Jump Financial LLC Makes New Investment in BBB Foods Inc. $TBBB

Key Points

• Jump Financial LLC acquired a new stake in BBB Foods Inc., purchasing 85,617 shares valued at approximately $2.28 million, representing around 0.07% of the company's shares.
• Several institutional investors, including Ameriprise Financial Inc. and TT International Asset Management LTD, significantly increased their positions in BBB Foods during the first quarter, indicating growing interest in the company.
• Despite recent investment activities, analysts have mixed sentiments, with reports showing BBB Foods moving from a "hold" to a "sell" rating by some, while others maintain a "neutral" stance with a price target of $33.60.

Jump Financial LLC bought a new position in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 85,617 shares of the company's stock, valued at approximately $2,284,000. Jump Financial LLC owned about 0.07% of BBB Foods at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ameriprise Financial Inc. lifted its position in shares of BBB Foods by 73.2% during the 1st quarter. Ameriprise Financial Inc. now owns 1,634,417 shares of the company's stock worth $43,606,000 after buying an additional 690,560 shares during the last quarter. Driehaus Capital Management LLC grew its position in BBB Foods by 17.4% in the fourth quarter. Driehaus Capital Management LLC now owns 1,567,285 shares of the company's stock valued at $44,323,000 after acquiring an additional 232,443 shares during the last quarter. Teacher Retirement System of Texas raised its stake in BBB Foods by 24.9% during the first quarter. Teacher Retirement System of Texas now owns 1,162,695 shares of the company's stock worth $31,021,000 after acquiring an additional 231,589 shares in the last quarter. USS Investment Management Ltd lifted its holdings in shares of BBB Foods by 14.8% in the fourth quarter. USS Investment Management Ltd now owns 604,735 shares of the company's stock worth $17,132,000 after acquiring an additional 77,752 shares during the last quarter. Finally, TT International Asset Management LTD bought a new position in shares of BBB Foods in the first quarter worth about $15,261,000. Institutional investors own 8.42% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TBBB. Wall Street Zen lowered shares of BBB Foods from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. The Goldman Sachs Group upgraded shares of BBB Foods to a "hold" rating in a research report on Wednesday, July 9th. Finally, UBS Group boosted their target price on shares of BBB Foods from $32.00 to $33.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, BBB Foods has an average rating of "Hold" and an average target price of $33.60.

BBB Foods Trading Up 1.0%

TBBB traded up $0.27 during trading on Friday, reaching $26.73. 530,962 shares of the company's stock were exchanged, compared to its average volume of 565,798. The company has a current ratio of 0.69, a quick ratio of 0.44 and a debt-to-equity ratio of 2.08. BBB Foods Inc. has a one year low of $23.00 and a one year high of $35.22. The firm has a fifty day moving average price of $26.11 and a two-hundred day moving average price of $27.00. The stock has a market capitalization of $3.05 billion, a PE ratio of -334.13, a price-to-earnings-growth ratio of 4.77 and a beta of -0.02.

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