25,459 Shares in BBB Foods Inc. $TBBB Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new position in BBB Foods Inc. (NYSE:TBBB) in the fourth quarter, Holdings Channel.com reports. The fund purchased 25,459 shares of the company’s stock, valued at approximately $850,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TBBB. Wasatch Advisors LP lifted its stake in BBB Foods by 314.6% in the second quarter. Wasatch Advisors LP now owns 2,192,012 shares of the company’s stock worth $60,850,000 after acquiring an additional 1,663,338 shares during the period. 12 West Capital Management LP lifted its stake in BBB Foods by 39.8% in the third quarter. 12 West Capital Management LP now owns 3,382,770 shares of the company’s stock worth $91,199,000 after acquiring an additional 963,712 shares during the period. Duquesne Family Office LLC lifted its stake in BBB Foods by 228.1% in the third quarter. Duquesne Family Office LLC now owns 1,183,125 shares of the company’s stock worth $31,897,000 after acquiring an additional 822,575 shares during the period. Bronte Capital Management Pty Ltd. purchased a new stake in BBB Foods in the fourth quarter worth $13,161,000. Finally, Bank of America Corp DE lifted its stake in BBB Foods by 153.5% in the second quarter. Bank of America Corp DE now owns 599,626 shares of the company’s stock worth $16,646,000 after acquiring an additional 363,079 shares during the period. Hedge funds and other institutional investors own 8.42% of the company’s stock.

BBB Foods Price Performance

Shares of NYSE:TBBB opened at $40.16 on Thursday. BBB Foods Inc. has a 1-year low of $23.81 and a 1-year high of $40.58. The company has a debt-to-equity ratio of 2.76, a current ratio of 0.60 and a quick ratio of 0.35. The business has a fifty day moving average price of $37.08 and a 200-day moving average price of $35.36. The company has a market capitalization of $4.76 billion, a PE ratio of -25.91 and a beta of 0.03.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.27) earnings per share 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 company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. As a group, equities analysts expect that BBB Foods Inc. will post -0.61 EPS for the current fiscal year.

Analyst Ratings Changes

TBBB has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BBB Foods in a research note on Friday, March 27th. HSBC raised BBB Foods from a “hold” rating to a “buy” rating and raised their price target for the stock from $38.00 to $47.00 in a research note on Wednesday, May 27th. Itau BBA Securities raised BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research note on Friday, March 13th. Scotiabank raised their price objective on BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Finally, Zacks Research lowered BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, March 23rd. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $43.14.

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.