UBS Group AG Acquires 64,511 Shares of BBB Foods Inc. $TBBB

UBS Group AG lifted its holdings in BBB Foods Inc. (NYSE:TBBB) by 21.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 365,441 shares of the company’s stock after acquiring an additional 64,511 shares during the period. UBS Group AG’s holdings in BBB Foods were worth $12,202,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Osaic Holdings Inc. bought a new position in shares of BBB Foods in the 2nd quarter worth about $25,000. Farther Finance Advisors LLC raised its position 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 worth $28,000 after acquiring an additional 396 shares in the last quarter. Larson Financial Group LLC raised its position in shares of BBB Foods by 547.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock worth $28,000 after acquiring an additional 893 shares in the last quarter. Toth Financial Advisory Corp raised its position in shares of BBB Foods by 29.0% in the 4th quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock worth $53,000 after acquiring an additional 360 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of BBB Foods by 26.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,869 shares of the company’s stock worth $75,000 after acquiring an additional 593 shares in the last quarter. 8.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TBBB shares. JPMorgan Chase & Co. lifted their price objective on BBB Foods from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. UBS Group lifted their price objective on BBB Foods from $31.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Zacks Research lowered BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, March 23rd. Morgan Stanley raised BBB Foods to an “overweight” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of BBB Foods in a research report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, BBB Foods presently has an average rating of “Hold” and a consensus target price of $42.50.

BBB Foods Stock Performance

Shares of BBB Foods stock opened at $36.42 on Friday. BBB Foods Inc. has a one year low of $23.81 and a one year high of $40.09. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of -23.50 and a beta of 0.02. The business has a 50-day simple moving average of $35.65 and a 200 day simple moving average of $34.16. The company has a debt-to-equity ratio of 2.61, a current ratio of 0.62 and a quick ratio of 0.35.

BBB Foods (NYSE:TBBB) last issued its earnings results 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 82.15%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. On average, research analysts anticipate that BBB Foods Inc. will post -0.57 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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.