BBB Foods Inc. $TBBB Shares Purchased by Bronte Capital Management Pty Ltd.

Bronte Capital Management Pty Ltd. increased its position in shares of BBB Foods Inc. (NYSE:TBBB) by 23.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 487,550 shares of the company’s stock after buying an additional 93,392 shares during the quarter. BBB Foods comprises 1.8% of Bronte Capital Management Pty Ltd.’s investment portfolio, making the stock its 13th biggest holding. Bronte Capital Management Pty Ltd.’s holdings in BBB Foods were worth $17,245,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TBBB. Capital Research Global Investors lifted its stake in BBB Foods by 2.6% in the third quarter. Capital Research Global Investors now owns 5,882,050 shares of the company’s stock valued at $158,580,000 after buying an additional 151,003 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of BBB Foods by 20.3% in the 1st quarter. Wasatch Advisors LP now owns 4,099,825 shares of the company’s stock valued at $145,011,000 after acquiring an additional 690,544 shares during the period. 12 West Capital Management LP increased its holdings in shares of BBB Foods by 39.8% in the 3rd quarter. 12 West Capital Management LP now owns 3,382,770 shares of the company’s stock valued at $91,199,000 after acquiring an additional 963,712 shares during the period. Orbis Allan Gray Ltd purchased a new stake in BBB Foods in the 4th quarter valued at $109,810,000. Finally, 3G Capital Partners LP boosted its stake in BBB Foods by 6.7% during the 3rd quarter. 3G Capital Partners LP now owns 1,600,000 shares of the company’s stock worth $43,136,000 after purchasing an additional 100,000 shares during the period. Institutional investors and hedge funds own 8.42% of the company’s stock.

Analyst Upgrades and Downgrades

TBBB has been the topic of a number of recent research reports. Wells Fargo & Company set a $42.00 price objective on shares of BBB Foods in a research note on Friday, March 13th. Wall Street Zen raised BBB Foods from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Scotiabank lifted their target price on BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Itau BBA Securities raised BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a report on Friday, March 13th. Finally, Zacks Research cut BBB Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, March 23rd. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $43.14.

BBB Foods Trading Up 0.8%

Shares of BBB Foods stock opened at $42.01 on Friday. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of -27.11 and a beta of -0.02. BBB Foods Inc. has a 52-week low of $23.81 and a 52-week high of $43.81. The company’s 50-day simple moving average is $38.76 and its 200-day simple moving average is $36.39. The company has a quick ratio of 0.35, a current ratio of 0.60 and a debt-to-equity ratio of 2.76.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. As a group, equities research analysts anticipate that BBB Foods Inc. will post -0.61 earnings per share for the current 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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.