BBB Foods Inc. $TBBB Shares Acquired by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. increased its stake in BBB Foods Inc. by 276.8% during the first quarter, owning a total of 156,526 shares valued at approximately $4.18 million.
• BBB Foods reported a quarterly loss of ($0.13) EPS, falling short of analysts' estimates, and generated revenue of only $1 billion compared to expectations of nearly $18 billion.
• Analysts have mixed ratings on BBB Foods, with consensus ratings reflecting a "Moderate Buy" and an average price target of $33.75.

Goldman Sachs Group Inc. increased its stake in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 276.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 156,526 shares of the company's stock after acquiring an additional 114,990 shares during the quarter. Goldman Sachs Group Inc. owned about 0.14% of BBB Foods worth $4,176,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TBBB. Tempus Wealth Planning LLC grew its holdings in BBB Foods by 4.7% during the 1st quarter. Tempus Wealth Planning LLC now owns 12,703 shares of the company's stock worth $339,000 after acquiring an additional 571 shares during the last quarter. J.Safra Asset Management Corp lifted its position in BBB Foods by 6.4% during the 1st quarter. J.Safra Asset Management Corp now owns 10,925 shares of the company's stock worth $291,000 after buying an additional 661 shares in the last quarter. Banque Transatlantique SA bought a new stake in shares of BBB Foods in the 1st quarter valued at about $25,000. Verdence Capital Advisors LLC raised its stake in BBB Foods by 15.3% in the 1st quarter. Verdence Capital Advisors LLC now owns 8,566 shares of the company's stock valued at $229,000 after acquiring an additional 1,136 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in BBB Foods by 124.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,140 shares of the company's stock valued at $57,000 after acquiring an additional 1,187 shares during the period. Institutional investors own 8.42% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TBBB shares. The Goldman Sachs Group upgraded BBB Foods to a "hold" rating in a research report on Wednesday, July 9th. 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 note on Wednesday, June 4th. Finally, Wall Street Zen cut BBB Foods from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $33.75.

BBB Foods Stock Performance

Shares of NYSE TBBB traded down $0.28 during midday trading on Friday, hitting $25.59. 404,178 shares of the stock traded hands, compared to its average volume of 441,992. BBB Foods Inc. has a one year low of $23.00 and a one year high of $35.22. The firm has a 50-day moving average of $25.91 and a two-hundred day moving average of $26.88. 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 firm has a market capitalization of $2.92 billion, a P/E ratio of -319.88 and a beta of -0.01.

BBB Foods (NYSE:TBBB - Get Free Report) last issued its earnings results 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). The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $17.98 billion. BBB Foods had a negative return on equity of 3.07% and a negative net margin of 0.19%. On average, equities analysts forecast that BBB Foods Inc. will post 0.15 EPS 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.