BBB Foods (NYSE:TBBB) Issues Earnings Results, Misses Estimates By $0.22 EPS

BBB Foods (NYSE:TBBB) posted its quarterly earnings data on Wednesday. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.22), Zacks reports. BBB Foods had a negative return on equity of 44.56% and a negative net margin of 2.61%.The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion.

BBB Foods Price Performance

TBBB traded down $3.29 during trading on Thursday, hitting $30.75. The company’s stock had a trading volume of 543,272 shares, compared to its average volume of 644,279. The firm’s 50 day moving average price is $35.30 and its two-hundred day moving average price is $31.13. The company has a quick ratio of 0.39, a current ratio of 0.65 and a debt-to-equity ratio of 2.21. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of -36.62 and a beta of -0.16. BBB Foods has a 12 month low of $23.75 and a 12 month high of $40.09.

Institutional Trading of BBB Foods

Several hedge funds have recently modified their holdings of TBBB. Wasatch Advisors LP raised its position in BBB Foods by 25.7% in the 4th quarter. Wasatch Advisors LP now owns 3,409,281 shares of the company’s stock valued at $113,836,000 after buying an additional 696,365 shares during the last quarter. Orbis Allan Gray Ltd acquired a new position in BBB Foods during the 4th quarter worth approximately $109,810,000. Duquesne Family Office LLC grew its stake in shares of BBB Foods by 228.1% during the 3rd quarter. Duquesne Family Office LLC now owns 1,183,125 shares of the company’s stock worth $31,897,000 after acquiring an additional 822,575 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of BBB Foods by 43.9% in the third quarter. Bank of America Corp DE now owns 863,017 shares of the company’s stock valued at $23,267,000 after purchasing an additional 263,391 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of BBB Foods by 296.5% in the fourth quarter. Millennium Management LLC now owns 778,613 shares of the company’s stock valued at $25,998,000 after purchasing an additional 582,262 shares during the last quarter. 8.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TBBB shares. UBS Group lifted their price target on shares of BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Morgan Stanley upgraded shares of BBB Foods to an “overweight” rating in a research note on Wednesday, January 28th. The Goldman Sachs Group lifted their target price on shares of BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, December 18th. Weiss Ratings reissued a “sell (d+)” rating on shares of BBB Foods in a research report on Monday, December 29th. Finally, Zacks Research raised BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $39.00.

BBB Foods Company Profile

BBB Foods Inc, through its subsidiaries, operates a chain of grocery retail stores in Mexico. It offers household cleaning, personal hyenine, cosmetics and beauty, pharmacy, and general merchandise products, as well as jellies and desserts, foods and drinks, pet supplies, coffee, tea, chocolates, breads, dry and frozen foods, snacks and sweets, and toilet papers and napkins. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.