BBB Foods Inc. $TBBB Shares Acquired by Millennium Management LLC

Key Points

• Millennium Management LLC significantly increased its stake in BBB Foods Inc. by 942.8%, acquiring over 1.2 million shares, bringing its total ownership to 1.09% valued at $33.1 million.
• BBB Foods reported a loss of ($0.13) earnings per share for the last quarter, missing analysts' expectations of ($0.04) by a wide margin, and had revenues of $1 billion against an expectation of $17.98 billion.
• Recent analyst ratings suggest a mixed outlook for BBB Foods, with price targets ranging from $32.00 to $33.00 and a consensus rating of "Moderate Buy".

Millennium Management LLC boosted its position in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 942.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,240,966 shares of the company's stock after buying an additional 1,121,959 shares during the period. Millennium Management LLC owned 1.09% of BBB Foods worth $33,109,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Tempus Wealth Planning LLC increased its position in BBB Foods by 4.7% during the first quarter. Tempus Wealth Planning LLC now owns 12,703 shares of the company's stock worth $339,000 after buying an additional 571 shares during the period. J.Safra Asset Management Corp increased its position in BBB Foods by 6.4% during the first quarter. J.Safra Asset Management Corp now owns 10,925 shares of the company's stock worth $291,000 after buying an additional 661 shares during the period. Banque Transatlantique SA acquired a new position in BBB Foods during the first quarter worth approximately $25,000. Verdence Capital Advisors LLC increased its position in BBB Foods by 15.3% during the first quarter. Verdence Capital Advisors LLC now owns 8,566 shares of the company's stock worth $229,000 after buying an additional 1,136 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its position in BBB Foods by 124.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,140 shares of the company's stock worth $57,000 after buying an additional 1,187 shares during the period. Institutional investors and hedge funds own 8.42% of the company's stock.

BBB Foods Trading Down 4.3%

Shares of TBBB stock opened at $25.01 on Thursday. The business's 50 day moving average is $25.91 and its two-hundred day moving average is $26.89. BBB Foods Inc. has a twelve month low of $23.00 and a twelve month high of $35.22. The company has a market capitalization of $2.86 billion, a P/E ratio of -312.56 and a beta of -0.01. The company has a current ratio of 0.69, a quick ratio of 0.44 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 for the quarter, missing the consensus estimate 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 company had revenue of $1 billion during the quarter, compared to analysts' expectations of $17.98 billion. Equities analysts forecast that BBB Foods Inc. will post 0.15 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. UBS Group lifted their price target on BBB Foods from $32.00 to $33.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Wall Street Zen lowered BBB Foods from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Finally, The Goldman Sachs Group raised BBB Foods to a "hold" rating in a research report on Wednesday, July 9th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $33.75.

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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