Wasatch Advisors LP Buys 690,544 Shares of BBB Foods Inc. $TBBB

Wasatch Advisors LP raised its stake in BBB Foods Inc. (NYSE:TBBB) by 20.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,099,825 shares of the company’s stock after buying an additional 690,544 shares during the period. Wasatch Advisors LP owned 3.51% of BBB Foods worth $145,011,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Research Global Investors increased its holdings in shares of BBB Foods by 2.6% during the third quarter. Capital Research Global Investors now owns 5,882,050 shares of the company’s stock worth $158,580,000 after buying an additional 151,003 shares in the last quarter. 12 West Capital Management LP boosted its holdings in shares of BBB Foods by 39.8% during the 3rd quarter. 12 West Capital Management LP now owns 3,382,770 shares of the company’s stock valued at $91,199,000 after acquiring an additional 963,712 shares in the last quarter. Orbis Allan Gray Ltd acquired a new stake in shares of BBB Foods during the 4th quarter valued at $109,810,000. 3G Capital Partners LP grew its position in BBB Foods by 6.7% during the 3rd quarter. 3G Capital Partners LP now owns 1,600,000 shares of the company’s stock worth $43,136,000 after acquiring an additional 100,000 shares during the last quarter. Finally, Duquesne Family Office LLC grew its position in BBB Foods by 228.1% during the 3rd quarter. Duquesne Family Office LLC now owns 1,183,125 shares of the company’s stock worth $31,897,000 after acquiring an additional 822,575 shares during the last quarter. Institutional investors own 8.42% of the company’s stock.

BBB Foods Stock Performance

NYSE TBBB opened at $41.96 on Friday. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of -27.07 and a beta of 0.03. BBB Foods Inc. has a twelve month low of $23.81 and a twelve month high of $43.81. The stock has a fifty day simple moving average of $38.50 and a 200 day simple moving average of $36.14. 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) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.03). BBB Foods had a negative return on equity of 79.86% and a negative net margin of 3.95%.The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. Sell-side analysts expect that BBB Foods Inc. will post -0.61 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TBBB shares. JPMorgan Chase & Co. upped their target price on BBB Foods from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Monday, April 20th. HSBC upgraded BBB Foods from a “hold” rating to a “buy” rating and boosted their price target for the stock from $38.00 to $47.00 in a report on Wednesday, May 27th. Itau BBA Securities raised BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Friday, March 13th. Wells Fargo & Company set a $42.00 price objective on shares of BBB Foods in a report on Friday, March 13th. Finally, Wall Street Zen upgraded shares of BBB Foods from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $43.14.

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.