Key Points
- CEO Kamal Anthony Hatoum sold 60,000 BBB Foods shares for about $4.10 million at an average price of $68.32, reducing his holdings by 0.37%; he still directly owns nearly 15.94 million shares.
- BBB Foods reported quarterly EPS of $0.01, beating the consensus estimate of a $0.10 loss, and revenue of $1.57 billion, above expectations of $1.53 billion.
- The stock traded at $69.96, near its 52-week high of $70.26. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $51.88.
BBB Foods Inc. (NYSE:TBBB - Get Free Report) CEO Kamal Anthony Hatoum sold 60,000 shares of the firm's stock in a transaction on Friday, November 13th. The stock was 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 directly owned 15,943,914 shares in the company, valued at approximately $1,089,288,204.48. This represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
BBB Foods Stock Performance
NYSE TBBB traded up $1.96 on Friday, hitting $69.96. 1,760,396 shares of the company traded hands, compared to its average volume of 1,151,791. The business's 50 day moving average price is $56.36 and its 200-day moving average price is $43.48. BBB Foods Inc. has a 52-week low of $25.84 and a 52-week high of $70.26. The company has a current ratio of 0.69, a quick ratio of 0.45 and a debt-to-equity ratio of 2.09. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of -74.43 and a beta of -0.01.
BBB Foods (NYSE:TBBB - Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The company reported $0.01 EPS for the quarter, topping 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 return on equity of 36.98% and a negative net margin of 1.94%. Equities analysts expect that BBB Foods Inc. will post -0.62 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TBBB. Wasatch Advisors LP grew its holdings in BBB Foods by 3.4% during the 2nd quarter. Wasatch Advisors LP now owns 4,239,474 shares of the company's stock valued at $176,659,000 after buying an additional 139,649 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of BBB Foods during the first quarter valued at approximately $65,967,000. Ninety One UK Ltd bought a new stake in shares of BBB Foods during the third quarter valued at approximately $59,033,000. Carmignac Gestion lifted its holdings in shares of BBB Foods by 526.5% in the second quarter. Carmignac Gestion now owns 670,106 shares of the company's stock worth $27,917,000 after buying an additional 563,141 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of BBB Foods by 10.7% in the first quarter. Sei Investments Co. now owns 748,627 shares of the company's stock worth $26,479,000 after buying an additional 72,646 shares in the last quarter. 8.42% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
TBBB has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of BBB Foods from $48.00 to $67.00 and gave the company an "overweight" rating in a research note on Thursday, September 10th. Citigroup reiterated a "buy" rating on shares of BBB Foods in a research note on Monday, September 14th. Scotiabank reissued an "outperform" rating and set a $65.00 price target on shares of BBB Foods in a report on Thursday, August 27th. Weiss Ratings cut BBB Foods from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday. Finally, UBS Group boosted their price objective on BBB Foods from $58.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, October 21st. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, BBB Foods currently has a consensus rating of "Moderate Buy" and an average price target of $51.88.
Get Our Latest Research Report on BBB Foods
About BBB Foods
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
