BBB Foods Inc. $TBBB Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its stake in shares of BBB Foods Inc. (NYSE:TBBB) by 223.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 63,840 shares of the company’s stock after purchasing an additional 44,115 shares during the period. GSA Capital Partners LLP’s holdings in BBB Foods were worth $2,132,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Ashoka WhiteOak Capital Pte Ltd grew its position in shares of BBB Foods by 147.8% during the fourth quarter. Ashoka WhiteOak Capital Pte Ltd now owns 143,200 shares of the company’s stock worth $4,791,000 after buying an additional 85,400 shares in the last quarter. Bronte Capital Management Pty Ltd. acquired a new position in BBB Foods in the fourth quarter valued at approximately $13,161,000. Headinvest LLC acquired a new position in BBB Foods in the fourth quarter valued at approximately $367,000. VELA Investment Management LLC boosted its holdings in BBB Foods by 6.4% in the fourth quarter. VELA Investment Management LLC now owns 43,100 shares of the company’s stock valued at $1,439,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Deltec Asset Management LLC boosted its holdings in BBB Foods by 239.7% in the fourth 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 owned by institutional investors and hedge funds.

BBB Foods Trading Down 1.5%

NYSE:TBBB opened at $36.44 on Wednesday. The stock has a fifty day moving average price of $35.80 and a two-hundred day moving average price of $34.29. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of -23.51 and a beta of 0.02. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.35 and a current ratio of 0.62. BBB Foods Inc. has a 1 year low of $23.81 and a 1 year high of $40.09.

BBB Foods (NYSE:TBBB) last released its quarterly earnings data 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). The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. BBB Foods had a negative return on equity of 82.15% and a negative net margin of 3.95%. As a group, sell-side analysts anticipate that BBB Foods Inc. will post -0.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TBBB. Itau BBA Securities upgraded BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Friday, March 13th. Wall Street Zen upgraded BBB Foods from a “sell” rating to a “hold” rating in a research note on Saturday. UBS Group boosted 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a research note on Friday, March 27th. Finally, Wells Fargo & Company set a $42.00 price target on BBB Foods in a research note on Friday, March 13th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, BBB Foods currently has an average rating of “Hold” and a consensus price target of $42.50.

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.