Carmignac Gestion Buys Shares of 106,965 BBB Foods Inc. $TBBB

Key Points

• Carmignac Gestion initiated a position of 106,965 BBB Foods shares valued at approximately $3.78 million, while other institutional investors also increased or established holdings. Institutional investors and hedge funds collectively own 8.42% of the company.
• BBB Foods reported quarterly revenue of $1.28 billion, slightly above estimates, but its adjusted loss of $0.27 per share missed expectations of $0.24. Analysts project a full-year loss of $0.61 per share.
• Despite the earnings shortfall, analyst sentiment is positive: the stock has a “Moderate Buy” consensus rating and a $44.12 average price target, compared with its recent price of $41.21.

Carmignac Gestion bought a new stake in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 106,965 shares of the company's stock, valued at approximately $3,778,000. Carmignac Gestion owned about 0.09% of BBB Foods at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Sei Investments Co. raised its holdings in BBB Foods by 10.7% in the first quarter. Sei Investments Co. now owns 748,627 shares of the company's stock valued at $26,479,000 after acquiring an additional 72,646 shares in the last quarter. Bronte Capital Management Pty Ltd. bought a new position in BBB Foods during the 4th quarter valued at $13,161,000. Principal Financial Group Inc. acquired a new position in BBB Foods during the 1st quarter worth $65,967,000. Deltec Asset Management LLC grew its holdings in BBB Foods by 239.7% during the 4th quarter. Deltec Asset Management LLC now owns 44,500 shares of the company's stock worth $1,486,000 after acquiring an additional 31,400 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in BBB Foods by 64.3% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 371,642 shares of the company's stock worth $13,145,000 after acquiring an additional 145,412 shares in the last quarter. Institutional investors and hedge funds own 8.42% of the company's stock.

BBB Foods Stock Down 0.3%

TBBB stock opened at $41.21 on Monday. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of -26.59 and a beta of -0.02. BBB Foods Inc. has a 1-year low of $23.81 and a 1-year high of $43.81. The firm has a fifty day moving average price of $40.40 and a two-hundred day moving average price of $37.41. The company has a debt-to-equity ratio of 2.76, a current ratio of 0.60 and a quick ratio of 0.35.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.03). BBB Foods had a negative return on equity of 79.86% and a negative net margin of 3.95%.The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. Research analysts predict that BBB Foods Inc. will post -0.61 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TBBB shares. Scotiabank boosted their target price on shares of BBB Foods from $37.00 to $48.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 5th. HSBC upgraded BBB Foods from a "hold" rating to a "buy" rating and lifted their price target for the stock from $38.00 to $47.00 in a research note on Wednesday, May 27th. JPMorgan Chase & Co. boosted their price objective on BBB Foods from $46.00 to $48.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Citigroup began coverage on BBB Foods in a research note on Friday. They set a "buy" rating and a $49.00 price objective on the stock. Finally, Zacks Research raised BBB Foods from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $44.12.

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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.

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