XTX Topco Ltd Acquires New Shares in BBB Foods Inc. (NYSE:TBBB)

XTX Topco Ltd bought a new position in shares of BBB Foods Inc. (NYSE:TBBB) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,124 shares of the company’s stock, valued at approximately $289,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. J.Safra Asset Management Corp bought a new position in BBB Foods during the first quarter worth about $32,000. Hood River Capital Management LLC acquired a new stake in shares of BBB Foods during the first quarter worth about $54,000. National Bank of Canada FI bought a new position in shares of BBB Foods during the 2nd quarter valued at about $103,000. Federated Hermes Inc. acquired a new position in shares of BBB Foods in the 2nd quarter valued at approximately $143,000. Finally, Quent Capital LLC bought a new stake in BBB Foods during the 2nd quarter worth approximately $167,000. Institutional investors own 8.42% of the company’s stock.

BBB Foods Trading Up 0.3 %

Shares of TBBB stock opened at $30.00 on Friday. The company has a fifty day moving average price of $28.91 and a two-hundred day moving average price of $25.37. BBB Foods Inc. has a one year low of $18.71 and a one year high of $33.16. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.85.

BBB Foods (NYSE:TBBB) last posted its quarterly earnings results on Wednesday, August 21st. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.15. The business had revenue of $788.28 million for the quarter, compared to the consensus estimate of $708.69 million. On average, research analysts anticipate that BBB Foods Inc. will post 0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TBBB. JPMorgan Chase & Co. upped their price target on shares of BBB Foods from $30.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. HSBC upgraded BBB Foods from a “reduce” rating to a “hold” rating and set a $31.00 target price for the company in a report on Friday, August 23rd. Jefferies Financial Group began coverage on BBB Foods in a report on Monday, September 9th. They issued a “hold” rating and a $33.00 price target on the stock. Scotiabank lifted their target price on BBB Foods from $33.00 to $36.00 and gave the company a “sector outperform” rating in a research report on Friday, May 31st. Finally, Hsbc Global Res upgraded shares of BBB Foods from a “strong sell” rating to a “hold” rating in a report on Friday, August 23rd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $30.57.

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.