Immersion Capital LLP Sells 20,100 Shares of BBB Foods Inc. $TBBB

Immersion Capital LLP decreased its stake in shares of BBB Foods Inc. (NYSE:TBBB) by 28.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,700 shares of the company’s stock after selling 20,100 shares during the quarter. BBB Foods comprises 2.5% of Immersion Capital LLP’s holdings, making the stock its 10th biggest position. Immersion Capital LLP’s holdings in BBB Foods were worth $1,726,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TBBB. Osaic Holdings Inc. acquired a new stake in shares of BBB Foods in the second quarter worth $25,000. Larson Financial Group LLC increased its stake in shares of BBB Foods by 547.9% in the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock worth $28,000 after acquiring an additional 893 shares during the period. Farther Finance Advisors LLC increased its stake in shares of BBB Foods by 92.5% in the fourth quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock worth $28,000 after acquiring an additional 396 shares during the period. Smartleaf Asset Management LLC acquired a new stake in shares of BBB Foods in the fourth quarter worth $39,000. Finally, Toth Financial Advisory Corp increased its stake in shares of BBB Foods by 29.0% in the fourth quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock worth $53,000 after acquiring an additional 360 shares during the period. Institutional investors and hedge funds own 8.42% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TBBB. HSBC upgraded shares of BBB Foods from a “hold” rating to a “buy” rating and raised their price target for the company from $38.00 to $47.00 in a research report on Wednesday, May 27th. UBS Group raised their price target on shares of BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Wells Fargo & Company set a $42.00 price target on shares of BBB Foods in a research report on Friday, March 13th. Zacks Research lowered shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, March 23rd. Finally, Scotiabank raised their price target on shares of BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, BBB Foods has a consensus rating of “Hold” and a consensus price target of $43.14.

BBB Foods Stock Up 0.2%

Shares of NYSE TBBB opened at $42.53 on Thursday. The company’s 50-day simple moving average is $37.72 and its 200-day simple moving average is $35.72. BBB Foods Inc. has a 52-week low of $23.81 and a 52-week high of $43.80. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of -27.44 and a beta of 0.03. 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). BBB Foods had a negative net margin of 3.95% and a negative return on equity of 79.86%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. Equities analysts predict that BBB Foods Inc. will post -0.61 EPS for the current fiscal 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.