Eleva Capital SAS Acquires 166,147 Shares of BBB Foods Inc. $TBBB

Key Points

• Eleva Capital SAS acquired 166,147 BBB Foods shares worth approximately $8.75 million, making the stock 7.3% of its portfolio and its sixth-largest holding. Institutional investors collectively own 8.42% of BBB Foods.
• BBB Foods shares recently traded at $53.89, near their 52-week high of $54.74, while the company reported quarterly revenue of $1.49 billion but missed earnings expectations with a loss of $0.19 per share.
• Analyst sentiment remains generally positive, with seven Buy ratings, two Holds and one Sell; the consensus rating is “Moderate Buy,” though the average price target of $50.50 is below the recent share price.

Eleva Capital SAS bought a new position in BBB Foods Inc. (NYSE:TBBB - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 166,147 shares of the company's stock, valued at approximately $8,746,000. BBB Foods accounts for approximately 7.3% of Eleva Capital SAS's holdings, making the stock its 6th biggest position. Eleva Capital SAS owned about 0.14% of BBB Foods as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in BBB Foods during the fourth quarter worth about $89,000. Banco BTG Pactual S.A. acquired a new stake in BBB Foods during the 4th quarter worth approximately $334,000. Royal Bank of Canada raised its holdings in BBB Foods by 19.6% in the first quarter. Royal Bank of Canada now owns 11,415 shares of the company's stock valued at $404,000 after buying an additional 1,874 shares during the period. State of Wyoming lifted its position in BBB Foods by 228.4% during the first quarter. State of Wyoming now owns 13,640 shares of the company's stock valued at $482,000 after buying an additional 9,487 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in shares of BBB Foods in the fourth quarter worth $565,000. Institutional investors and hedge funds own 8.42% of the company's stock.

BBB Foods Stock Up 0.0%

Shares of BBB Foods stock traded up $0.02 on Tuesday, hitting $53.89. 152,936 shares of the company's stock traded hands, compared to its average volume of 658,229. BBB Foods Inc. has a 52-week low of $23.81 and a 52-week high of $54.74. The company has a quick ratio of 0.44, a current ratio of 0.68 and a debt-to-equity ratio of 2.16. The stock has a market cap of $6.39 billion, a P/E ratio of -33.47 and a beta of 0.02. The firm's 50-day moving average is $48.45 and its 200 day moving average is $41.90.

BBB Foods (NYSE:TBBB - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.03). BBB Foods had a negative return on equity of 72.47% and a negative net margin of 3.68%.The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.42 billion. Equities analysts anticipate that BBB Foods Inc. will post -0.62 earnings per share for the current year.

Insiders Place Their Bets

In other BBB Foods news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the company's stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $51.00, for a total transaction of $388,773.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group upped their price target on shares of BBB Foods from $51.00 to $58.00 and gave the stock a "buy" rating in a research report on Friday, August 28th. Scotiabank restated an "outperform" rating and set a $65.00 price objective on shares of BBB Foods in a research note on Thursday, August 27th. JPMorgan Chase & Co. upped their target price on BBB Foods from $48.00 to $67.00 and gave the stock an "overweight" rating in a research report on Thursday, September 10th. Zacks Research upgraded BBB Foods from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of BBB Foods in a research report on Monday, September 21st. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, BBB Foods has an average rating of "Moderate Buy" and a consensus price target of $50.50.

BBB Foods Company Profile

BBB Foods Inc operates Tiendas 3B, a hard-discount grocery retail chain in Mexico. The company serves value-conscious consumers through small-format neighborhood stores focused on convenient locations, a streamlined shopping experience and everyday low prices.

Tiendas 3B stores offer a selection of essential grocery and household products, including packaged foods, beverages, personal-care items, cleaning supplies and other daily necessities. The assortment combines private-label merchandise with branded products, and certain locations also carry fresh or perishable goods.

BBB Foods was established to develop the hard-discount retail model in Mexico and has expanded its store network across the country, primarily in urban and suburban communities.

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