Zweig DiMenna Associates LLC Purchases 18,541 Shares of BBB Foods Inc. (NYSE:TBBB)

Zweig DiMenna Associates LLC grew its position in BBB Foods Inc. (NYSE:TBBB) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 396,641 shares of the company’s stock after purchasing an additional 18,541 shares during the quarter. Zweig DiMenna Associates LLC’s holdings in BBB Foods were worth $11,217,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. FMR LLC grew its holdings in BBB Foods by 23.0% during the 3rd quarter. FMR LLC now owns 2,616,770 shares of the company’s stock worth $78,503,000 after acquiring an additional 490,100 shares during the period. JPMorgan Chase & Co. boosted its position in shares of BBB Foods by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,274,625 shares of the company’s stock valued at $38,239,000 after purchasing an additional 7,014 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in BBB Foods during the second quarter worth approximately $26,562,000. Public Employees Retirement System of Ohio bought a new stake in BBB Foods in the third quarter worth approximately $24,694,000. Finally, Engle Capital Management L.P. lifted its stake in BBB Foods by 0.7% in the second quarter. Engle Capital Management L.P. now owns 720,000 shares of the company’s stock valued at $17,179,000 after buying an additional 5,000 shares during the period. 8.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Itau BBA Securities initiated coverage on shares of BBB Foods in a research note on Wednesday. They set a “market perform” rating and a $32.00 target price on the stock. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $30.75.

BBB Foods Price Performance

Shares of NYSE TBBB opened at $30.44 on Friday. The stock has a fifty day moving average of $29.96 and a 200-day moving average of $29.81. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72. BBB Foods Inc. has a fifty-two week low of $18.71 and a fifty-two week high of $35.22.

BBB Foods (NYSE:TBBB) last posted its earnings results on Monday, November 25th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.07. Sell-side analysts forecast that BBB Foods Inc. will post 0.15 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.