DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Takes $3.68 Million Position in BBB Foods Inc. (NYSE:TBBB)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of BBB Foods Inc. (NYSE:TBBB) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 130,000 shares of the company’s stock, valued at approximately $3,676,000.

A number of other hedge funds also recently modified their holdings of TBBB. Alyeska Investment Group L.P. grew its holdings in BBB Foods by 1.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 107,739 shares of the company’s stock valued at $3,047,000 after purchasing an additional 1,655 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of BBB Foods by 0.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 547,642 shares of the company’s stock valued at $15,487,000 after buying an additional 1,960 shares during the last quarter. Gabelli Funds LLC grew its stake in shares of BBB Foods by 3.7% during the 4th quarter. Gabelli Funds LLC now owns 56,000 shares of the company’s stock worth $1,584,000 after acquiring an additional 2,000 shares during the period. Picton Mahoney Asset Management increased its holdings in BBB Foods by 13.5% in the 4th quarter. Picton Mahoney Asset Management now owns 29,400 shares of the company’s stock worth $831,000 after acquiring an additional 3,500 shares during the last quarter. Finally, J.Safra Asset Management Corp raised its stake in BBB Foods by 204.7% in the 4th quarter. J.Safra Asset Management Corp now owns 10,264 shares of the company’s stock valued at $293,000 after acquiring an additional 6,895 shares during the period. Institutional investors own 8.42% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TBBB shares. Itau BBA Securities upgraded shares of BBB Foods from a “market perform” rating to an “outperform” rating and set a $36.00 target price for the company in a research note on Monday, April 21st. Scotiabank set a $37.00 price objective on shares of BBB Foods and gave the stock an “outperform” rating in a report on Friday, April 11th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, BBB Foods presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.67.

BBB Foods Trading Down 1.8 %

Shares of BBB Foods stock opened at $27.92 on Friday. The company’s 50-day moving average price is $26.99 and its 200-day moving average price is $28.92. 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 12-month low of $21.39 and a 12-month high of $35.22. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 126.91 and a beta of 0.49.

BBB Foods (NYSE:TBBB) last posted its earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.10). The company had revenue of $838.41 million for the quarter, compared to analyst estimates of $836.80 million. On average, equities analysts expect that BBB Foods Inc. will post 0.15 earnings per share for the current fiscal year.

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.