Wasatch Advisors LP Boosts Stock Position in BBB Foods Inc. $TBBB

Wasatch Advisors LP raised its holdings in BBB Foods Inc. (NYSE:TBBB) by 3.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,239,474 shares of the company’s stock after purchasing an additional 139,649 shares during the period. Wasatch Advisors LP owned about 3.58% of BBB Foods worth $176,659,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sei Investments Co. raised its holdings in BBB Foods by 10.7% in the first quarter. Sei Investments Co. now owns 748,627 shares of the company’s stock valued at $26,479,000 after acquiring an additional 72,646 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of BBB Foods in the 1st quarter worth about $65,967,000. Bronte Capital Management Pty Ltd. bought a new stake in shares of BBB Foods in the 4th quarter worth about $13,161,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of BBB Foods by 64.3% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 371,642 shares of the company’s stock valued at $13,145,000 after purchasing an additional 145,412 shares in the last quarter. Finally, Deltec Asset Management LLC raised its stake in shares of BBB Foods by 239.7% in the 4th quarter. Deltec Asset Management LLC now owns 44,500 shares of the company’s stock valued at $1,486,000 after purchasing an additional 31,400 shares in the last quarter. 8.42% of the stock is currently owned by hedge funds and other institutional investors.

BBB Foods Stock Performance

Shares of NYSE TBBB opened at $41.48 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.60 and a debt-to-equity ratio of 2.76. The firm’s 50-day moving average price is $41.11 and its two-hundred day moving average price is $37.86. BBB Foods Inc. has a 52-week low of $23.81 and a 52-week high of $44.58. The stock has a market capitalization of $4.92 billion and a P/E ratio of -26.76.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Citigroup initiated coverage on BBB Foods in a research note on Friday, July 31st. They issued a “buy” rating and a $49.00 price target for the company. Wall Street Zen raised BBB Foods from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. HSBC upgraded BBB Foods from a “hold” rating to a “buy” rating and lifted their target price for the stock from $38.00 to $47.00 in a research report on Wednesday, May 27th. Scotiabank boosted their price target on BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Finally, Zacks Research upgraded BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.12.

About BBB Foods

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.