Quantbot Technologies LP Makes New Investment in BBB Foods Inc. $TBBB

Key Points

• Quantbot Technologies LP has acquired a new stake in BBB Foods Inc. (NYSE:TBBB), purchasing 15,575 shares valued at approximately $416,000 during the 1st quarter.
• According to recent analyst evaluations, BBB Foods received mixed ratings with UBS Group setting a price objective at $33.00, while Wall Street Zen downgraded the stock to a "sell" rating.
• BBB Foods reported a loss of ($0.13) EPS for the last quarter, falling short of analyst expectations, with revenue significantly lower than estimates at $1 billion.

Quantbot Technologies LP purchased a new stake in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,575 shares of the company's stock, valued at approximately $416,000.

Other large investors have also made changes to their positions in the company. TT International Asset Management LTD acquired a new position in shares of BBB Foods during the first quarter valued at $15,261,000. Entropy Technologies LP acquired a new position in shares of BBB Foods during the first quarter valued at $461,000. VELA Investment Management LLC lifted its stake in shares of BBB Foods by 66.7% during the first 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. Deutsche Bank AG bought a new stake in BBB Foods in the fourth quarter valued at about $311,000. Finally, Burkehill Global Management LP bought a new stake in BBB Foods in the first quarter valued at about $9,338,000. Institutional investors and hedge funds own 8.42% of the company's stock.

Wall Street Analysts Forecast Growth

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

BBB Foods Trading Up 1.0%

Shares of BBB Foods stock traded up $0.27 during trading hours on Friday, hitting $26.73. The company's stock had a trading volume of 530,962 shares, compared to its average volume of 565,798. BBB Foods Inc. has a 12 month low of $23.00 and a 12 month high of $35.22. The stock has a 50 day moving average of $26.11 and a 200 day moving average of $27.00. The company 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. 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 announced its quarterly earnings results on Monday, August 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $1 billion during the quarter, compared to the consensus estimate of $17.98 billion. Analysts predict 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.