Immersion Capital LLP Takes Position 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 shares of BBB Foods Inc. (NYSE:TBBB - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 16,500 shares of the company's stock, valued at approximately $440,000. BBB Foods makes up about 0.3% of Immersion Capital LLP's portfolio, making the stock its 10th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Tempus Wealth Planning LLC boosted its position in shares of 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 in the last quarter. J.Safra Asset Management Corp boosted its position in shares of BBB Foods by 6.4% in the 1st quarter. J.Safra Asset Management Corp now owns 10,925 shares of the company's stock valued at $291,000 after purchasing an additional 661 shares during the period. Verdence Capital Advisors LLC boosted its position in shares of 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 purchasing an additional 1,136 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of 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 purchasing an additional 1,187 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in shares of BBB Foods in the 1st quarter valued at about $37,000. 8.42% of the stock is owned by institutional investors and hedge funds.

BBB Foods Stock Performance

BBB Foods stock traded down $0.47 during mid-day trading on Wednesday, reaching $26.17. 185,003 shares of the company were exchanged, compared to its average volume of 760,461. BBB Foods Inc. has a twelve month low of $23.00 and a twelve month high of $35.22. The firm's 50-day simple moving average is $26.11 and its two-hundred day simple moving average is $26.98. 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 cap of $2.99 billion, a PE ratio of -327.19, a price-to-earnings-growth ratio of 13.58 and a beta of -0.01.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates 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. Equities analysts predict that BBB Foods Inc. will post 0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TBBB has been the subject of a number of research analyst reports. Wall Street Zen cut BBB Foods from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. UBS Group upped their target price on BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Finally, The Goldman Sachs Group raised BBB Foods to a "hold" rating in a research report on Wednesday, July 9th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, BBB Foods has a consensus rating of "Hold" and a consensus price target 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.