USS Investment Management Ltd Purchases 81,215 Shares of BBB Foods Inc. $TBBB

Key Points

• USS Investment Management Ltd increased its stake in BBB Foods Inc. by 13.4%, acquiring an additional 81,215 shares, bringing its total ownership to 685,950 shares worth approximately $18.29 million.
• Recent analyst ratings show mixed sentiments, with Wall Street Zen downgrading the rating from "hold" to "sell", whereas UBS Group raised the price target from $32 to $33.
• BBB Foods reported a quarterly loss of ($0.13) EPS, missing estimates, while also experiencing a significant revenue shortfall with $1 billion reported against a projection of $17.98 billion.

USS Investment Management Ltd boosted its position in BBB Foods Inc. (NYSE:TBBB - Free Report) by 13.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 685,950 shares of the company's stock after acquiring an additional 81,215 shares during the period. USS Investment Management Ltd owned 0.60% of BBB Foods worth $18,291,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Banque Transatlantique SA bought a new stake in shares of BBB Foods in the first quarter valued at approximately $25,000. FNY Investment Advisers LLC bought a new stake in BBB Foods during the 1st quarter valued at $37,000. Caitong International Asset Management Co. Ltd raised 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 acquiring an additional 1,187 shares during the period. Summit Securities Group LLC bought a new stake in BBB Foods during the 1st quarter valued at $96,000. Finally, Toronto Dominion Bank bought a new stake in shares of BBB Foods during the 4th quarter valued at $141,000. 8.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

BBB Foods Stock Up 0.6%

TBBB stock opened at $26.15 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.44 and a debt-to-equity ratio of 2.08. The company's 50 day moving average is $26.02 and its 200 day moving average is $26.93. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of -326.83 and a beta of -0.01. BBB Foods Inc. has a 1-year low of $23.00 and a 1-year 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) EPS for the quarter, missing analysts' consensus estimates 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 return on equity of 3.07% and a negative net margin of 0.19%. Sell-side analysts predict that BBB Foods Inc. will post 0.15 EPS for the current fiscal 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.

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