Deutsche Bank AG Takes Position in BBB Foods Inc. (NYSE:TBBB)

Deutsche Bank AG purchased a new stake in BBB Foods Inc. (NYSE:TBBB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,000 shares of the company's stock, valued at approximately $311,000.

Other institutional investors and hedge funds have also modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of BBB Foods in the fourth quarter worth about $3,676,000. Driehaus Capital Management LLC increased its position in BBB Foods by 17.4% in the 4th quarter. Driehaus Capital Management LLC now owns 1,567,285 shares of the company's stock worth $44,323,000 after buying an additional 232,443 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of BBB Foods by 146.1% during the fourth quarter. Ameriprise Financial Inc. now owns 943,857 shares of the company's stock worth $26,692,000 after buying an additional 560,280 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of BBB Foods by 1.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 107,739 shares of the company's stock worth $3,047,000 after buying an additional 1,655 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of BBB Foods by 0.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 547,642 shares of the company's stock valued at $15,487,000 after acquiring an additional 1,960 shares during the period. 8.42% of the stock is currently owned by institutional investors and hedge funds.

BBB Foods Stock Performance

Shares of TBBB traded down $1.37 on Wednesday, reaching $27.38. 812,384 shares of the stock traded hands, compared to its average volume of 771,880. The stock's 50-day moving average price is $28.45 and its 200-day moving average price is $28.56. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.79 and a quick ratio of 0.54. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 124.45 and a beta of 0.17. BBB Foods Inc. has a 12 month low of $21.39 and a 12 month high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.10). The business had revenue of $838.41 million for the quarter, compared to analysts' expectations of $836.80 million. Equities analysts forecast that BBB Foods Inc. will post 0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TBBB. Itau BBA Securities raised shares of BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 target price on the stock in a research report on Monday, April 21st. UBS Group raised their price target on shares of BBB Foods from $32.00 to $33.00 and gave the stock a "neutral" rating in a research report on Wednesday. Finally, Scotiabank set a $37.00 price objective on shares of BBB Foods and gave the stock an "outperform" rating in a report on Friday, April 11th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $34.00.

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.