Deltec Asset Management LLC Acquires 44,500 Shares of BBB Foods Inc. $TBBB

Deltec Asset Management LLC purchased a new position in shares of BBB Foods Inc. (NYSE:TBBB) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 44,500 shares of the company’s stock, valued at approximately $2,342,000.

A number of other hedge funds also recently bought and sold shares of TBBB. Signaturefd LLC acquired a new stake in BBB Foods during the third quarter worth about $53,000. Magnus Financial Group LLC purchased a new stake in shares of BBB Foods in the 3rd quarter valued at $1,808,000. AdvisorNet Financial Inc acquired a new position in BBB Foods during the 3rd quarter worth about $349,000. Triasima Portfolio Management inc. acquired a new position in BBB Foods during the 3rd quarter worth about $10,617,000. Finally, Ninety One UK Ltd purchased a new position in BBB Foods during the 3rd quarter valued at about $59,033,000. Institutional investors and hedge funds own 8.42% of the company’s stock.

Insider Transactions at BBB Foods

In other BBB Foods news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $51.00, for a total value of $388,773.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TBBB. Citigroup reaffirmed a “buy” rating on shares of BBB Foods in a research report on Monday, September 14th. Zacks Research raised shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Scotiabank reaffirmed an “outperform” rating and set a $65.00 price target on shares of BBB Foods in a research report on Thursday, August 27th. UBS Group increased their target price on shares of BBB Foods from $58.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. Finally, Weiss Ratings upgraded shares of BBB Foods from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.88.

BBB Foods Stock Down 0.3%

Shares of NYSE TBBB opened at $58.30 on Tuesday. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.68 and a quick ratio of 0.44. The firm has a fifty day moving average of $52.39 and a 200-day moving average of $41.28. BBB Foods Inc. has a 52-week low of $25.84 and a 52-week high of $59.60.

BBB Foods (NYSE:TBBB) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.03). The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.42 billion. BBB Foods had a negative net margin of 3.68% and a negative return on equity of 72.47%. On average, sell-side analysts predict that BBB Foods Inc. will post -0.62 EPS for the current year.

About BBB Foods

BBB Foods Inc operates Tiendas 3B, a hard-discount grocery retail chain in Mexico. Its stores focus on everyday consumer essentials, including food, beverages, household products and personal-care items, offered primarily through a combination of private-label and selected national-brand products.

The company’s business model emphasizes a limited assortment, compact store formats and value-oriented pricing. Tiendas 3B stores primarily serve communities in Mexico, with a presence concentrated in the country’s central and southern regions.

BBB Foods was founded in 2004 and is led by Anthony Hatoum, who serves as the company’s chief executive officer.