BBB Foods (NYSE:TBBB) Issues Earnings Results

Key Points

• BBB Foods reported a quarterly loss of ($0.13) EPS, significantly missing analysts' estimates of $0.04 by ($0.17).
• The stock has seen fluctuations with a current price of $26.30, a 52-week low of $23.00, and a high of $35.22.
• Analysts have mixed views on BBB Foods, with one downgrade to "sell" and varying ratings from hold to outperform across recent reports.

BBB Foods (NYSE:TBBB - Get Free Report) posted its quarterly earnings data on Monday. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.17), Zacks reports. BBB Foods had a return on equity of 13.08% and a net margin of 0.85%.

BBB Foods Stock Performance

Shares of TBBB traded up $0.49 on Monday, reaching $26.30. 651,196 shares of the company's stock traded hands, compared to its average volume of 683,551. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.93. The stock has a market cap of $3.00 billion, a PE ratio of 117.32 and a beta of -0.02. The stock's 50 day simple moving average is $26.27 and its two-hundred day simple moving average is $27.29. BBB Foods has a 52-week low of $23.00 and a 52-week high of $35.22.

Analyst Upgrades and Downgrades

TBBB has been the topic of several recent research reports. Wall Street Zen downgraded BBB Foods from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. The Goldman Sachs Group upgraded BBB Foods to a "hold" rating in a report on Wednesday, July 9th. Itau BBA Securities raised BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price objective for the company in a research note on Monday, April 21st. Finally, UBS Group increased their price objective on BBB Foods from $32.00 to $33.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $33.17.

Hedge Funds Weigh In On BBB Foods

A hedge fund recently raised its stake in BBB Foods stock. Goldman Sachs Group Inc. raised its position in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 276.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 156,526 shares of the company's stock after purchasing an additional 114,990 shares during the period. Goldman Sachs Group Inc. owned 0.14% of BBB Foods worth $4,176,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 8.42% of the company's stock.

About BBB Foods

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.

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