140,820 Shares in BBB Foods Inc. $TBBB Acquired by Hodges Capital Management Inc.

Hodges Capital Management Inc. acquired a new stake in shares of BBB Foods Inc. (NYSE:TBBB) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 140,820 shares of the company’s stock, valued at approximately $4,981,000.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in BBB Foods by 92.5% during the fourth quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock valued at $28,000 after buying an additional 396 shares during the last quarter. Osaic Holdings Inc. purchased a new stake in shares of BBB Foods in the second quarter worth $25,000. Larson Financial Group LLC grew its stake in shares of BBB Foods by 547.9% in the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock worth $28,000 after acquiring an additional 893 shares during the last quarter. Smartleaf Asset Management LLC bought a new position in shares of BBB Foods during the fourth quarter valued at $39,000. Finally, Toth Financial Advisory Corp increased its holdings 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 acquiring an additional 360 shares in the last quarter. Hedge funds and other institutional investors own 8.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TBBB shares. Wells Fargo & Company set a $42.00 price target on BBB Foods in a research report on Friday, March 13th. Zacks Research downgraded shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, March 23rd. Scotiabank raised their price objective on shares of BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. HSBC raised shares of 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 report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of BBB Foods from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. Five research 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $43.14.

BBB Foods Price Performance

TBBB opened at $41.80 on Tuesday. The firm has a 50 day moving average price of $38.91 and a 200-day moving average price of $36.52. BBB Foods Inc. has a twelve month low of $23.81 and a twelve month high of $43.81. 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 (NYSE:TBBB) last issued its earnings results on Wednesday, May 6th. The company reported ($0.27) earnings per share (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. As a group, equities research analysts predict that BBB Foods Inc. will post -0.61 EPS for the current fiscal year.

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.