Fox Run Management L.L.C. Takes Position in BBB Foods Inc. $TBBB

Fox Run Management L.L.C. purchased a new stake in shares of BBB Foods Inc. (NYSE:TBBB) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 25,459 shares of the company’s stock, valued at approximately $850,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TBBB. Capital Research Global Investors increased its position in shares of BBB Foods by 2.6% in the third quarter. Capital Research Global Investors now owns 5,882,050 shares of the company’s stock worth $158,580,000 after purchasing an additional 151,003 shares during the last quarter. 12 West Capital Management LP increased its position in shares of BBB Foods by 39.8% in the third quarter. 12 West Capital Management LP now owns 3,382,770 shares of the company’s stock worth $91,199,000 after purchasing an additional 963,712 shares during the last quarter. Wasatch Advisors LP increased its position in shares of BBB Foods by 23.8% in the third quarter. Wasatch Advisors LP now owns 2,712,916 shares of the company’s stock worth $73,140,000 after purchasing an additional 520,904 shares during the last quarter. 3G Capital Partners LP increased its position in shares of BBB Foods by 6.7% in the third quarter. 3G Capital Partners LP now owns 1,600,000 shares of the company’s stock worth $43,136,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Duquesne Family Office LLC increased its position in shares of BBB Foods by 228.1% in the third quarter. Duquesne Family Office LLC now owns 1,183,125 shares of the company’s stock worth $31,897,000 after purchasing an additional 822,575 shares during the last quarter. 8.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on TBBB shares. UBS Group upped their price objective on shares of BBB Foods from $31.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Itau BBA Securities upgraded shares of BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research report on Friday, March 13th. Wall Street Zen upgraded shares of BBB Foods from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Scotiabank upped their price objective on shares of BBB Foods from $37.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a research report on Friday, March 27th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $43.14.

BBB Foods Stock Performance

NYSE:TBBB opened at $40.16 on Thursday. The firm has a market cap of $4.76 billion, a PE ratio of -25.91 and a beta of 0.03. BBB Foods Inc. has a fifty-two week low of $23.81 and a fifty-two week high of $40.58. The company has a debt-to-equity ratio of 2.76, a quick ratio of 0.35 and a current ratio of 0.60. The business has a 50 day moving average price of $37.08 and a 200-day moving average price of $35.36.

BBB Foods (NYSE:TBBB) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. BBB Foods had a negative net margin of 3.95% and a negative return on equity of 79.86%. Equities research analysts predict that BBB Foods Inc. will post -0.61 earnings per share for the current year.

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.