DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Makes New $3.68 Million Investment in BBB Foods Inc. (NYSE:TBBB)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 130,000 shares of the company's stock, valued at approximately $3,676,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 0.12% of BBB Foods at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Driehaus Capital Management LLC boosted its holdings in BBB Foods by 17.4% in the fourth quarter. Driehaus Capital Management LLC now owns 1,567,285 shares of the company's stock valued at $44,323,000 after acquiring an additional 232,443 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of BBB Foods by 146.1% in the 4th quarter. Ameriprise Financial Inc. now owns 943,857 shares of the company's stock worth $26,692,000 after purchasing an additional 560,280 shares during the period. Alyeska Investment Group L.P. boosted its stake in shares of BBB Foods by 1.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 107,739 shares of the company's stock valued at $3,047,000 after purchasing an additional 1,655 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of BBB Foods by 0.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 547,642 shares of the company's stock valued at $15,487,000 after buying an additional 1,960 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC increased its position in shares of BBB Foods by 3.1% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,853,906 shares of the company's stock valued at $80,708,000 after buying an additional 84,482 shares during the period. 8.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TBBB has been the subject of a number of research reports. Itau BBA Securities upgraded BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price objective for the company in a report on Monday, April 21st. Scotiabank set a $37.00 price target on shares of BBB Foods and gave the stock 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $33.67.

BBB Foods Price Performance

Shares of NYSE:TBBB traded up $0.89 during trading on Tuesday, hitting $28.65. 576,248 shares of the company's stock were exchanged, compared to its average volume of 809,322. The business's 50-day simple moving average is $27.04 and its 200 day simple moving average is $28.85. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 130.23 and a beta of 0.49. BBB Foods Inc. has a 52-week low of $21.39 and a 52-week 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, May 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.10). The firm had revenue of $838.41 million during the quarter, compared to analysts' expectations of $836.80 million. As a group, equities analysts predict that BBB Foods Inc. will post 0.15 EPS for the current year.

BBB Foods 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.