BBB Foods Inc. $TBBB Shares Sold by Axiom Investors LLC DE

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 lowered its position in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 45.5% in the first quarter, according to its most recent Form 13F 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 approximately 0.44% of BBB Foods worth $13,437,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of analysts have recently commented on TBBB shares. The Goldman Sachs Group upgraded BBB Foods to a "hold" rating in a research report on Wednesday, July 9th. UBS Group boosted their price target on 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 lowered BBB Foods from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, BBB Foods presently has an average rating of "Hold" and an average target price of $33.60.

BBB Foods Stock Up 0.6%

Shares of NYSE TBBB opened at $26.15 on Monday. BBB Foods Inc. has a 1 year low of $23.00 and a 1 year high of $35.22. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of -326.83 and a beta of -0.01. 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 stock's 50-day simple moving average is $26.02 and its 200-day simple moving average is $26.92.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its 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 company had revenue of $1 billion for the quarter, compared to the consensus estimate 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 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.

Want to see what other hedge funds are holding TBBB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BBB Foods Inc. (NYSE:TBBB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.