Ghisallo Capital Management LLC Buys 300,000 Shares of BBB Foods Inc. $TBBB

Key Points

• Ghisallo Capital Management LLC significantly increased its position in BBB Foods Inc. by 150% to 500,000 shares, valued at approximately $13.34 million. This investment represents 1.2% of their overall portfolio.
• Several institutional investors, including Ameriprise Financial Inc. and Driehaus Capital Management LLC, have also increased their holdings in BBB Foods during the first quarter, indicating strong institutional interest in the stock.
• Despite recent institutional investments, BBB Foods has received mixed reviews from analysts, with a current average rating of "Hold" and a consensus target price of $33.60.

Ghisallo Capital Management LLC increased its stake in BBB Foods Inc. (NYSE:TBBB - Free Report) by 150.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 500,000 shares of the company's stock after purchasing an additional 300,000 shares during the quarter. BBB Foods makes up 1.2% of Ghisallo Capital Management LLC's investment portfolio, making the stock its 23rd largest holding. Ghisallo Capital Management LLC owned about 0.44% of BBB Foods worth $13,340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TBBB. FNY Investment Advisers LLC purchased a new position in BBB Foods in the 1st quarter worth about $37,000. Caitong International Asset Management Co. Ltd boosted its position in BBB Foods by 124.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,140 shares of the company's stock worth $57,000 after acquiring an additional 1,187 shares during the period. Summit Securities Group LLC acquired a new stake in BBB Foods during the 1st quarter worth about $96,000. Toronto Dominion Bank acquired a new stake in BBB Foods during the 4th quarter worth about $141,000. Finally, Blue Trust Inc. acquired a new stake in BBB Foods during the 1st quarter worth about $212,000. Hedge funds and other institutional investors own 8.42% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. UBS Group raised their price objective on BBB Foods from $32.00 to $33.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Wall Street Zen lowered BBB Foods from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Finally, The Goldman Sachs Group upgraded BBB Foods to a "hold" rating in a report on Wednesday, July 9th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $33.60.

BBB Foods Trading Down 2.4%

Shares of TBBB stock traded down $0.63 during trading hours on Wednesday, reaching $26.01. 484,852 shares of the company's stock were exchanged, compared to its average volume of 530,182. BBB Foods Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $35.22. The business has a fifty day moving average price of $26.08 and a 200-day moving average price of $26.97. The company has a quick ratio of 0.44, a current ratio of 0.69 and a debt-to-equity ratio of 2.08.

BBB Foods (NYSE:TBBB - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.09). BBB Foods had a negative return on equity of 3.07% and a negative net margin of 0.19%.The company had revenue of $1 billion for the quarter, compared to analyst estimates of $17.98 billion. On average, equities analysts predict that BBB Foods Inc. will post 0.15 earnings per share for the current year.

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.