BBB Foods Inc. $TBBB Stock Position Boosted by Fox Run Management L.L.C.

Fox Run Management L.L.C. grew its stake in shares of BBB Foods Inc. (NYSE:TBBB) by 66.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,219 shares of the company’s stock after buying an additional 6,049 shares during the quarter. Fox Run Management L.L.C.’s holdings in BBB Foods were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in TBBB. Banque Transatlantique SA bought a new position in shares of BBB Foods in the first quarter valued at approximately $25,000. AdvisorNet Financial Inc bought a new stake in BBB Foods during the second quarter worth approximately $37,000. Caitong International Asset Management Co. Ltd lifted its position in BBB Foods by 124.6% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,140 shares of the company’s stock worth $57,000 after purchasing an additional 1,187 shares during the period. Summit Securities Group LLC acquired a new stake in BBB Foods in the first quarter worth approximately $96,000. Finally, Bank of Nova Scotia bought a new position in BBB Foods during the 1st quarter valued at $213,000. 8.42% of the stock is owned by institutional investors and hedge funds.

BBB Foods Trading Up 1.8%

Shares of NYSE TBBB opened at $29.16 on Thursday. The business has a fifty day simple moving average of $26.77 and a 200-day simple moving average of $27.08. The company has a market cap of $3.33 billion, a price-to-earnings ratio of -364.55 and a beta of -0.03. BBB Foods Inc. has a 12 month low of $23.00 and a 12 month high of $34.75. The company has a quick ratio of 0.44, a current ratio of 0.69 and a debt-to-equity ratio of 2.08.

BBB Foods (NYSE:TBBB) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.09). BBB Foods had a negative return on equity of 3.07% and a negative net margin of 0.19%.The company had revenue of $1 billion for the quarter, compared to analyst estimates of $17.98 billion. Sell-side analysts predict that BBB Foods Inc. will post 0.15 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on TBBB shares. JPMorgan Chase & Co. boosted their price objective on BBB Foods from $35.50 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Wall Street Zen lowered BBB Foods from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Zacks Research cut shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Monday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of BBB Foods in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, BBB Foods has an average rating of “Hold” and a consensus price target of $34.80.

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.