BBB Foods (NYSE:TBBB) Releases Quarterly Earnings Results

BBB Foods (NYSE:TBBB) issued its quarterly earnings results on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($1.03), Zacks reports.

BBB Foods Price Performance

BBB Foods stock traded up $1.78 during mid-day trading on Wednesday, reaching $26.62. 1,382,921 shares of the company were exchanged, compared to its average volume of 845,726. The business has a fifty day moving average of $26.76 and a 200 day moving average of $29.42. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72. BBB Foods has a 12-month low of $19.31 and a 12-month high of $35.22.

Wall Street Analysts Forecast Growth

Separately, Itau BBA Securities began coverage on BBB Foods in a report on Wednesday, January 22nd. They issued a “market perform” rating and a $32.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $32.00.

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.