LB Partners LLC Makes New $1.24 Million Investment in BBB Foods Inc. $TBBB

LB Partners LLC acquired a new stake in shares of BBB Foods Inc. (NYSE:TBBB) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 35,000 shares of the company’s stock, valued at approximately $1,238,000. BBB Foods comprises 1.1% of LB Partners LLC’s holdings, making the stock its 19th largest position.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Goldman Sachs Group Inc. grew its holdings in BBB Foods by 276.8% during the first quarter. Goldman Sachs Group Inc. now owns 156,526 shares of the company’s stock worth $4,176,000 after acquiring an additional 114,990 shares during the period. Qube Research & Technologies Ltd lifted its holdings in BBB Foods by 48.4% in the second quarter. Qube Research & Technologies Ltd now owns 285,206 shares of the company’s stock valued at $7,917,000 after acquiring an additional 92,989 shares during the period. Sei Investments Co. lifted its holdings in BBB Foods by 57.7% in the second quarter. Sei Investments Co. now owns 417,794 shares of the company’s stock valued at $11,598,000 after acquiring an additional 152,883 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in BBB Foods by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 705,005 shares of the company’s stock valued at $19,571,000 after acquiring an additional 2,434 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in BBB Foods by 32.3% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,979 shares of the company’s stock worth $4,774,000 after purchasing an additional 41,979 shares in the last quarter. Institutional investors and hedge funds own 8.42% of the company’s stock.

BBB Foods Stock Up 0.2%

Shares of TBBB opened at $41.74 on Thursday. The firm has a market cap of $4.95 billion, a P/E ratio of -26.93 and a beta of -0.02. BBB Foods Inc. has a 12 month low of $23.81 and a 12 month high of $43.81. The stock’s 50 day moving average is $38.70 and its two-hundred day moving average is $36.32. The company has a current ratio of 0.60, a quick ratio of 0.35 and a debt-to-equity ratio of 2.76.

BBB Foods (NYSE:TBBB) last announced its earnings results on Wednesday, May 6th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.03). BBB Foods had a negative return on equity of 79.86% and a negative net margin of 3.95%.The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. Analysts predict that BBB Foods Inc. will post -0.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TBBB. JPMorgan Chase & Co. lifted their target price on shares of BBB Foods from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Monday, April 20th. Zacks Research downgraded shares of BBB Foods from a “hold” rating to a “strong sell” rating in a report on Monday, March 23rd. Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a research report on Wednesday, June 24th. Wells Fargo & Company set a $42.00 price objective on shares of BBB Foods in a report on Friday, March 13th. Finally, Wall Street Zen upgraded shares of BBB Foods from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, BBB Foods presently has an average rating of “Hold” and an average price target of $43.14.

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.