201,695 Shares in BBB Foods Inc. $TBBB Acquired by Triasima Portfolio Management inc.

Key Points

• Triasima Portfolio Management acquired 201,695 BBB Foods shares worth approximately $10.6 million, giving the fund a 0.17% stake and making TBBB its 24th-largest holding. Institutional investors collectively own 8.42% of the company.
• BBB Foods reported quarterly revenue of $1.49 billion, exceeding estimates of $1.42 billion, but its loss of $0.19 per share missed the $0.16 consensus forecast. Analysts project a full-year loss of $0.62 per share.
• The stock opened at $56.07, near its 52-week high of $57.30. Analyst sentiment is broadly positive, with a “Moderate Buy” consensus and an average price target of $50.50, while recent targets include $65 from Scotiabank and $67 from JPMorgan.

Triasima Portfolio Management inc. acquired a new stake in BBB Foods Inc. (NYSE:TBBB - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 201,695 shares of the company's stock, valued at approximately $10,617,000. BBB Foods comprises approximately 1.4% of Triasima Portfolio Management inc.'s investment portfolio, making the stock its 24th biggest position. Triasima Portfolio Management inc. owned 0.17% of BBB Foods at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. purchased a new stake in shares of BBB Foods during the first quarter valued at approximately $65,967,000. Ninety One UK Ltd purchased a new position in shares of BBB Foods in the third quarter worth $59,033,000. Wasatch Advisors LP increased its stake in shares of BBB Foods by 20.3% in the first quarter. Wasatch Advisors LP now owns 4,099,825 shares of the company's stock worth $145,011,000 after buying an additional 690,544 shares during the period. Carmignac Gestion increased its stake in shares of BBB Foods by 526.5% in the second quarter. Carmignac Gestion now owns 670,106 shares of the company's stock worth $27,917,000 after buying an additional 563,141 shares during the period. Finally, Ninety One North America Inc. purchased a new position in shares of BBB Foods in the third quarter worth $17,591,000. Institutional investors own 8.42% of the company's stock.

BBB Foods Stock Performance

NYSE TBBB opened at $56.07 on Friday. BBB Foods Inc. has a fifty-two week low of $25.84 and a fifty-two week high of $57.30. The company has a current ratio of 0.68, a quick ratio of 0.44 and a debt-to-equity ratio of 2.16. The stock has a 50 day simple moving average of $50.71 and a two-hundred day simple moving average of $43.10.

BBB Foods (NYSE:TBBB - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.03). BBB Foods had a negative return on equity of 72.47% and a negative net margin of 3.68%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.42 billion. Research analysts forecast that BBB Foods Inc. will post -0.62 earnings per share for the current year.

Analysts Set New Price Targets

TBBB has been the subject of several analyst reports. Scotiabank reissued an "outperform" rating and set a $65.00 price target on shares of BBB Foods in a research report on Thursday, August 27th. JPMorgan Chase & Co. raised their price target on shares of BBB Foods from $48.00 to $67.00 and gave the stock an "overweight" rating in a report on Thursday, September 10th. Weiss Ratings upgraded shares of BBB Foods from a "sell (d+)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. Citigroup restated a "buy" rating on shares of BBB Foods in a research report on Monday, September 14th. Finally, Zacks Research raised shares of BBB Foods from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, BBB Foods currently has a consensus rating of "Moderate Buy" and an average price target of $50.50.

Insider Activity at BBB Foods

In related news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the firm's stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $51.00, for a total value of $388,773.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

BBB Foods Company Profile

BBB Foods Inc operates Tiendas 3B, a hard-discount grocery retail chain in Mexico. The company serves value-conscious consumers through small-format neighborhood stores focused on convenient locations, a streamlined shopping experience and everyday low prices.

Tiendas 3B stores offer a selection of essential grocery and household products, including packaged foods, beverages, personal-care items, cleaning supplies and other daily necessities. The assortment combines private-label merchandise with branded products, and certain locations also carry fresh or perishable goods.

BBB Foods was established to develop the hard-discount retail model in Mexico and has expanded its store network across the country, primarily in urban and suburban communities.

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