17,277 Shares in BBB Foods Inc. (NYSE:TBBB) Purchased by Entropy Technologies LP

Key Points

• Entropy Technologies LP purchased 17,277 shares of BBB Foods Inc. in Q1, indicating a growing interest in the stock, valued at approximately $461,000.
• Several hedge funds have increased their positions in the company, with Capital Research Global Investors raising its stake by 37.3% and now holding over 5 million shares.
• Wall Street analysts have varying opinions on BBB Foods, with an average rating of "Hold" and a price target of $33.17, reflecting cautious optimism amid recent financial performance challenges.

Entropy Technologies LP acquired a new position in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,277 shares of the company's stock, valued at approximately $461,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Research Global Investors increased its position in BBB Foods by 37.3% during the fourth quarter. Capital Research Global Investors now owns 5,330,214 shares of the company's stock worth $150,738,000 after purchasing an additional 1,448,093 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in BBB Foods by 3.1% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,853,906 shares of the company's stock worth $80,708,000 after purchasing an additional 84,482 shares during the last quarter. Driehaus Capital Management LLC increased its position in BBB Foods by 17.4% during the fourth quarter. Driehaus Capital Management LLC now owns 1,567,285 shares of the company's stock worth $44,323,000 after purchasing an additional 232,443 shares during the last quarter. Teacher Retirement System of Texas increased its position in BBB Foods by 24.9% during the first quarter. Teacher Retirement System of Texas now owns 1,162,695 shares of the company's stock worth $31,021,000 after purchasing an additional 231,589 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in 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 purchasing an additional 560,280 shares during 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 equities research analysts have weighed in on TBBB shares. UBS Group lifted their price target on shares of BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Wall Street Zen cut shares of BBB Foods from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Itau BBA Securities upgraded shares of BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price target for the company in a research report on Monday, April 21st. Finally, The Goldman Sachs Group raised shares of BBB Foods to a "hold" rating in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, BBB Foods currently has an average rating of "Hold" and an average price target of $33.17.

BBB Foods Stock Performance

Shares of TBBB opened at $26.63 on Thursday. The company has a 50-day simple moving average of $26.24 and a 200-day simple moving average of $27.29. The company has a quick ratio of 0.49, a current ratio of 0.69 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $3.04 billion, a PE ratio of -332.84 and a beta of -0.02. BBB Foods Inc. has a 52-week low of $23.00 and a 52-week high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.09). The firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $17.98 billion. BBB Foods had a negative return on equity of 3.07% and a negative net margin of 0.19%. Equities research analysts predict that BBB Foods Inc. will post 0.15 earnings per share for the current fiscal year.

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.

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