BBB Foods (NYSE:TBBB) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

BBB Foods (NYSE:TBBB) released its earnings results on Monday. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.11, FiscalAI reports. BBB Foods had a negative return on equity of 72.47% and a negative net margin of 3.68%. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.53 billion.

BBB Foods Stock Performance

BBB Foods stock opened at $57.00 on Tuesday. The firm’s fifty day moving average is $53.34 and its 200 day moving average is $41.98. The company has a quick ratio of 0.44, a current ratio of 0.68 and a debt-to-equity ratio of 2.16. BBB Foods has a 52-week low of $25.84 and a 52-week high of $59.60.

Insider Activity

In other news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of BBB Foods 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TBBB. JPMorgan Chase & Co. increased their price objective on shares of BBB Foods from $48.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, September 10th. Scotiabank reissued an “outperform” rating and issued a $65.00 target price on shares of BBB Foods in a report on Thursday, August 27th. Citigroup restated a “buy” rating on shares of BBB Foods in a research report on Monday, September 14th. Zacks Research raised shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Weiss Ratings raised shares of BBB Foods from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.