Axiom Investors LLC DE Lowers Stock Holdings in BBB Foods Inc. $TBBB

Key Points

• Axiom Investors LLC DE reduced its stake in BBB Foods Inc. by 45.5%, selling 420,941 shares and maintaining ownership of approximately 503,627 shares valued at $13.4 million.
• Analysts have mixed views on BBB Foods, with Goldman Sachs upgrading it to a "hold" while Wall Street Zen downgraded it to a "sell," resulting in an average target price of $33.60.
• BBB Foods' stock recently opened at $26.15, with a one-year high of $35.22 and earnings reported at ($0.13) per share, missing estimates by ($0.09).

Axiom Investors LLC DE trimmed its position in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 45.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 503,627 shares of the company's stock after selling 420,941 shares during the quarter. Axiom Investors LLC DE owned 0.44% of BBB Foods worth $13,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Jump Financial LLC purchased a new position in BBB Foods during the 1st quarter worth $2,284,000. TT International Asset Management LTD purchased a new position in shares of BBB Foods in the 1st quarter worth about $15,261,000. Deutsche Bank AG boosted its holdings in shares of BBB Foods by 104.5% in the 1st quarter. Deutsche Bank AG now owns 22,500 shares of the company's stock worth $600,000 after buying an additional 11,500 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of BBB Foods in the 1st quarter worth about $461,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of BBB Foods by 73.2% in the 1st quarter. Ameriprise Financial Inc. now owns 1,634,417 shares of the company's stock worth $43,606,000 after buying an additional 690,560 shares during the last quarter. 8.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TBBB. UBS Group boosted their price target on shares of BBB Foods from $32.00 to $33.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Wall Street Zen downgraded shares of BBB Foods from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Finally, The Goldman Sachs Group raised shares of BBB Foods to a "hold" rating in a report on Wednesday, July 9th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.75.

BBB Foods Stock Performance

NYSE TBBB traded down $0.67 during trading on Friday, hitting $26.18. 266,942 shares of the company's stock traded hands, compared to its average volume of 479,596. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of -327.23 and a beta of -0.01. BBB Foods Inc. has a 12-month low of $23.00 and a 12-month high of $35.22. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.44 and a current ratio of 0.69. The business has a 50 day moving average of $25.86 and a 200-day moving average of $26.87.

BBB Foods (NYSE:TBBB - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.09). The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $17.98 billion. BBB Foods had a negative net margin of 0.19% and a negative return on equity of 3.07%. As a group, equities research analysts anticipate 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.