Squarepoint Ops LLC Has $2.51 Million Stock Position in BBB Foods Inc. $TBBB

Key Points

• Squarepoint Ops LLC increased its BBB Foods stake by 293.9% in the second quarter, holding 60,342 shares valued at approximately $2.51 million. Institutional investors and hedge funds collectively own 8.42% of the company.
• BBB Foods shares rose 2.1% to $51.52, near their 12-month high of $52.22. The stock has a market capitalization of $6.11 billion, while its financial position remains pressured by negative profitability and a debt-to-equity ratio of 2.16.
• Analyst sentiment is broadly positive, with seven Buy ratings, two Holds and one Sell, producing a “Moderate Buy” consensus and a $50.50 target price. However, the company’s latest quarterly EPS loss of $0.19 missed estimates despite revenue exceeding expectations.

Squarepoint Ops LLC grew its stake in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 293.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 60,342 shares of the company's stock after buying an additional 45,024 shares during the quarter. Squarepoint Ops LLC owned approximately 0.05% of BBB Foods worth $2,514,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of BBB Foods in the 4th quarter valued at $89,000. Global Retirement Partners LLC bought a new stake in BBB Foods during the 4th quarter worth $136,000. Banco BTG Pactual S.A. bought a new stake in BBB Foods during the 4th quarter worth $334,000. Royal Bank of Canada grew its position in BBB Foods by 19.6% during the 1st quarter. Royal Bank of Canada now owns 11,415 shares of the company's stock worth $404,000 after acquiring an additional 1,874 shares during the last quarter. Finally, Savant Capital LLC increased its holdings in BBB Foods by 6.7% in the 4th quarter. Savant Capital LLC now owns 12,540 shares of the company's stock worth $419,000 after purchasing an additional 792 shares in the last quarter. 8.42% of the stock is currently owned by institutional investors and hedge funds.

BBB Foods Stock Up 2.1%

Shares of NYSE:TBBB opened at $51.52 on Tuesday. The firm has a market cap of $6.11 billion, a P/E ratio of -32.00 and a beta of 0.05. BBB Foods Inc. has a 12-month low of $23.81 and a 12-month high of $52.22. The business has a fifty day simple moving average of $45.02 and a 200 day simple moving average of $40.01. The company has a quick ratio of 0.44, a current ratio of 0.68 and a debt-to-equity ratio of 2.16.

BBB Foods (NYSE:TBBB - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.03). The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.42 billion. BBB Foods had a negative net margin of 3.68% and a negative return on equity of 72.47%. Analysts predict that BBB Foods Inc. will post -0.63 earnings per share for the current year.

Insider Activity at BBB Foods

In related news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the company's stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $51.00, for a total value of $388,773.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Analyst Ratings Changes

Several equities analysts have commented on TBBB shares. Scotiabank reiterated an "outperform" rating and issued a $65.00 target price on shares of BBB Foods in a research report on Thursday, August 27th. Citigroup restated a "buy" rating on shares of BBB Foods in a report on Monday. UBS Group upped their price objective on BBB Foods from $51.00 to $58.00 and gave the company a "buy" rating in a research note on Friday, August 28th. Weiss Ratings reiterated a "sell (d+)" rating on shares of BBB Foods in a report on Wednesday, June 24th. Finally, Zacks Research upgraded shares of BBB Foods from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $50.50.

BBB Foods Profile

BBB Foods Inc is a Mexico-based discount retailer that operates under the Tiendas 3B brand. The company serves consumers through neighborhood stores offering everyday necessities at affordable prices, with a focus on convenience, value and accessible locations.

Tiendas 3B stores sell a range of groceries, household products, personal-care items and other frequently purchased consumer goods. The business emphasizes a hard-discount retail model, including a selection of private-label and branded products, streamlined store formats and cost-conscious operations.

BBB Foods was founded in Mexico and has expanded its store network across the country.

Want to see what other hedge funds are holding TBBB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BBB Foods Inc. (NYSE:TBBB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.