BBB Foods (NYSE:TBBB) CEO Kamal Anthony Hatoum Sells 60,000 Shares of Company Stock

BBB Foods Inc. (NYSE:TBBB) CEO Kamal Anthony Hatoum sold 60,000 shares of the firm’s stock in a transaction on Friday, November 13th. The shares were sold at an average price of $68.32, for a total value of $4,099,200.00. Following the completion of the transaction, the chief executive officer owned 15,943,914 shares in the company, valued at $1,089,288,204.48. The trade was a 0.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

BBB Foods Price Performance

Shares of BBB Foods stock traded up $1.96 during trading hours on Friday, reaching $69.96. 1,760,396 shares of the company’s stock were exchanged, compared to its average volume of 717,837. BBB Foods Inc. has a 1 year low of $25.84 and a 1 year high of $70.26. The company has a market capitalization of $8.30 billion, a P/E ratio of -74.43 and a beta of -0.01. The business has a fifty day moving average of $55.95 and a two-hundred day moving average of $43.30. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 2.09.

BBB Foods (NYSE:TBBB) last issued its earnings results on Monday, November 2nd. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.11. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.53 billion. BBB Foods had a negative net margin of 1.94% and a negative return on equity of 36.98%. As a group, research analysts predict that BBB Foods Inc. will post -0.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Weiss Ratings downgraded shares of BBB Foods from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Scotiabank restated an “outperform” rating and set a $65.00 target price on shares of BBB Foods in a report on Thursday, August 27th. UBS Group upped their price target on BBB Foods from $58.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. JPMorgan Chase & Co. increased 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. Finally, Citigroup reaffirmed a “buy” rating on shares of BBB Foods in a report on Monday, September 14th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Sei Investments Co. increased its position in BBB Foods by 10.7% during the first quarter. Sei Investments Co. now owns 748,627 shares of the company’s stock worth $26,479,000 after purchasing an additional 72,646 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in BBB Foods during the second quarter worth about $10,630,000. Carmignac Gestion boosted its holdings in BBB Foods by 526.5% in the 2nd quarter. Carmignac Gestion now owns 670,106 shares of the company’s stock valued at $27,917,000 after purchasing an additional 563,141 shares during the last quarter. Principal Financial Group Inc. acquired a new position in BBB Foods in the 1st quarter valued at about $65,967,000. Finally, Ninety One North America Inc. acquired a new position in BBB Foods in the 3rd quarter valued at about $17,591,000. Institutional investors and hedge funds own 8.42% of the company’s stock.

BBB Foods Company Profile

BBB Foods operates Tiendas 3B, a hard-discount grocery retailer in Mexico. Its stores focus on everyday low prices and a streamlined shopping experience, offering a selected assortment of food and household products from both national brands and private-label lines. Founded in 2004, the company has expanded its store network across Mexico. The Tiendas 3B name refers to “bueno, bonito y barato,” or “good, attractive and affordable,” reflecting its emphasis on value. BBB Foods was founded by Anthony Hatoum, who serves as the company’s chief executive officer.