BBB Foods Inc. $TBBB Shares Newly Bought by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. purchased a new stake in shares of BBB Foods Inc. (NYSE:TBBB) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 201,695 shares of the company’s stock, valued at approximately $10,617,000. BBB Foods makes up 1.4% of Triasima Portfolio Management inc.’s holdings, making the stock its 24th largest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sei Investments Co. grew its holdings in shares of BBB Foods by 10.7% during the 1st quarter. Sei Investments Co. now owns 748,627 shares of the company’s stock worth $26,479,000 after acquiring an additional 72,646 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of BBB Foods in the 2nd quarter worth approximately $10,630,000. Carmignac Gestion lifted its stake in shares of BBB Foods by 526.5% in the 2nd quarter. Carmignac Gestion now owns 670,106 shares of the company’s stock valued at $27,917,000 after purchasing an additional 563,141 shares during the period. Principal Financial Group Inc. purchased a new position in shares of BBB Foods in the 1st quarter valued at approximately $65,967,000. Finally, Wasatch Advisors LP lifted its stake in shares of BBB Foods by 3.4% in the 2nd quarter. Wasatch Advisors LP now owns 4,239,474 shares of the company’s stock valued at $176,659,000 after purchasing an additional 139,649 shares during the period. Hedge funds and other institutional investors own 8.42% of the company’s stock.

Wall Street Analyst Weigh In

TBBB has been the topic of several research reports. Scotiabank restated an “outperform” rating and set a $65.00 price target on shares of BBB Foods in a research report on Thursday, August 27th. UBS Group increased their price objective on BBB Foods from $51.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Citigroup reiterated a “buy” rating on shares of BBB Foods in a report on Monday, September 14th. Zacks Research upgraded shares of BBB Foods from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, Weiss Ratings raised shares of BBB Foods from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, BBB Foods currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.50.

Insider Activity at BBB Foods

In other news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $51.00, for a total value of $388,773.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

BBB Foods Trading Down 0.5%

Shares of TBBB opened at $56.07 on Friday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.44 and a current ratio of 0.68. BBB Foods Inc. has a fifty-two week low of $25.84 and a fifty-two week high of $57.30. The firm’s 50-day simple moving average is $50.71 and its two-hundred day simple moving average is $43.10.

BBB Foods (NYSE:TBBB) last announced its earnings results on Wednesday, August 12th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.03). BBB Foods had a negative net margin of 3.68% and a negative return on equity of 72.47%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.42 billion. Sell-side analysts forecast that BBB Foods Inc. will post -0.62 EPS for the current year.

About BBB Foods

BBB Foods Inc operates Tiendas 3B, a hard-discount grocery retail chain in Mexico. The company serves value-conscious consumers through small-format neighborhood stores focused on convenient locations, a streamlined shopping experience and everyday low prices.

Tiendas 3B stores offer a selection of essential grocery and household products, including packaged foods, beverages, personal-care items, cleaning supplies and other daily necessities. The assortment combines private-label merchandise with branded products, and certain locations also carry fresh or perishable goods.

BBB Foods was established to develop the hard-discount retail model in Mexico and has expanded its store network across the country, primarily in urban and suburban communities.