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

Several other institutional investors and hedge funds have also added to or reduced their stakes in TBBB. Atika Capital Management LLC lifted its position in shares of BBB Foods by 21.3% in the 4th quarter. Atika Capital Management LLC now owns 220,700 shares of the company's stock worth $6,241,000 after purchasing an additional 38,700 shares during the period. FMR LLC boosted its position in BBB Foods by 33.6% during the fourth quarter. FMR LLC now owns 3,494,773 shares of the company's stock valued at $98,832,000 after acquiring an additional 878,003 shares during the last quarter. Grandeur Peak Global Advisors LLC grew its holdings in BBB Foods by 10.2% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 1,412,891 shares of the company's stock worth $39,957,000 after acquiring an additional 130,373 shares during the period. 12 West Capital Management LP bought a new position in shares of BBB Foods in the 4th quarter worth about $48,544,000. Finally, Mariner LLC acquired a new stake in BBB Foods during the fourth quarter worth approximately $611,000. Institutional investors own 8.42% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Scotiabank set a $37.00 price target on shares of BBB Foods and gave the company an "outperform" rating in a research note on Friday, April 11th. UBS Group boosted their target price on BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Itau BBA Securities upgraded BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price target on the stock in a report on Monday, April 21st. Wall Street Zen cut BBB Foods from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, The Goldman Sachs Group raised BBB Foods to a "hold" rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $33.29.

BBB Foods Trading Up 4.5%

Shares of NYSE TBBB traded up $1.09 during midday trading on Thursday, hitting $25.43. 324,965 shares of the company traded hands, compared to its average volume of 788,463. BBB Foods Inc. has a 12-month low of $23.00 and a 12-month high of $35.22. The firm has a market cap of $2.90 billion, a P/E ratio of 115.60 and a beta of -0.02. The stock has a 50-day moving average price of $26.46 and a 200 day moving average price of $27.42. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.49 and a current ratio of 0.74.

BBB Foods (NYSE:TBBB - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.10). The business 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%. As a group, analysts expect that BBB Foods Inc. will post 0.15 earnings per share for the current year.

BBB Foods Company 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.