Jump Financial LLC Invests $2.28 Million 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 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 Securities & Exchange Commission. The fund acquired 85,617 shares of the company's stock, valued at approximately $2,284,000. Jump Financial LLC owned about 0.07% of BBB Foods as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in BBB Foods during the first quarter worth $37,000. Caitong International Asset Management Co. Ltd grew its holdings in 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 valued at $57,000 after buying an additional 1,187 shares during the last quarter. Summit Securities Group LLC acquired a new stake in BBB Foods during the 1st quarter valued at $96,000. Toronto Dominion Bank acquired a new stake in BBB Foods during the 4th quarter valued at $141,000. Finally, Blue Trust Inc. acquired a new stake in BBB Foods during the 1st quarter valued at $212,000. 8.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TBBB has been the topic of a number of analyst reports. Wall Street Zen cut BBB Foods from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. UBS Group increased their target price on BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Finally, The Goldman Sachs Group upgraded BBB Foods to a "hold" rating in a report on Wednesday, July 9th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, BBB Foods currently has a consensus rating of "Hold" and a consensus target price of $33.60.

BBB Foods Trading Up 1.0%

TBBB traded up $0.27 during trading on Monday, hitting $26.73. The company's stock had a trading volume of 530,962 shares, compared to its average volume of 568,267. The firm's 50 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. The stock has a market cap of $3.05 billion, a PE ratio of -334.13, a PEG 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.

BBB Foods (NYSE:TBBB - Get Free Report) last issued its quarterly 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). The business had revenue of $1 billion during the quarter, compared to analyst estimates of $17.98 billion. BBB Foods had a negative net margin of 0.19% and a negative return on equity of 3.07%. On average, analysts expect that BBB Foods Inc. will post 0.15 earnings per share for the current 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.