BBB Foods (NYSE:TBBB) Issues Earnings Results

by · The Markets Daily

BBB Foods (NYSE:TBBB – Get Free Report) released its quarterly earnings results on Monday. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.11, FiscalAI reports. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.53 billion. BBB Foods had a negative return on equity of 72.47% and a negative net margin of 3.68%.

BBB Foods Stock Performance

TBBB stock traded up $0.40 during trading hours on Monday, reaching $57.00. The stock had a trading volume of 1,006,813 shares, compared to its average volume of 686,917. The stock has a 50-day simple moving average of $53.21 and a 200 day simple moving average of $41.86. BBB Foods has a fifty-two week low of $25.84 and a fifty-two week high of $59.60. The stock has a market capitalization of $6.76 billion, a PE ratio of -35.41 and a beta of -0.01. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.68 and a quick ratio of 0.44.

Insider Buying and Selling at BBB Foods

In other news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $51.00, for a total value of $388,773.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

TBBB has been the subject of a number of research reports. Zacks Research upgraded BBB Foods from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. UBS Group lifted their target price on BBB Foods from $58.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Weiss Ratings upgraded BBB Foods from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. JPMorgan Chase & Co. boosted their target price on BBB Foods from $48.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, September 10th. Finally, Citigroup reaffirmed a “buy” rating on shares of BBB Foods in a research report on Monday, September 14th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $51.88.

Read Our Latest Analysis on BBB Foods

BBB Foods Company Profile

(Get Free Report)

BBB Foods Inc operates Tiendas 3B, a hard-discount grocery retail chain in Mexico. Its stores focus on everyday consumer essentials, including food, beverages, household products and personal-care items, offered primarily through a combination of private-label and selected national-brand products.

The company’s business model emphasizes a limited assortment, compact store formats and value-oriented pricing. Tiendas 3B stores primarily serve communities in Mexico, with a presence concentrated in the country’s central and southern regions.

BBB Foods was founded in 2004 and is led by Anthony Hatoum, who serves as the company’s chief executive officer.

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