Hsbc Holdings PLC Makes New Investment in BBB Foods Inc. $TBBB

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

A number of other institutional investors have also recently bought and sold shares of the business. Farther Finance Advisors LLC increased its holdings in shares of BBB Foods by 92.5% during the fourth quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock worth $28,000 after purchasing an additional 396 shares during the period. Osaic Holdings Inc. acquired a new stake in shares of BBB Foods in the second quarter valued at approximately $25,000. Larson Financial Group LLC boosted 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 valued at $28,000 after buying an additional 893 shares during the period. Smartleaf Asset Management LLC bought a new stake in shares of BBB Foods in the fourth quarter valued at approximately $39,000. Finally, Toth Financial Advisory Corp grew its position in BBB Foods by 29.0% during the fourth quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock worth $53,000 after buying an additional 360 shares in the last quarter. Institutional investors own 8.42% of the company’s stock.

BBB Foods Stock Performance

NYSE TBBB opened at $40.33 on Friday. The firm’s 50 day simple moving average is $39.55 and its 200 day simple moving average is $36.91. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of -26.02 and a beta of -0.02. 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 Inc. has a 1 year low of $23.81 and a 1 year high of $43.81.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.27) 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 firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. As a group, research analysts expect that BBB Foods Inc. will post -0.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on TBBB. HSBC upgraded BBB Foods from a “hold” rating to a “buy” rating and raised their price objective 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. Zacks Research raised BBB Foods from a “strong sell” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. raised their price target on BBB Foods from $46.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Scotiabank boosted their price target on BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, BBB Foods currently has an average rating of “Hold” and a consensus target price of $43.43.

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