BBB Foods Inc. $TBBB Stake Decreased by Immersion Capital LLP

Immersion Capital LLP reduced its holdings in BBB Foods Inc. (NYSE:TBBB) by 28.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 51,700 shares of the company’s stock after selling 20,100 shares during the period. BBB Foods makes up approximately 2.5% of Immersion Capital LLP’s holdings, making the stock its 10th largest holding. Immersion Capital LLP’s holdings in BBB Foods were worth $1,726,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of TBBB. Goldman Sachs Group Inc. lifted its stake in shares of BBB Foods by 276.8% in the first quarter. Goldman Sachs Group Inc. now owns 156,526 shares of the company’s stock worth $4,176,000 after buying an additional 114,990 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of BBB Foods by 48.4% in the second quarter. Qube Research & Technologies Ltd now owns 285,206 shares of the company’s stock worth $7,917,000 after buying an additional 92,989 shares in the last quarter. Sei Investments Co. lifted its stake in shares of BBB Foods by 57.7% in the second quarter. Sei Investments Co. now owns 417,794 shares of the company’s stock worth $11,598,000 after buying an additional 152,883 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of BBB Foods by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 705,005 shares of the company’s stock worth $19,571,000 after buying an additional 2,434 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of BBB Foods by 32.3% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,979 shares of the company’s stock worth $4,774,000 after buying an additional 41,979 shares in the last quarter. 8.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TBBB has been the topic of several research reports. JPMorgan Chase & Co. raised their price target on shares of BBB Foods from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. Zacks Research downgraded shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, March 23rd. HSBC raised shares of BBB Foods from a “hold” rating to a “buy” rating and raised their price target for the stock from $38.00 to $47.00 in a research note on Wednesday, May 27th. Wells Fargo & Company set a $42.00 price objective on shares of BBB Foods in a research report on Friday, March 13th. Finally, Wall Street Zen upgraded shares of BBB Foods from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $43.14.

BBB Foods Price Performance

BBB Foods stock opened at $42.53 on Thursday. BBB Foods Inc. has a 12-month low of $23.81 and a 12-month high of $43.80. The stock has a market cap of $5.04 billion, a P/E ratio of -27.44 and a beta of 0.03. The company has a 50-day moving average price of $37.72 and a 200 day moving average price of $35.72. The company has a current ratio of 0.60, a quick ratio of 0.35 and a debt-to-equity ratio of 2.76.

BBB Foods (NYSE:TBBB) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.03). BBB Foods had a negative return on equity of 79.86% and a negative net margin of 3.95%.The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. Sell-side analysts anticipate that BBB Foods Inc. will post -0.61 earnings per share for the current year.

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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.