60,000 Shares in BBB Foods Inc. $TBBB Bought by Hiddenite Capital Partners LP

Key Points

• Hiddenite Capital Partners LP acquired a new stake in BBB Foods Inc., purchasing 60,000 shares valued at approximately $1.6 million, making it the fund's 27th largest position.
• BBB Foods reported a loss of $0.13 earnings per share (EPS) for the most recent quarter, missing analyst estimates, with a revenue of $1 billion.
• Analysts have mixed ratings on BBB Foods, with a consensus rating of “Hold” and an average target price of $33.60, reflecting differing opinions about its potential.

Hiddenite Capital Partners LP acquired a new position in BBB Foods Inc. (NYSE:TBBB - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 60,000 shares of the company's stock, valued at approximately $1,601,000. BBB Foods makes up 0.6% of Hiddenite Capital Partners LP's portfolio, making the stock its 27th biggest holding. Hiddenite Capital Partners LP owned about 0.05% of BBB Foods as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the business. Tempus Wealth Planning LLC raised its position in BBB Foods by 4.7% in the first quarter. Tempus Wealth Planning LLC now owns 12,703 shares of the company's stock worth $339,000 after acquiring an additional 571 shares in the last quarter. J.Safra Asset Management Corp boosted its stake in shares of 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 acquiring an additional 661 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of BBB Foods by 15.3% during the 1st quarter. Verdence Capital Advisors LLC now owns 8,566 shares of the company's stock worth $229,000 after acquiring an additional 1,136 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of BBB Foods during the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 8.42% of the company's stock.

BBB Foods Trading Down 2.4%

TBBB traded down $0.63 during trading on Wednesday, hitting $26.01. The company's stock had a trading volume of 484,838 shares, compared to its average volume of 761,427. The stock has a market cap of $2.97 billion, a PE ratio of -325.10, a PEG ratio of 13.58 and a beta of -0.01. BBB Foods Inc. has a twelve month low of $23.00 and a twelve month high of $35.22. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.69 and a quick ratio of 0.44. The firm's 50 day moving average price is $26.11 and its 200-day moving average price is $26.98.

BBB Foods (NYSE:TBBB - Get Free Report) last released 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). 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 during the quarter, compared to analyst estimates of $17.98 billion. On average, analysts expect that BBB Foods Inc. will post 0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TBBB shares. Wall Street Zen lowered BBB Foods from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. UBS Group boosted their price target 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, The Goldman Sachs Group upgraded BBB Foods to a "hold" rating in a research report on Wednesday, July 9th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $33.60.

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.