BBB Foods Inc. $TBBB is Ancient Art L.P.’s 9th Largest Position

Ancient Art L.P. boosted its holdings in shares of BBB Foods Inc. (NYSE:TBBB) by 183.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 391,637 shares of the company’s stock after acquiring an additional 253,320 shares during the period. BBB Foods accounts for about 3.0% of Ancient Art L.P.’s investment portfolio, making the stock its 9th largest holding. Ancient Art L.P.’s holdings in BBB Foods were worth $13,077,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Greenoaks Capital Partners LLC purchased a new position in BBB Foods during the 4th quarter valued at about $9,340,000. Fund 1 Investments LLC bought a new position in BBB Foods in the 4th quarter worth about $992,000. Lazard Asset Management LLC bought a new position in BBB Foods in the 4th quarter worth about $1,894,000. Jain Global LLC bought a new position in BBB Foods in the 4th quarter worth about $722,000. Finally, Orbis Allan Gray Ltd bought a new position in BBB Foods in the 4th quarter worth about $109,810,000. 8.42% of the stock is owned by hedge funds and other institutional investors.

BBB Foods Stock Up 0.2%

TBBB stock opened at $42.53 on Thursday. The stock has a market capitalization of $5.04 billion, a P/E ratio of -27.44 and a beta of 0.03. The business has a fifty day moving average price of $37.72 and a 200-day moving average price of $35.72. BBB Foods Inc. has a 1-year low of $23.81 and a 1-year high of $43.80. 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 (NYSE:TBBB) last issued its earnings results 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 company 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 79.86% and a negative net margin of 3.95%. Equities analysts forecast that BBB Foods Inc. will post -0.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of BBB Foods from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Itau BBA Securities upgraded shares of BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research note on Friday, March 13th. Zacks Research cut shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, March 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a research note on Friday, March 27th. Finally, JPMorgan Chase & Co. upped their price target on shares of BBB Foods from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $43.14.

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.