BBB Foods (NYSE:TBBB) Posts Earnings Results, Misses Estimates By $0.09 EPS

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) issued its quarterly earnings data on Monday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.09), Zacks reports. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $17.98 billion. BBB Foods had a negative return on equity of 3.07% and a negative net margin of 0.19%.

BBB Foods Stock Up 0.1%

NYSE:TBBB traded up $0.02 during trading hours on Friday, hitting $26.20. 10,500 shares of the stock traded hands, compared to its average volume of 782,592. The firm has a 50 day moving average price of $26.22 and a 200 day moving average price of $27.26. The company has a current ratio of 0.69, a quick ratio of 0.49 and a debt-to-equity ratio of 2.08. BBB Foods has a fifty-two week low of $23.00 and a fifty-two week high of $35.22. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of -328.56, a PEG ratio of 11.53 and a beta of -0.02.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TBBB. Wall Street Zen cut BBB Foods from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Itau BBA Securities raised BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price target on the stock in a report on Monday, April 21st. UBS Group upped their price target on BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Finally, The Goldman Sachs Group raised shares of BBB Foods to a "hold" rating in a research note on Wednesday, July 9th. One 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, the company presently has a consensus rating of "Hold" and a consensus target price of $33.17.

Hedge Funds Weigh In On BBB Foods

Several institutional investors and hedge funds have recently modified their holdings of TBBB. Goldman Sachs Group Inc. grew its holdings in shares of BBB Foods by 276.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 156,526 shares of the company's stock valued at $4,176,000 after acquiring an additional 114,990 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of BBB Foods by 32.3% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,979 shares of the company's stock valued at $4,774,000 after acquiring an additional 41,979 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of BBB Foods by 48.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 285,206 shares of the company's stock valued at $7,917,000 after acquiring an additional 92,989 shares in the last quarter. Sei Investments Co. grew its holdings in shares of BBB Foods by 57.7% during the 2nd quarter. Sei Investments Co. now owns 417,794 shares of the company's stock valued at $11,598,000 after acquiring an additional 152,883 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of BBB Foods by 153.5% during the 2nd quarter. Bank of America Corp DE now owns 599,626 shares of the company's stock valued at $16,646,000 after acquiring an additional 363,079 shares in the last quarter. 8.42% of the stock is currently owned by hedge funds and other institutional investors.

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.