Walleye Capital LLC Makes New $1.87 Million Investment in 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 shares of BBB Foods Inc. (NYSE:TBBB - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 70,078 shares of the company's stock, valued at approximately $1,870,000. Walleye Capital LLC owned about 0.06% of BBB Foods at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Jump Financial LLC purchased a new position in shares of BBB Foods in the 1st quarter worth approximately $2,284,000. TT International Asset Management LTD purchased a new position in BBB Foods in the first quarter worth $15,261,000. Entropy Technologies LP acquired a new position in shares of BBB Foods during the first quarter worth $461,000. VELA Investment Management LLC lifted its holdings in shares of BBB Foods by 66.7% during the 1st quarter. VELA Investment Management LLC now owns 25,000 shares of the company's stock valued at $667,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in shares of BBB Foods by 104.5% in the 1st quarter. Deutsche Bank AG now owns 22,500 shares of the company's stock worth $600,000 after purchasing an additional 11,500 shares in the last quarter. 8.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TBBB shares. 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 increased 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. Finally, The Goldman Sachs Group upgraded BBB Foods to a "hold" rating in a research note 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.com, BBB Foods currently has a consensus rating of "Hold" and an average target price of $33.60.

BBB Foods Stock Performance

Shares of TBBB traded down $0.53 during mid-day trading on Wednesday, reaching $26.12. The company had a trading volume of 49,843 shares, compared to its average volume of 759,630. BBB Foods Inc. has a 52-week low of $23.00 and a 52-week high of $35.22. The company has a quick ratio of 0.44, a current ratio of 0.69 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $2.98 billion, a P/E ratio of -325.00, a PEG ratio of 13.58 and a beta of -0.01. The stock has a 50 day moving average of $26.11 and a two-hundred day moving average of $26.98.

BBB Foods (NYSE:TBBB - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.09). The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $17.98 billion. BBB Foods had a negative return on equity of 3.07% and a negative net margin of 0.19%. On average, analysts expect 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.