BBB Foods Inc. $TBBB Stock Holdings Raised by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. has increased its ownership of BBB Foods Inc. by 73.2%, acquiring an additional 690,560 shares to hold a total of 1,634,417 shares, which represents about 1.43% of the company valued at $43.6 million.
• BBB Foods reported a quarterly earnings per share (EPS) of ($0.13), missing analysts' estimates of ($0.04), indicating continued financial challenges for the company despite generating $1 billion in revenue.
• Research analysts have mixed views on BBB Foods, with a consensus rating of "Hold" and an average price target of $33.60, while Wall Street Zen downgraded its rating to "Sell."

Ameriprise Financial Inc. raised its stake in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 73.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,634,417 shares of the company's stock after buying an additional 690,560 shares during the period. Ameriprise Financial Inc. owned about 1.43% of BBB Foods worth $43,606,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TBBB. TT International Asset Management LTD purchased a new position in shares of BBB Foods during the 1st quarter valued at about $15,261,000. Burkehill Global Management LP acquired a new position in BBB Foods in the first quarter valued at approximately $9,338,000. Driehaus Capital Management LLC raised its position in BBB Foods by 17.4% in the fourth quarter. Driehaus Capital Management LLC now owns 1,567,285 shares of the company's stock valued at $44,323,000 after purchasing an additional 232,443 shares during the period. Teacher Retirement System of Texas increased its position in shares of 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 acquiring an additional 231,589 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of BBB Foods during the fourth quarter worth $3,676,000. Hedge funds and other institutional investors own 8.42% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. The Goldman Sachs Group upgraded shares of BBB Foods to a "hold" rating in a research note on Wednesday, July 9th. UBS Group increased their target price on shares of BBB Foods from $32.00 to $33.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Finally, Wall Street Zen downgraded shares of BBB Foods from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $33.60.

BBB Foods Price Performance

Shares of TBBB traded down $0.37 during mid-day trading on Tuesday, reaching $26.53. 116,700 shares of the company's stock were exchanged, compared to its average volume of 762,944. BBB Foods Inc. has a 52-week low of $23.00 and a 52-week high of $35.22. The company has a 50-day simple moving average of $26.11 and a two-hundred day simple moving average of $26.98. The company has a market cap of $3.03 billion, a price-to-earnings ratio of -331.60, a PEG ratio of 4.77 and a beta of -0.01. The company has a quick ratio of 0.44, a current ratio of 0.69 and a debt-to-equity ratio of 2.08.

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

BBB Foods Company Profile

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.