Key Points
- Director Sapire Rose Nicole Domin Reich sold 7,623 BBB Foods shares at an average price of $50.50, generating $384,961.50 and reducing her direct ownership by 50%.
- BBB Foods reported quarterly revenue of $1.49 billion, exceeding estimates, but its loss of $0.19 per share was wider than analysts expected. The stock opened at $49.69, near its 52-week high of $51.62.
- Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $48.12; recent targets range from $47 to $65. Institutional investors own 8.42% of the company.
BBB Foods Inc. (NYSE:TBBB - Get Free Report) Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the company's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $50.50, for a total value of $384,961.50. Following the transaction, the director directly owned 7,623 shares of the company's stock, valued at approximately $384,961.50. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
BBB Foods Trading Up 0.0%
Shares of NYSE:TBBB opened at $49.69 on Friday. The business's 50 day moving average price is $43.92 and its 200-day moving average price is $39.44. BBB Foods Inc. has a 1 year low of $23.81 and a 1 year high of $51.62. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of -30.86 and a beta of 0.05. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.68 and a quick ratio of 0.44.
BBB Foods (NYSE:TBBB - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.03). BBB Foods had a negative return on equity of 72.47% and a negative net margin of 3.68%.The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.42 billion. On average, equities research analysts forecast that BBB Foods Inc. will post -0.63 earnings per share for the current fiscal year.
Institutional Investors Weigh In On BBB Foods
Institutional investors have recently made changes to their positions in the stock. VELA Investment Management LLC raised its stake in shares of BBB Foods by 6.4% in the 2nd quarter. VELA Investment Management LLC now owns 41,600 shares of the company's stock valued at $1,733,000 after acquiring an additional 2,500 shares during the period. Wasatch Advisors LP boosted its position in shares of BBB Foods by 3.4% during the 2nd quarter. Wasatch Advisors LP now owns 4,239,474 shares of the company's stock worth $176,659,000 after purchasing an additional 139,649 shares during the period. Carmignac Gestion acquired a new stake in BBB Foods in the 1st quarter valued at approximately $3,778,000. Militia Capital Management LLC acquired a new stake in BBB Foods in the 1st quarter valued at approximately $1,734,000. Finally, Royal Bank of Canada lifted its stake in BBB Foods by 19.6% during the first quarter. Royal Bank of Canada now owns 11,415 shares of the company's stock worth $404,000 after purchasing an additional 1,874 shares in the last quarter. 8.42% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on TBBB. Scotiabank reaffirmed an "outperform" rating and issued a $65.00 target price on shares of BBB Foods in a research note on Thursday, August 27th. JPMorgan Chase & Co. boosted their target price on shares of BBB Foods from $46.00 to $48.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Zacks Research raised shares of BBB Foods from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. UBS Group raised their price target on shares of BBB Foods from $51.00 to $58.00 and gave the stock a "buy" rating in a report on Friday, August 28th. Finally, HSBC raised shares of BBB Foods from a "hold" rating to a "buy" rating and lifted their price target for the company from $38.00 to $47.00 in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $48.12.
Get Our Latest Stock Analysis on BBB Foods
BBB Foods Company Profile
(
Get Free Report)
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.
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