BBB Foods Inc. $TBBB Shares Bought by Sei Investments Co.

Sei Investments Co. grew its stake in shares of BBB Foods Inc. (NYSE:TBBB) by 10.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 748,627 shares of the company’s stock after acquiring an additional 72,646 shares during the period. Sei Investments Co.’s holdings in BBB Foods were worth $26,479,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in shares of BBB Foods by 92.5% in the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock valued at $28,000 after purchasing an additional 396 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in shares of BBB Foods in the second quarter valued at about $25,000. Larson Financial Group LLC boosted its holdings in BBB Foods by 547.9% during the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock worth $28,000 after buying an additional 893 shares in the last quarter. Smartleaf Asset Management LLC acquired a new position in BBB Foods during the fourth quarter worth about $39,000. Finally, Toth Financial Advisory Corp grew its position in BBB Foods by 29.0% during the fourth quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock worth $53,000 after buying an additional 360 shares during the period. 8.42% of the stock is owned by institutional investors and hedge funds.

BBB Foods Stock Performance

NYSE:TBBB opened at $39.78 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.35 and a debt-to-equity ratio of 2.76. The company has a market capitalization of $4.72 billion, a P/E ratio of -25.67 and a beta of -0.02. The firm has a 50-day moving average price of $40.20 and a two-hundred day moving average price of $37.27. BBB Foods Inc. has a twelve month low of $23.81 and a twelve month high of $43.81.

BBB Foods (NYSE:TBBB) last announced its quarterly 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). BBB Foods had a negative net margin of 3.95% and a negative return on equity of 79.86%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. As a group, research analysts expect that BBB Foods Inc. will post -0.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TBBB has been the subject of a number of research reports. Wall Street Zen upgraded shares of BBB Foods from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a report on Wednesday, June 24th. HSBC upgraded BBB Foods from a “hold” rating to a “buy” rating and upped their price target for the stock from $38.00 to $47.00 in a report on Wednesday, May 27th. Zacks Research raised BBB Foods from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, JPMorgan Chase & Co. boosted their target price on BBB Foods from $46.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $43.43.

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.