BBB Foods Inc. $TBBB is Ancient Art L.P.’s 9th Largest Position

Ancient Art L.P. increased its holdings in BBB Foods Inc. (NYSE:TBBB) by 183.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 391,637 shares of the company’s stock after purchasing an additional 253,320 shares during the period. BBB Foods makes up about 3.0% of Ancient Art L.P.’s holdings, making the stock its 9th biggest holding. Ancient Art L.P. owned approximately 0.34% of BBB Foods worth $13,077,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in shares of BBB Foods by 92.5% in the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock valued at $28,000 after purchasing an additional 396 shares in the last quarter. Osaic Holdings Inc. purchased a new stake in shares of BBB Foods during the second quarter valued at approximately $25,000. Larson Financial Group LLC boosted its stake in shares of BBB Foods by 547.9% during the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock valued at $28,000 after purchasing an additional 893 shares during the period. Smartleaf Asset Management LLC purchased a new stake in shares of BBB Foods during the fourth quarter valued at approximately $39,000. Finally, Toth Financial Advisory Corp boosted its stake in shares of BBB Foods by 29.0% during the fourth quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock valued at $53,000 after purchasing an additional 360 shares during the period. Hedge funds and other institutional investors own 8.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TBBB shares. UBS Group increased their price objective on BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. increased their price objective on BBB Foods from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Wells Fargo & Company set a $42.00 price objective on BBB Foods in a report on Friday, March 13th. Scotiabank increased their price objective on BBB Foods from $37.00 to $48.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Finally, HSBC upgraded BBB Foods from a “hold” rating to a “buy” rating and increased their price objective for the stock from $38.00 to $47.00 in a report on Wednesday, May 27th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, BBB Foods presently has an average rating of “Hold” and an average price target of $43.14.

BBB Foods Stock Performance

Shares of TBBB opened at $42.53 on Thursday. The company has a debt-to-equity ratio of 2.76, a current ratio of 0.60 and a quick ratio of 0.35. BBB Foods Inc. has a one year low of $23.81 and a one year high of $43.80. The company has a 50-day simple moving average of $37.72 and a two-hundred day simple moving average of $35.72. The firm has a market capitalization of $5.04 billion, a PE ratio of -27.44 and a beta of 0.03.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.27 billion. On average, analysts anticipate that BBB Foods Inc. will post -0.61 EPS for the current fiscal year.

BBB Foods Company 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.