BBB Foods (NYSE:TBBB) Announces Quarterly Earnings Results

BBB Foods (NYSE:TBBB) announced its earnings results on Monday. The company reported $0.01 EPS for the quarter, topping 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 net margin of 3.68% and a negative return on equity of 72.47%.

BBB Foods Stock Up 0.7%

TBBB traded up $0.40 during trading hours on Monday, hitting $57.00. 1,006,813 shares of the company’s stock were exchanged, compared to its average volume of 686,917. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of -35.41 and a beta of -0.01. BBB Foods has a 1-year low of $25.84 and a 1-year high of $59.60. The stock’s 50-day moving average is $53.21 and its two-hundred day moving average is $41.86. The company has a quick ratio of 0.44, a current ratio of 0.68 and a debt-to-equity ratio of 2.16.

Insider Activity

In other BBB Foods news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $51.00, for a total value of $388,773.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Analyst Ratings Changes

A number of research firms have issued reports on TBBB. Citigroup reiterated a “buy” rating on shares of BBB Foods in a report on Monday, September 14th. JPMorgan Chase & Co. boosted their price target on BBB Foods from $48.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, September 10th. Zacks Research raised BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. UBS Group upped their price objective on BBB Foods from $58.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, October 21st. Finally, Scotiabank reiterated an “outperform” rating and set a $65.00 price objective on shares of BBB Foods in a report on Thursday, August 27th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, BBB Foods presently has an average rating of “Moderate Buy” and a consensus target price of $51.88.

About BBB Foods

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.