Seven Grand Managers LLC Takes $3.54 Million Position in BBB Foods Inc. (NYSE:TBBB)

Seven Grand Managers LLC acquired a new stake in BBB Foods Inc. (NYSE:TBBB) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 125,000 shares of the company’s stock, valued at approximately $3,535,000. BBB Foods makes up 1.6% of Seven Grand Managers LLC’s portfolio, making the stock its 25th largest holding. Seven Grand Managers LLC owned 0.11% of BBB Foods at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. White Oak Capital Partners Pte. Ltd. bought a new position in shares of BBB Foods in the fourth quarter valued at approximately $226,000. J.Safra Asset Management Corp grew its stake in BBB Foods by 204.7% in the 4th quarter. J.Safra Asset Management Corp now owns 10,264 shares of the company’s stock valued at $293,000 after buying an additional 6,895 shares during the last quarter. Numerai GP LLC acquired a new position in BBB Foods in the 4th quarter valued at $310,000. Deutsche Bank AG bought a new position in BBB Foods in the 4th quarter worth $311,000. Finally, Tempus Wealth Planning LLC acquired a new position in BBB Foods during the 4th quarter worth $343,000. 8.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TBBB. Itau BBA Securities raised BBB Foods from a “market perform” rating to an “outperform” rating and set a $36.00 price target on the stock in a research report on Monday, April 21st. Scotiabank set a $37.00 target price on BBB Foods and gave the company an “outperform” rating in a research note on Friday, April 11th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, BBB Foods presently has a consensus rating of “Moderate Buy” and an average price target of $33.67.

BBB Foods Stock Performance

NYSE:TBBB opened at $30.16 on Friday. The firm’s 50-day moving average is $27.34 and its 200-day moving average is $28.82. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 137.09 and a beta of 0.49. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79. BBB Foods Inc. has a 52-week low of $21.39 and a 52-week high of $35.22.

BBB Foods (NYSE:TBBB) last released its earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.10). The company had revenue of $838.41 million during the quarter, compared to analyst estimates of $836.80 million. Equities research analysts anticipate that BBB Foods Inc. will post 0.15 earnings per share for the current year.

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.