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

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

BBB Foods Stock Performance

TBBB stock traded down $0.47 during trading on Friday, hitting $37.96. 362,555 shares of the company’s stock traded hands, compared to its average volume of 579,627. The stock has a fifty day moving average price of $35.61 and a two-hundred day moving average price of $33.88. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of -24.49 and a beta of 0.02. The company has a quick ratio of 0.35, a current ratio of 0.62 and a debt-to-equity ratio of 2.61. BBB Foods has a 52 week low of $23.81 and a 52 week high of $40.09.

Hedge Funds Weigh In On BBB Foods

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. boosted its position in shares of BBB Foods by 18.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 20,439 shares of the company’s stock valued at $682,000 after acquiring an additional 3,113 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in BBB Foods during the 4th quarter valued at $500,000. XTX Topco Ltd bought a new stake in BBB Foods in the 4th quarter valued at $463,000. Bridgefront Capital LLC bought a new stake in BBB Foods in the 4th quarter valued at $450,000. Finally, Entropy Technologies LP acquired a new stake in BBB Foods in the 4th quarter worth $409,000. Institutional investors and hedge funds own 8.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wall Street Zen lowered shares of BBB Foods from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Scotiabank lifted their target price on shares of BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday. Wells Fargo & Company set a $42.00 target price on shares of BBB Foods in a research report on Friday, March 13th. JPMorgan Chase & Co. increased their target price 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. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a report on Friday, March 27th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $42.50.

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.