Hsbc Holdings PLC Buys Shares of 16,774 BBB Foods Inc. $TBBB

Hsbc Holdings PLC bought a new position in shares of BBB Foods Inc. (NYSE:TBBB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,774 shares of the company’s stock, valued at approximately $565,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of BBB Foods in the 4th quarter valued at approximately $89,000. Virtu Financial LLC acquired a new position in BBB Foods during the 4th quarter worth approximately $399,000. XTX Topco Ltd bought a new position in BBB Foods in the 4th quarter valued at approximately $463,000. Tudor Investment Corp ET AL bought a new position in BBB Foods in the 4th quarter valued at approximately $2,952,000. Finally, Millennium Management LLC boosted its position in BBB Foods by 296.5% in the fourth quarter. Millennium Management LLC now owns 778,613 shares of the company’s stock valued at $25,998,000 after buying an additional 582,262 shares in the last quarter. Institutional investors own 8.42% of the company’s stock.

BBB Foods Stock Performance

Shares of BBB Foods stock opened at $40.33 on Friday. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of -26.02 and a beta of -0.02. BBB Foods Inc. has a twelve month low of $23.81 and a twelve month high of $43.81. The company’s fifty day moving average is $39.55 and its 200 day moving average is $36.91. The company has a quick ratio of 0.35, a current ratio of 0.60 and a debt-to-equity ratio of 2.76.

BBB Foods (NYSE:TBBB) last announced its earnings results 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). The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. BBB Foods had a negative return on equity of 79.86% and a negative net margin of 3.95%. Sell-side analysts forecast that BBB Foods Inc. will post -0.61 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on TBBB. HSBC raised shares of BBB Foods from a “hold” rating to a “buy” rating and boosted their target price for the stock from $38.00 to $47.00 in a research note on Wednesday, May 27th. Weiss Ratings reissued a “sell (d+)” rating on shares of BBB Foods in a report on Wednesday, June 24th. JPMorgan Chase & Co. boosted their price objective on BBB Foods from $46.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday. Zacks Research raised BBB Foods from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, Wall Street Zen upgraded BBB Foods from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $43.43.

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.