BBB Foods Inc. (NYSE:TBBB) Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC boosted its stake in shares of BBB Foods Inc. (NYSE:TBBB) by 3.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 56,000 shares of the company’s stock after purchasing an additional 2,000 shares during the period. Gabelli Funds LLC’s holdings in BBB Foods were worth $1,584,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Mariner LLC purchased a new stake in BBB Foods during the 4th quarter valued at about $611,000. 12 West Capital Management LP purchased a new stake in shares of BBB Foods in the fourth quarter valued at approximately $48,544,000. Grandeur Peak Global Advisors LLC increased its holdings in shares of BBB Foods by 10.2% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 1,412,891 shares of the company’s stock valued at $39,957,000 after purchasing an additional 130,373 shares during the last quarter. FMR LLC lifted its position in BBB Foods by 33.6% during the fourth quarter. FMR LLC now owns 3,494,773 shares of the company’s stock worth $98,832,000 after buying an additional 878,003 shares in the last quarter. Finally, Atika Capital Management LLC boosted its stake in BBB Foods by 21.3% during the fourth quarter. Atika Capital Management LLC now owns 220,700 shares of the company’s stock worth $6,241,000 after buying an additional 38,700 shares during the last quarter. 8.42% of the stock is currently owned by institutional investors and hedge funds.

BBB Foods Price Performance

Shares of TBBB opened at $25.96 on Friday. The firm has a 50-day simple moving average of $26.34 and a two-hundred day simple moving average of $29.18. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72. BBB Foods Inc. has a 1-year low of $19.67 and a 1-year high of $35.22.

BBB Foods (NYSE:TBBB) last announced its earnings results on Wednesday, April 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($1.03). The business had revenue of $784.03 million during the quarter, compared to the consensus estimate of $16.87 billion. On average, analysts anticipate that BBB Foods Inc. will post 0.15 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TBBB. Itau BBA Securities started coverage on shares of BBB Foods in a research report on Wednesday, January 22nd. They set a “market perform” rating and a $32.00 price target on the stock. Scotiabank set a $37.00 price target on shares of BBB Foods and gave the stock an “outperform” rating in a report on Friday, April 11th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $33.00.

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.