BBB Foods (NYSE:TBBB) Announces Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Key Points

• BBB Foods reported a quarterly EPS loss of $0.19, missing analysts’ estimate of a $0.16 loss by $0.03. Revenue came in at $1.49 billion, exceeding the $1.42 billion consensus estimate.
• The stock rose 1.6% to $42.09 following the results, with a market capitalization of approximately $4.99 billion. The company continues to report weak profitability, including a negative 3.95% net margin and negative 79.86% return on equity.
• Analyst sentiment remains broadly positive: BBB Foods has a consensus “Moderate Buy” rating and an average price target of $45.12, with recent targets ranging from $48 to $51.

BBB Foods (NYSE:TBBB - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.03), Zacks reports. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.42 billion. BBB Foods had a negative return on equity of 79.86% and a negative net margin of 3.95%.

BBB Foods Trading Up 1.6%

NYSE:TBBB traded up $0.65 on Wednesday, reaching $42.09. The stock had a trading volume of 588,150 shares, compared to its average volume of 629,359. BBB Foods has a 12-month low of $23.81 and a 12-month high of $44.58. The company has a market cap of $4.99 billion and a price-to-earnings ratio of -27.15. The firm's fifty day moving average is $41.11 and its two-hundred day moving average is $37.86. The company has a debt-to-equity ratio of 2.76, a current ratio of 0.60 and a quick ratio of 0.35.

Hedge Funds Weigh In On BBB Foods

A number of institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. acquired a new stake in BBB Foods during the second quarter worth approximately $25,000. Larson Financial Group LLC raised its holdings in BBB Foods by 547.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,056 shares of the company's stock valued at $28,000 after acquiring an additional 893 shares during the last quarter. Smartleaf Asset Management LLC purchased a new position in shares of BBB Foods during the 4th quarter worth $39,000. State of Wyoming purchased a new position in shares of BBB Foods during the 4th quarter worth $139,000. Finally, Bank of Nova Scotia acquired a new stake in shares of BBB Foods during the fourth quarter worth $267,000. Institutional investors and hedge funds own 8.42% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TBBB shares. Citigroup began coverage on BBB Foods in a research report on Friday, July 31st. They issued a "buy" rating and a $49.00 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of BBB Foods from $46.00 to $48.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. UBS Group upgraded shares of BBB Foods from a "neutral" rating to a "buy" rating and raised their target price for the company from $43.00 to $51.00 in a report on Tuesday, August 4th. Zacks Research upgraded shares of BBB Foods from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Finally, Wall Street Zen upgraded shares of BBB Foods from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, BBB Foods has a consensus rating of "Moderate Buy" and a consensus target price of $45.12.

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.

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