BBB Foods (NYSE:TBBB) Issues Earnings Results, Misses Expectations By $0.22 EPS

BBB Foods (NYSE:TBBB) announced its quarterly earnings data on Wednesday. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.22), Zacks reports. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. BBB Foods had a negative net margin of 2.61% and a negative return on equity of 44.56%.

BBB Foods Stock Down 9.7%

BBB Foods stock traded down $3.29 during trading on Thursday, reaching $30.75. 543,272 shares of the company’s stock were exchanged, compared to its average volume of 644,279. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of -36.62 and a beta of -0.16. BBB Foods has a 52-week low of $23.75 and a 52-week high of $40.09. The company’s 50-day moving average is $35.30 and its two-hundred day moving average is $31.13. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.39 and a current ratio of 0.65.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TBBB. Virtu Financial LLC acquired a new stake in shares of BBB Foods in the fourth quarter valued at approximately $399,000. XTX Topco Ltd acquired a new stake in BBB Foods in the 4th quarter valued at approximately $463,000. Tudor Investment Corp ET AL bought a new stake in BBB Foods during the 4th quarter valued at $2,952,000. Millennium Management LLC grew its stake in shares of BBB Foods by 296.5% in the fourth quarter. Millennium Management LLC now owns 778,613 shares of the company’s stock worth $25,998,000 after purchasing an additional 582,262 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in shares of BBB Foods by 18.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 20,439 shares of the company’s stock valued at $682,000 after purchasing an additional 3,113 shares during the period. 8.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TBBB has been the subject of a number of recent analyst reports. Itau BBA Securities downgraded BBB Foods from an “outperform” rating to a “market perform” rating and set a $42.00 target price for the company. in a report on Thursday, February 12th. Wall Street Zen downgraded shares of BBB Foods from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. The Goldman Sachs Group increased their target price on shares of BBB Foods from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, December 18th. Zacks Research raised BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BBB Foods in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.00.

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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.