BBB Foods (TBBB)

• Market cap: $3.7B

About: BBB Foods Inc is a company offering grocery hard discount model in Mexico. Also that operates through three subsidiaries namely Tiendas Tres B , Tiendas BBB and Desarrolladora Tres BSA de CV of which the main activity of Tiendas Tres B is the sale, purchase, distribution and marketing of all types of products, items and goods, as well as the establishment, and operation of individual stores and distribution centers for the sale of such products.

Employees: 21,924

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

82% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 17

69% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 16

15% more funds holding

Funds holding: 71 [Q1] → 82 (+11) [Q2]

13% more capital invested

Capital invested by funds: $776M [Q1] → $874M (+$97.8M) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]

2.45% less ownership

Funds ownership: 97.11% [Q1] → 94.66% (-2.45%) [Q2]

64% less call options, than puts

Call options by funds: $160K | Put options by funds: $448K

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $31 6% downside
• Avg. target: $33 1% downside
• High target: $34 3% upside

3 analyst ratings

• positive: 1 33%
• neutral: 2 67%
• negative: 0 0%

Jefferies Alex Wright 50% 1-year accuracy 1 / 2 met price target	0% upside $33	Hold Initiated	9 Sept 2024
HSBC Daniela Bretthauer 29% 1-year accuracy 2 / 7 met price target	6% downside $31	Hold Upgraded	23 Aug 2024
JP Morgan Joseph Giordano 53% 1-year accuracy 8 / 15 met price target	3% upside $34	Overweight Maintained	7 Aug 2024