Immersion Capital LLP Buys New Stake in BBB Foods Inc. $TBBB

Key Points

• Immersion Capital LLP has taken a new position in BBB Foods Inc. by acquiring 16,500 shares valued at approximately $440,000, making it the firm’s 10th largest holding.
• Recent ratings from analysts show a downgrade to "sell" by Wall Street Zen and an upgrade to "hold" by Goldman Sachs, with an average target price of $33.60.
• BBB Foods reported a loss per share of ($0.13) for its last quarter, significantly missing analyst expectations and indicating challenges in its financial performance.

Immersion Capital LLP acquired a new position in BBB Foods Inc. (NYSE:TBBB - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 16,500 shares of the company's stock, valued at approximately $440,000. BBB Foods makes up 0.3% of Immersion Capital LLP's holdings, making the stock its 10th largest holding.

A number of other institutional investors have also added to or reduced their stakes in TBBB. Jump Financial LLC bought a new stake in shares of BBB Foods in the first quarter worth about $2,284,000. TT International Asset Management LTD bought a new stake in BBB Foods in the 1st quarter worth approximately $15,261,000. Entropy Technologies LP bought a new stake in BBB Foods in the 1st quarter worth approximately $461,000. VELA Investment Management LLC grew its position in shares of BBB Foods by 66.7% during the 1st quarter. VELA Investment Management LLC now owns 25,000 shares of the company's stock valued at $667,000 after acquiring an additional 10,000 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of BBB Foods by 104.5% during the 1st quarter. Deutsche Bank AG now owns 22,500 shares of the company's stock valued at $600,000 after buying an additional 11,500 shares in the last quarter. Institutional investors own 8.42% of the company's stock.

BBB Foods Price Performance

TBBB traded down $0.30 on Tuesday, reaching $26.60. 287,257 shares of the company's stock were exchanged, compared to its average volume of 764,021. The stock has a market cap of $3.04 billion, a PE ratio of -332.51, a P/E/G ratio of 4.77 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 stock's fifty day moving average price is $26.11 and its 200-day moving average price is $26.98. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.69 and a quick ratio of 0.44.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its 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 firm had revenue of $1 billion during the quarter, compared to analyst estimates of $17.98 billion. Sell-side analysts expect that BBB Foods Inc. will post 0.15 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TBBB shares. UBS Group upped their target price on shares of BBB Foods from $32.00 to $33.00 and gave the company 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 research report on Saturday, August 2nd. Finally, The Goldman Sachs Group upgraded shares of BBB Foods to a "hold" rating in a research note on Wednesday, July 9th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average 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.