BBB Foods (NYSE:TBBB) Director Sells $384,961.50 in Stock

Key Points

• Insider sale: BBB Foods Director Sapire Rose Nicole Domin Reich sold 7,623 shares at an average price of $50.50, generating $384,961.50 and reducing their ownership by 50%.
• Stock performance and financials: TBBB recently traded near its 12-month high at $49.69, but the company reported a quarterly loss of $0.19 per share, missing estimates, despite revenue of $1.49 billion exceeding expectations.
• Analyst outlook: BBB Foods has a “Moderate Buy” consensus rating, with an average price target of $48.12; ratings range from Sell to Strong Buy, including a $65 target from Scotiabank.

BBB Foods Inc. (NYSE:TBBB - Get Free Report) Director Sapire Rose Nicole Domin Reich sold 7,623 shares of BBB Foods stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $50.50, for a total transaction of $384,961.50. Following the sale, the director owned 7,623 shares of the company's stock, valued at approximately $384,961.50. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

BBB Foods Stock Performance

Shares of NYSE TBBB traded up $0.01 during trading on Friday, reaching $49.69. 192,099 shares of the company traded hands, compared to its average volume of 661,179. The stock has a market cap of $5.89 billion, a P/E ratio of -30.86 and a beta of 0.05. The firm's fifty day simple moving average is $43.77 and its 200 day simple moving average is $39.36. The company has a current ratio of 0.68, a quick ratio of 0.44 and a debt-to-equity ratio of 2.16. BBB Foods Inc. has a 12-month low of $23.81 and a 12-month high of $51.62.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TBBB shares. Zacks Research raised shares of BBB Foods from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Wall Street Zen upgraded shares of BBB Foods from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of BBB Foods in a report on Wednesday, June 24th. Scotiabank reiterated an "outperform" rating and issued a $65.00 price objective on shares of BBB Foods in a research report on Thursday, August 27th. Finally, Citigroup began coverage on shares of BBB Foods in a research note on Friday, July 31st. They set a "buy" rating and a $49.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, BBB Foods has an average rating of "Moderate Buy" and an average target price of $48.12.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Osaic Holdings Inc. acquired a new stake in BBB Foods in the 2nd quarter valued at $25,000. Farther Finance Advisors LLC increased its holdings in BBB Foods by 92.5% in the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company's stock worth $28,000 after acquiring an additional 396 shares in the last quarter. Larson Financial Group LLC raised its position in 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 acquiring an additional 893 shares during the period. Smartleaf Asset Management LLC acquired a new position in BBB Foods during the fourth quarter worth $39,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in BBB Foods during the fourth quarter valued at $89,000. 8.42% of the stock is owned by institutional investors and hedge funds.

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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.

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