TT International Asset Management LTD Purchases 111,978 Shares of BBB Foods Inc. $TBBB

Key Points

• TT International Asset Management LTD increased its investment in BBB Foods Inc. (NYSE:TBBB) by 19.6%, making it the eighth largest position in their portfolio with a total of 683,977 shares valued at approximately $18.99 million.
• Shares of BBB Foods opened at $26.27 with a market capitalization of $3 billion, and the company reported a negative earnings per share of ($0.13) for the last quarter.
• Analysts maintain a Moderate Buy rating for BBB Foods, with an average price target of $33.75, despite a recent downgrade by Wall Street Zen from "hold" to "sell."

TT International Asset Management LTD lifted its position in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 19.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 683,977 shares of the company's stock after purchasing an additional 111,978 shares during the quarter. BBB Foods comprises approximately 3.6% of TT International Asset Management LTD's holdings, making the stock its 8th largest holding. TT International Asset Management LTD owned approximately 0.60% of BBB Foods worth $18,987,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Banque Transatlantique SA purchased a new stake in shares of BBB Foods during the 1st quarter worth about $25,000. FNY Investment Advisers LLC purchased a new position in BBB Foods in the 1st quarter worth approximately $37,000. Caitong International Asset Management Co. Ltd boosted its holdings in BBB Foods by 124.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,140 shares of the company's stock worth $57,000 after acquiring an additional 1,187 shares during the period. Summit Securities Group LLC purchased a new position in BBB Foods in the 1st quarter worth approximately $96,000. Finally, Toronto Dominion Bank purchased a new position in BBB Foods in the 4th quarter worth approximately $141,000. Hedge funds and other institutional investors own 8.42% of the company's stock.

BBB Foods Stock Up 1.8%

Shares of TBBB traded up $0.45 during trading on Monday, reaching $25.94. The company's stock had a trading volume of 224,821 shares, compared to its average volume of 438,111. The company has a fifty day moving average of $25.94 and a two-hundred day moving average of $26.90. BBB Foods Inc. has a twelve month low of $23.00 and a twelve month high of $35.22. The company has a market cap of $2.96 billion, a price-to-earnings ratio of -324.25 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). BBB Foods had a negative net margin of 0.19% and a negative return on equity of 3.07%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $17.98 billion. On average, sell-side analysts predict that BBB Foods Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wall Street Zen cut BBB Foods from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. The Goldman Sachs Group upgraded BBB Foods to a "hold" rating in a report on Wednesday, July 9th. Finally, UBS Group upped their price target on BBB Foods from $32.00 to $33.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, BBB Foods has a consensus rating of "Moderate Buy" and a consensus target price of $33.75.

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.