USS Investment Management Ltd Buys 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 raised its stake in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 13.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 685,950 shares of the company's stock after buying an additional 81,215 shares during the period. USS Investment Management Ltd owned about 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 modified their holdings of the business. Tempus Wealth Planning LLC raised its holdings in shares of BBB Foods by 4.7% during the 1st quarter. Tempus Wealth Planning LLC now owns 12,703 shares of the company's stock valued at $339,000 after purchasing an additional 571 shares in the last quarter. J.Safra Asset Management Corp raised its holdings in shares of BBB Foods by 6.4% during the 1st quarter. J.Safra Asset Management Corp now owns 10,925 shares of the company's stock valued at $291,000 after purchasing an additional 661 shares in the last quarter. Banque Transatlantique SA bought a new position in shares of BBB Foods during the 1st quarter valued at $25,000. Verdence Capital Advisors LLC raised its holdings in shares of BBB Foods by 15.3% during the 1st quarter. Verdence Capital Advisors LLC now owns 8,566 shares of the company's stock valued at $229,000 after purchasing an additional 1,136 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 purchasing an additional 1,187 shares in the last quarter. Institutional investors own 8.42% of the company's stock.

BBB Foods Stock Performance

TBBB traded down $0.56 during trading on Friday, hitting $26.29. The stock had a trading volume of 99,517 shares, compared to its average volume of 752,692. The firm has a market cap of $3.00 billion, a PE ratio of -328.63 and a beta of -0.01. BBB Foods Inc. has a 12 month low of $23.00 and a 12 month high of $35.22. 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 has a 50 day simple moving average of $25.89 and a 200-day simple moving average of $26.88.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1 billion for the quarter, compared to the consensus estimate of $17.98 billion. Analysts expect that BBB Foods Inc. will post 0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

TBBB has been the topic of a number of recent research reports. The Goldman Sachs Group upgraded shares of BBB Foods to a "hold" rating in a report on Wednesday, July 9th. UBS Group lifted their target price on shares of BBB Foods from $32.00 to $33.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Finally, Wall Street Zen downgraded shares of BBB Foods from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $33.75.

BBB Foods 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.