12 West Capital Management LP Makes New Investment in BBB Foods Inc. (NYSE:TBBB)

12 West Capital Management LP acquired a new position in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,716,558 shares of the company's stock, valued at approximately $48,544,000. BBB Foods accounts for approximately 5.1% of 12 West Capital Management LP's portfolio, making the stock its 7th biggest position. 12 West Capital Management LP owned 1.53% of BBB Foods as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Virtu Financial LLC purchased a new position in BBB Foods in the third quarter worth approximately $230,000. JPMorgan Chase & Co. grew its stake in shares of BBB Foods by 0.6% during the third quarter. JPMorgan Chase & Co. now owns 1,274,625 shares of the company's stock worth $38,239,000 after purchasing an additional 7,014 shares in the last quarter. SG Americas Securities LLC purchased a new position in BBB Foods in the fourth quarter valued at $375,000. Zweig DiMenna Associates LLC raised its stake in BBB Foods by 4.9% in the fourth quarter. Zweig DiMenna Associates LLC now owns 396,641 shares of the company's stock valued at $11,217,000 after buying an additional 18,541 shares in the last quarter. Finally, Tempus Wealth Planning LLC purchased a new stake in BBB Foods during the 4th quarter worth about $343,000. 8.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on TBBB. Itau BBA Securities assumed coverage on BBB Foods in a report on Wednesday, January 22nd. They issued a "market perform" rating and a $32.00 price objective on the stock. Scotiabank set a $37.00 price objective on shares of BBB Foods and gave the stock an "outperform" rating in a report on Friday, April 11th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $33.00.

BBB Foods Trading Up 0.8 %

Shares of TBBB stock traded up $0.20 during trading hours on Friday, hitting $25.96. The stock had a trading volume of 718,242 shares, compared to its average volume of 836,549. The stock's 50 day moving average is $26.37 and its 200 day moving average is $29.21. BBB Foods Inc. has a twelve month low of $19.67 and a twelve month high of $35.22. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.79 and a quick ratio of 0.54.

BBB Foods (NYSE:TBBB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($1.03). The business had revenue of $784.03 million for the quarter, compared to the consensus estimate of $16.87 billion. As a group, equities analysts anticipate that BBB Foods Inc. will post 0.15 earnings per share for the current 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.