45,100 Shares of BBB Foods Inc. $TBBB Purchased by Calamos Advisors LLC

Key Points

• Calamos Advisors opened a new position in BBB Foods, purchasing 45,100 shares worth about $2.37 million in the third quarter. Institutional investors collectively own 8.42% of the company.
• Analyst sentiment is positive: seven analysts rate TBBB a Buy and three a Hold, giving it a “Moderate Buy” consensus. UBS raised its price target to $69 and JPMorgan to $67, while the consensus target is $51.88.
• BBB Foods reported quarterly EPS of $0.01, beating the expected loss of $0.10, and revenue of $1.57 billion, above estimates of $1.53 billion.

Calamos Advisors LLC acquired a new position 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 acquired 45,100 shares of the company's stock, valued at approximately $2,374,000.

Other institutional investors have also recently modified their holdings of the company. Wasatch Advisors LP raised its holdings in shares of BBB Foods by 3.4% during the 2nd quarter. Wasatch Advisors LP now owns 4,239,474 shares of the company's stock valued at $176,659,000 after buying an additional 139,649 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in BBB Foods in the first quarter worth approximately $65,967,000. Ninety One UK Ltd purchased a new stake in BBB Foods in the third quarter worth approximately $59,033,000. Sei Investments Co. boosted its stake in BBB Foods by 10.7% in the first quarter. Sei Investments Co. now owns 748,627 shares of the company's stock worth $26,479,000 after buying an additional 72,646 shares in the last quarter. Finally, Carmignac Gestion grew its position in BBB Foods by 526.5% during the second quarter. Carmignac Gestion now owns 670,106 shares of the company's stock valued at $27,917,000 after acquiring an additional 563,141 shares during the last quarter. 8.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TBBB has been the topic of several research reports. Citigroup reissued a "buy" rating on shares of BBB Foods in a research note on Monday, September 14th. Weiss Ratings raised shares of BBB Foods from a "sell (d+)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. UBS Group increased their target price 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. Scotiabank reaffirmed an "outperform" rating and set a $65.00 target price on shares of BBB Foods in a report on Thursday, August 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of BBB Foods from $48.00 to $67.00 and gave the stock an "overweight" rating in a research report on Thursday, September 10th. 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $51.88.

BBB Foods Trading Down 0.3%

Shares of TBBB stock opened at $65.41 on Monday. The business has a 50-day moving average of $54.48 and a 200 day moving average of $42.63. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.69 and a quick ratio of 0.45. BBB Foods Inc. has a 1-year low of $25.84 and a 1-year high of $65.91. The stock has a market capitalization of $7.76 billion, a PE ratio of -69.59 and a beta of -0.01.

BBB Foods (NYSE:TBBB - Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.11. BBB Foods had a negative return on equity of 36.98% and a negative net margin of 1.94%. The business had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.53 billion. As a group, sell-side analysts anticipate that BBB Foods Inc. will post -0.62 earnings per share for the current year.

Insider Activity

In other news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the firm's stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $51.00, for a total value of $388,773.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

About BBB Foods

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