VELA Investment Management LLC Has $667,000 Stake in BBB Foods Inc. (NYSE:TBBB)

VELA Investment Management LLC boosted its holdings in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 66.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,000 shares of the company's stock after purchasing an additional 10,000 shares during the period. VELA Investment Management LLC's holdings in BBB Foods were worth $667,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in BBB Foods in the first quarter valued at about $37,000. Toronto Dominion Bank bought a new stake in BBB Foods during the 4th quarter worth approximately $141,000. White Oak Capital Partners Pte. Ltd. acquired a new stake in BBB Foods during the 4th quarter worth approximately $226,000. Blue Trust Inc. acquired a new position in shares of BBB Foods in the first quarter valued at approximately $212,000. Finally, J.Safra Asset Management Corp increased its position in shares of BBB Foods by 6.4% during the first quarter. J.Safra Asset Management Corp now owns 10,925 shares of the company's stock worth $291,000 after acquiring an additional 661 shares in the last quarter. 8.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Itau BBA Securities raised shares of BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price objective for the company in a research report on Monday, April 21st. UBS Group boosted their price target on BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Finally, Scotiabank set a $37.00 price target on BBB Foods and gave the company an "outperform" rating in a report on Friday, April 11th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $34.00.

BBB Foods Stock Down 0.2%

TBBB traded down $0.06 on Friday, hitting $27.73. 274,240 shares of the company were exchanged, compared to its average volume of 740,288. BBB Foods Inc. has a 12 month low of $23.00 and a 12 month high of $35.22. The company has a market cap of $3.17 billion, a PE ratio of 126.05 and a beta of 0.02. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.49 and a current ratio of 0.74. The stock's fifty day moving average is $28.47 and its 200-day moving average is $28.07.

BBB Foods (NYSE:TBBB - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.10). BBB Foods had a return on equity of 13.08% and a net margin of 0.85%. The company had revenue of $838.41 million for the quarter, compared to the consensus estimate of $836.80 million. Equities research analysts predict that BBB Foods Inc. will post 0.15 EPS for the current fiscal 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.