XTX Topco Ltd Makes New Investment in BBB Foods Inc. (NYSE:TBBB)

Key Points

• XTX Topco Ltd has acquired 31,413 shares of BBB Foods Inc. valued at approximately $838,000, according to a recent SEC filing.
• Several institutional investors, including Tempus Wealth Planning LLC and J.Safra Asset Management Corp, have recently adjusted their stakes in BBB Foods, with institutional ownership now at 8.42%.
• Analysts have varied opinions on BBB Foods, with target prices ranging from $33.00 to $37.00, and the stock currently holds an average rating of "Hold."

XTX Topco Ltd acquired a new position in BBB Foods Inc. (NYSE:TBBB - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 31,413 shares of the company's stock, valued at approximately $838,000.

Other hedge funds have also recently made changes to their positions in the company. Capital Research Global Investors increased its stake in shares of BBB Foods by 37.3% in the fourth quarter. Capital Research Global Investors now owns 5,330,214 shares of the company's stock worth $150,738,000 after buying an additional 1,448,093 shares during the period. FMR LLC increased its stake in shares of BBB Foods by 33.6% in the fourth quarter. FMR LLC now owns 3,494,773 shares of the company's stock worth $98,832,000 after buying an additional 878,003 shares during the period. Gilder Gagnon Howe & Co. LLC increased its stake in shares of BBB Foods by 3.1% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,853,906 shares of the company's stock worth $80,708,000 after buying an additional 84,482 shares during the period. 12 West Capital Management LP purchased a new position in shares of BBB Foods in the fourth quarter worth $48,544,000. Finally, Driehaus Capital Management LLC increased its stake in shares of BBB Foods by 17.4% in the fourth quarter. Driehaus Capital Management LLC now owns 1,567,285 shares of the company's stock worth $44,323,000 after buying an additional 232,443 shares during the period. 8.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TBBB. UBS Group boosted their price objective on shares of BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Wall Street Zen downgraded shares of BBB Foods from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Itau BBA Securities raised shares of BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 target price on the stock in a research report on Monday, April 21st. The Goldman Sachs Group raised shares of BBB Foods to a "hold" rating in a research report on Wednesday, July 9th. Finally, Scotiabank set a $37.00 target price on shares of BBB Foods and gave the stock an "outperform" rating in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, BBB Foods currently has an average rating of "Hold" and an average price target of $33.17.

BBB Foods Stock Up 0.8%

Shares of NYSE:TBBB traded up $0.21 during midday trading on Friday, reaching $25.65. The company's stock had a trading volume of 140,939 shares, compared to its average volume of 784,064. The firm has a 50 day moving average of $26.39 and a 200-day moving average of $27.39. The firm has a market capitalization of $2.93 billion, a P/E ratio of 116.60 and a beta of -0.02. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.93. BBB Foods Inc. has a 12-month low of $23.00 and a 12-month high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.10). The firm had revenue of $838.41 million during the quarter, compared to the consensus estimate of $836.80 million. BBB Foods had a return on equity of 13.08% and a net margin of 0.85%. On average, research analysts anticipate 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.