Point72 Europe London LLP Invests $4 Million in BBB Foods Inc. $TBBB

Key Points

• Point72 Europe London LLP acquired 150,000 shares of BBB Foods Inc. valued at approximately $4 million, representing a new position in the company.
• Despite some institutional investment, analysts gave BBB Foods a consensus rating of "Hold," with a recent downgrade to "Sell" by Wall Street Zen.
• In its latest earnings report, BBB Foods missed consensus estimates with an EPS of ($0.13) against expectations of ($0.04), raising concerns about its financial performance.

Point72 Europe London LLP acquired a new position in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 150,000 shares of the company's stock, valued at approximately $4,002,000. Point72 Europe London LLP owned about 0.13% of BBB Foods at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TBBB. The Manufacturers Life Insurance Company boosted its stake in shares of BBB Foods by 0.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 547,642 shares of the company's stock worth $15,487,000 after buying an additional 1,960 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in BBB Foods by 1.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 107,739 shares of the company's stock valued at $3,047,000 after purchasing an additional 1,655 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in BBB Foods by 146.1% in the 4th quarter. Ameriprise Financial Inc. now owns 943,857 shares of the company's stock valued at $26,692,000 after purchasing an additional 560,280 shares during the last quarter. Driehaus Capital Management LLC lifted its stake in BBB Foods by 17.4% in the 4th quarter. Driehaus Capital Management LLC now owns 1,567,285 shares of the company's stock valued at $44,323,000 after purchasing an additional 232,443 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in BBB Foods in the 4th quarter valued at about $3,676,000. 8.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TBBB has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of BBB Foods from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. The Goldman Sachs Group upgraded shares of BBB Foods to a "hold" rating in a research note on Wednesday, July 9th. Finally, UBS Group raised their target price on shares of BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $33.60.

BBB Foods Stock Performance

BBB Foods stock traded down $0.30 during trading hours on Tuesday, hitting $26.60. The company had a trading volume of 287,257 shares, compared to its average volume of 530,182. The firm has a market cap of $3.04 billion, a PE ratio of -332.51, a PEG ratio of 13.58 and a beta of -0.01. 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 Inc. has a one year low of $23.00 and a one year high of $35.22. The firm has a 50-day moving average of $26.11 and a 200 day moving average of $26.98.

BBB Foods (NYSE:TBBB - Get Free Report) last released 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 company had revenue of $1 billion during the quarter, compared to the consensus estimate 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, sell-side analysts expect that BBB Foods Inc. will post 0.15 earnings per share for the current 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.