BBB Foods (NYSE:TBBB) Director Sapire Rose Nicole Domin Reich Sells 7,623 Shares

Key Points

• Director Sapire Rose Nicole Domin Reich sold 7,623 BBB Foods shares at $51 each, generating $388,773; she sold the same number of shares the prior week for $384,961.50.
• BBB Foods shares traded at $50.45, near their 12-month high of $52.22, while the company reported quarterly revenue of $1.49 billion but missed earnings expectations with a loss of $0.19 per share.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $50.50; JPMorgan recently raised its target to $67.

BBB Foods Inc. (NYSE:TBBB - Get Free Report) Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the firm's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $51.00, for a total transaction of $388,773.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Sapire Rose Nicole Domin Reich also recently made the following trade(s):

• On Wednesday, September 2nd, Sapire Rose Nicole Domin Reich sold 7,623 shares of BBB Foods stock. The shares were sold at an average price of $50.50, for a total transaction of $384,961.50.

BBB Foods Price Performance

TBBB stock traded down $0.89 during mid-day trading on Friday, hitting $50.45. The company had a trading volume of 272,086 shares, compared to its average volume of 658,849. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of -31.33 and a beta of 0.05. BBB Foods Inc. has a 12-month low of $23.81 and a 12-month high of $52.22. The company has a quick ratio of 0.44, a current ratio of 0.68 and a debt-to-equity ratio of 2.16. The company has a 50-day moving average price of $44.66 and a 200 day moving average price of $39.80.

BBB Foods (NYSE:TBBB - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.03). The firm had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.42 billion. BBB Foods had a negative net margin of 3.68% and a negative return on equity of 72.47%. On average, research analysts anticipate that BBB Foods Inc. will post -0.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TBBB has been the topic of a number of research reports. JPMorgan Chase & Co. lifted their price objective on BBB Foods from $48.00 to $67.00 and gave the stock an "overweight" rating in a research note on Thursday. Zacks Research raised shares of BBB Foods from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Scotiabank reissued an "outperform" rating and issued a $65.00 target price on shares of BBB Foods in a report on Thursday, August 27th. HSBC raised shares of BBB Foods from a "hold" rating to a "buy" rating and upped their price target for the company from $38.00 to $47.00 in a research note on Wednesday, May 27th. Finally, Citigroup started coverage on shares of BBB Foods in a research report on Friday, July 31st. They set a "buy" rating and a $49.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $50.50.

Institutional Investors Weigh In On BBB Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Orion Porfolio Solutions LLC boosted its holdings in BBB Foods by 2.9% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 27,163 shares of the company's stock valued at $732,000 after acquiring an additional 770 shares during the period. Savant Capital LLC increased its stake in BBB Foods by 6.7% in the fourth quarter. Savant Capital LLC now owns 12,540 shares of the company's stock worth $419,000 after purchasing an additional 792 shares during the period. Osaic Holdings Inc. bought a new stake in shares of BBB Foods during the second quarter worth $25,000. Larson Financial Group LLC lifted its position in shares of BBB Foods by 547.9% during the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company's stock worth $28,000 after purchasing an additional 893 shares during the last quarter. Finally, Smartleaf Asset Management LLC purchased a new stake in shares of BBB Foods during the fourth quarter valued at $39,000. 8.42% of the stock is currently owned by hedge funds and other institutional investors.

About BBB Foods

BBB Foods Inc is a Mexico-based discount retailer that operates under the Tiendas 3B brand. The company serves consumers through neighborhood stores offering everyday necessities at affordable prices, with a focus on convenience, value and accessible locations.

Tiendas 3B stores sell a range of groceries, household products, personal-care items and other frequently purchased consumer goods. The business emphasizes a hard-discount retail model, including a selection of private-label and branded products, streamlined store formats and cost-conscious operations.

BBB Foods was founded in Mexico and has expanded its store network across the country.

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