CenterBook Partners LP purchased a new stake in BBB Foods Inc. (NYSE:TBBB – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,488 shares of the company’s stock, valued at approximately $868,000.
A number of other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC acquired a new stake in shares of BBB Foods during the 3rd quarter valued at $27,000. GAMMA Investing LLC acquired a new position in BBB Foods in the 3rd quarter worth about $43,000. Signaturefd LLC acquired a new position in BBB Foods in the 3rd quarter worth about $53,000. Toth Financial Advisory Corp acquired a new position in BBB Foods in the 3rd quarter worth about $142,000. Finally, IPG Investment Advisors LLC bought a new position in BBB Foods in the third quarter valued at about $275,000. 8.42% of the stock is currently owned by institutional investors.
BBB Foods Price Performance
Shares of TBBB opened at $67.89 on Wednesday. The stock’s 50-day moving average price is $55.23 and its two-hundred day moving average price is $42.97. BBB Foods Inc. has a 12 month low of $25.84 and a 12 month high of $68.15. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 2.09.
BBB Foods (NYSE:TBBB – Get Free Report) last issued its quarterly earnings data on Monday, November 2nd. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.11. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.53 billion. BBB Foods had a negative return on equity of 36.98% and a negative net margin of 1.94%. As a group, research analysts expect that BBB Foods Inc. will post -0.62 EPS for the current year.
Insider Buying and Selling
In other BBB Foods news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $51.00, for a total transaction of $388,773.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Analysts Set New Price Targets
A number of brokerages have recently commented on TBBB. Scotiabank reissued an “outperform” rating and set a $65.00 price target on shares of BBB Foods in a research note on Thursday, August 27th. Citigroup restated a “buy” rating on shares of BBB Foods in a report on Monday, September 14th. Weiss Ratings raised BBB Foods from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. JPMorgan Chase & Co. upped their price objective on BBB Foods from $48.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, September 10th. Finally, UBS Group raised their price objective on shares of BBB Foods from $58.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $51.88.
Get Our Latest Research Report on BBB Foods
BBB Foods Company Profile
BBB Foods operates Tiendas 3B, a hard-discount grocery retailer in Mexico. Its stores focus on everyday low prices and a streamlined shopping experience, offering a selected assortment of food and household products from both national brands and private-label lines. Founded in 2004, the company has expanded its store network across Mexico. The Tiendas 3B name refers to “bueno, bonito y barato,” or “good, attractive and affordable,” reflecting its emphasis on value. BBB Foods was founded by Anthony Hatoum, who serves as the company’s chief executive officer.
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