BBB Foods (NYSE:TBBB) Releases Earnings Results, Misses Expectations By $0.03 EPS

Key Points

• Missed EPS: BBB Foods reported (−$0.27) EPS vs. consensus (−$0.24), a $0.03 miss, while revenue was $1.28B (slightly above the $1.27B estimate); the company posted a negative net margin of 3.95% and ROE of −82.15%.
• Share movement and financial health: Shares fell about 2.7% to $37.41 (down $1.02) with trading volume below average; the company has high leverage (debt-to-equity 2.61), weak liquidity (quick ratio 0.35, current ratio 0.62), and a market cap of $4.37B.
• Mixed analyst sentiment: Analyst views vary—four Buy, two Hold, two Sell—with an average "Hold" rating and $42.50 target, though several firms recently raised price targets and ratings (e.g., UBS, JPMorgan, Morgan Stanley).

BBB Foods (NYSE:TBBB - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.03), Zacks reports. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. BBB Foods had a negative net margin of 3.95% and a negative return on equity of 82.15%.

BBB Foods Trading Down 2.7%

TBBB traded down $1.02 during trading on Friday, reaching $37.41. 140,831 shares of the company's stock were exchanged, compared to its average volume of 577,015. The company's fifty day moving average price is $35.61 and its 200-day moving average price is $33.88. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.35 and a current ratio of 0.62. BBB Foods has a fifty-two week low of $23.81 and a fifty-two week high of $40.09. The firm has a market capitalization of $4.37 billion, a PE ratio of -24.14 and a beta of 0.02.

Wall Street Analyst Weigh In

TBBB has been the subject of a number of research reports. Morgan Stanley raised shares of BBB Foods to an "overweight" rating in a report on Wednesday, January 28th. UBS Group raised their price target on shares of BBB Foods from $31.00 to $43.00 and gave the company a "neutral" rating in a report on Friday, February 20th. JPMorgan Chase & Co. raised their price target on shares of BBB Foods from $44.00 to $46.00 and gave the company an "overweight" rating in a report on Monday, April 20th. Wall Street Zen lowered shares of BBB Foods from a "hold" rating to a "sell" rating in a report on Saturday, April 25th. Finally, Itau BBA Securities raised shares of BBB Foods from a "market perform" rating to an "outperform" rating and set a $42.00 target price for the company in a report on Friday, March 13th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $42.50.

Institutional Trading of BBB Foods

Institutional investors have recently bought and sold shares of the business. Fund 1 Investments LLC bought a new position in shares of BBB Foods during the fourth quarter worth $992,000. Verition Fund Management LLC boosted its position in shares of BBB Foods by 25.5% during the third quarter. Verition Fund Management LLC now owns 36,146 shares of the company's stock worth $974,000 after purchasing an additional 7,345 shares in the last quarter. Orion Porfolio Solutions LLC boosted its position in shares of BBB Foods by 2.9% during the third quarter. Orion Porfolio Solutions LLC now owns 27,163 shares of the company's stock worth $732,000 after purchasing an additional 770 shares in the last quarter. Jain Global LLC bought a new position in shares of BBB Foods during the fourth quarter worth $722,000. Finally, Balyasny Asset Management L.P. boosted its position in shares of BBB Foods by 18.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 20,439 shares of the company's stock worth $682,000 after purchasing an additional 3,113 shares in the last quarter. Institutional investors and hedge funds own 8.42% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.