Wasatch Advisors LP Purchases 690,544 Shares of BBB Foods Inc. $TBBB

Wasatch Advisors LP increased its position in shares of BBB Foods Inc. (NYSE:TBBB) by 20.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 4,099,825 shares of the company’s stock after buying an additional 690,544 shares during the period. Wasatch Advisors LP’s holdings in BBB Foods were worth $145,011,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in BBB Foods by 92.5% during the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock worth $28,000 after acquiring an additional 396 shares during the period. Osaic Holdings Inc. acquired a new position in shares of BBB Foods in the 2nd quarter valued at about $25,000. Larson Financial Group LLC lifted its stake in shares of BBB Foods by 547.9% in the 3rd 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 bought a new stake in shares of BBB Foods during the 4th quarter valued at about $39,000. Finally, Toth Financial Advisory Corp boosted its position in shares of BBB Foods by 29.0% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 8.42% of the company’s stock.

BBB Foods Price Performance

TBBB stock opened at $41.96 on Friday. The stock has a market capitalization of $4.98 billion, a PE ratio of -27.07 and a beta of 0.03. The company’s 50-day moving average is $38.50 and its 200-day moving average is $36.14. 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 1 year low of $23.81 and a 1 year high of $43.81.

BBB Foods (NYSE:TBBB) last issued its earnings results 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 net margin of 3.95% and a negative return on equity of 79.86%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. Equities research analysts expect that BBB Foods Inc. will post -0.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wall Street Zen raised BBB Foods from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. HSBC raised BBB Foods from a “hold” rating to a “buy” rating and boosted their price target for the company from $38.00 to $47.00 in a research note on Wednesday, May 27th. Wells Fargo & Company set a $42.00 price target on BBB Foods in a report on Friday, March 13th. Scotiabank raised 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, JPMorgan Chase & Co. lifted their price objective on shares of BBB Foods from $44.00 to $46.00 and gave the company 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $43.14.

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.