Key Points
- Director Sapire Rose Nicole Domin Reich sold 7,623 BBB Foods shares for $388,773 at an average price of $51.00 on September 9, following a similar sale valued at $384,961.50 the prior week.
- BBB Foods reported quarterly revenue of $1.49 billion, exceeding estimates, but its loss of $0.19 per share was wider than expected. Analysts project a full-year loss of $0.63 per share.
- The stock opened at $50.45, near its 52-week high of $52.22. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $50.50, while 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 business's stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $51.00, for a total transaction of $388,773.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Sapire Rose Nicole Domin Reich also recently made the following trade(s):
- On Wednesday, September 2nd, Sapire Rose Nicole Domin Reich sold 7,623 shares of BBB Foods stock. The shares were sold at an average price of $50.50, for a total transaction of $384,961.50.
BBB Foods Stock Performance
Shares of TBBB stock opened at $50.45 on Friday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.44 and a current ratio of 0.68. BBB Foods Inc. has a one year low of $23.81 and a one year high of $52.22. The company's 50-day simple moving average is $44.82 and its 200-day simple moving average is $39.88. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of -31.33 and a beta of 0.05.
BBB Foods (NYSE:TBBB - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.03). The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.42 billion. BBB Foods had a negative net margin of 3.68% and a negative return on equity of 72.47%. Equities analysts anticipate that BBB Foods Inc. will post -0.63 earnings per share for the current fiscal year.
Hedge Funds Weigh In On BBB Foods
Several large investors have recently bought and sold shares of the stock. Orion Porfolio Solutions LLC lifted its holdings in shares of BBB Foods by 2.9% in the third quarter. Orion Porfolio Solutions LLC now owns 27,163 shares of the company's stock valued at $732,000 after buying an additional 770 shares during the period. Savant Capital LLC grew its holdings in BBB Foods by 6.7% during the fourth quarter. Savant Capital LLC now owns 12,540 shares of the company's stock worth $419,000 after acquiring an additional 792 shares during the period. Osaic Holdings Inc. acquired a new position in BBB Foods during the second quarter worth about $25,000. Larson Financial Group LLC grew its holdings in BBB Foods by 547.9% during the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company's stock worth $28,000 after acquiring an additional 893 shares during the period. Finally, Smartleaf Asset Management LLC bought a new stake in BBB Foods in the fourth quarter worth about $39,000. Institutional investors and hedge funds own 8.42% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. Scotiabank reiterated an "outperform" rating and issued a $65.00 price target on shares of BBB Foods in a report on Thursday, August 27th. Zacks Research upgraded shares of BBB Foods from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Citigroup began coverage on shares of BBB Foods in a report on Friday, July 31st. They set a "buy" rating and a $49.00 target price on the stock. HSBC upgraded shares of BBB Foods from a "hold" rating to a "buy" rating and raised their price target for the stock from $38.00 to $47.00 in a research report on Wednesday, May 27th. Finally, Wall Street Zen upgraded BBB Foods from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $50.50.
Check Out Our Latest Analysis on BBB Foods
BBB Foods Company Profile
(
Get Free Report)
BBB Foods Inc is a Mexico-based discount retailer that operates under the Tiendas 3B brand. The company serves consumers through neighborhood stores offering everyday necessities at affordable prices, with a focus on convenience, value and accessible locations.
Tiendas 3B stores sell a range of groceries, household products, personal-care items and other frequently purchased consumer goods. The business emphasizes a hard-discount retail model, including a selection of private-label and branded products, streamlined store formats and cost-conscious operations.
BBB Foods was founded in Mexico and has expanded its store network across the country.
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