Walleye Capital LLC Purchases Shares of 70,078 BBB Foods Inc. $TBBB

Key Points

• Walleye Capital LLC has acquired a new position in BBB Foods Inc., purchasing 70,078 shares valued at approximately $1.87 million, which represents 0.06% of the company.
• Several large investors, including Ameriprise Financial Inc., have significantly increased their holdings in BBB Foods, indicating growing institutional interest.
• BBB Foods reported a loss of $0.13 earnings per share for the last quarter, missing expectations, and analysts project a target price of $33.60 for the stock.

Walleye Capital LLC bought a new position in BBB Foods Inc. (NYSE:TBBB - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 70,078 shares of the company's stock, valued at approximately $1,870,000. Walleye Capital LLC owned approximately 0.06% of BBB Foods at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mariner LLC bought a new stake in shares of BBB Foods during the fourth quarter valued at approximately $611,000. The Manufacturers Life Insurance Company boosted its stake in BBB Foods by 0.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 547,642 shares of the company's stock valued at $15,487,000 after acquiring an additional 1,960 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in BBB Foods by 1.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 107,739 shares of the company's stock valued at $3,047,000 after acquiring an additional 1,655 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of BBB Foods by 146.1% during the fourth quarter. Ameriprise Financial Inc. now owns 943,857 shares of the company's stock worth $26,692,000 after purchasing an additional 560,280 shares in the last quarter. Finally, Driehaus Capital Management LLC boosted its position in shares of BBB Foods by 17.4% during the fourth quarter. Driehaus Capital Management LLC now owns 1,567,285 shares of the company's stock worth $44,323,000 after purchasing an additional 232,443 shares in the last quarter. 8.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wall Street Zen lowered shares of BBB Foods from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. UBS Group raised their price objective 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, The Goldman Sachs Group upgraded shares of 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 assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $33.60.

BBB Foods Stock Performance

Shares of TBBB traded down $0.40 during midday trading on Tuesday, reaching $26.51. The stock had a trading volume of 121,349 shares, compared to its average volume of 763,017. The firm has a 50 day simple moving average of $26.11 and a 200-day simple moving average of $26.98. BBB Foods Inc. has a one year low of $23.00 and a one year high of $35.22. The firm has a market cap of $3.03 billion, a PE ratio of -330.69, a P/E/G ratio of 4.77 and a beta of -0.01. The company has a current ratio of 0.69, a quick ratio of 0.44 and a debt-to-equity ratio of 2.08.

BBB Foods (NYSE:TBBB - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.09). The company had revenue of $1 billion for 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%. As a group, sell-side analysts anticipate that BBB Foods Inc. will post 0.15 EPS 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.