Deutsche Bank AG Purchases 11,500 Shares of BBB Foods Inc. $TBBB

Key Points

• Deutsche Bank AG increased its position in BBB Foods Inc. by 104.5% during the first quarter, acquiring 11,500 additional shares to reach a total of 22,500 shares valued at approximately $600,000.
• Several institutional investors have adjusted their stakes, with notable increases from Tempus Wealth Planning (4.7%), J.Safra Asset Management (6.4%), and Verdence Capital Advisors (15.3%) in the first quarter.
• BBB Foods recently reported a net loss with earnings per share of ($0.13), missing expectations, and had a revenue significantly lower than analyst estimates, leading to a mixed consensus rating among analysts.

Deutsche Bank AG boosted its position in BBB Foods Inc. (NYSE:TBBB - Free Report) by 104.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,500 shares of the company's stock after buying an additional 11,500 shares during the period. Deutsche Bank AG's holdings in BBB Foods were worth $600,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TBBB. TT International Asset Management LTD acquired a new position in BBB Foods in the first quarter valued at $15,261,000. Ameriprise Financial Inc. lifted its holdings in BBB Foods by 146.1% in the fourth quarter. Ameriprise Financial Inc. now owns 943,857 shares of the company's stock valued at $26,692,000 after buying an additional 560,280 shares during the period. Driehaus Capital Management LLC lifted its holdings in BBB Foods by 17.4% in the fourth quarter. Driehaus Capital Management LLC now owns 1,567,285 shares of the company's stock valued at $44,323,000 after buying an additional 232,443 shares during the period. Teacher Retirement System of Texas lifted its holdings in BBB Foods by 24.9% in the first quarter. Teacher Retirement System of Texas now owns 1,162,695 shares of the company's stock valued at $31,021,000 after buying an additional 231,589 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in BBB Foods in the fourth quarter valued at $3,676,000. Institutional investors and hedge funds own 8.42% of the company's stock.

BBB Foods Stock Up 1.0%

TBBB traded up $0.27 during midday trading on Friday, hitting $26.73. The company had a trading volume of 530,962 shares, compared to its average volume of 565,798. BBB Foods Inc. has a 52 week low of $23.00 and a 52 week high of $35.22. The company has a quick ratio of 0.44, a current ratio of 0.69 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of -334.13, a PEG ratio of 4.77 and a beta of -0.02. The stock's 50 day moving average price is $26.11 and its 200 day moving average price is $27.00.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its quarterly 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 the consensus estimate of $17.98 billion. On average, research analysts anticipate that BBB Foods Inc. will post 0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TBBB shares. The Goldman Sachs Group upgraded shares of BBB Foods to a "hold" rating in a report on Wednesday, July 9th. Wall Street Zen lowered shares of BBB Foods from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Finally, UBS Group lifted their price target on shares of BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $33.60.

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.