BBB Foods Inc. $TBBB Shares Newly Purchased by Magnus Financial Group LLC

Key Points

• Magnus Financial Group purchased 34,346 BBB Foods shares worth approximately $1.8 million in the third quarter. Institutional investors now own 8.42% of the company, with several other firms also increasing or initiating positions.
• Analyst sentiment is generally positive: seven analysts rate the stock a Buy and three rate it a Hold, producing a consensus “Moderate Buy” rating and an average price target of $51.88. UBS and JPMorgan recently raised their targets to $69 and $67, respectively.
• BBB Foods shares opened at $58.40, near their 12-month high of $59.60, despite the company reporting a quarterly EPS loss of $0.19 versus the expected $0.16 loss. Revenue of $1.49 billion exceeded estimates, but the company posted a negative net margin and analysts expect a full-year loss.

Magnus Financial Group LLC bought a new stake in BBB Foods Inc. (NYSE:TBBB - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 34,346 shares of the company's stock, valued at approximately $1,808,000.

Several other hedge funds also recently modified their holdings of TBBB. Wasatch Advisors LP raised its stake in shares of BBB Foods by 3.4% during the second quarter. Wasatch Advisors LP now owns 4,239,474 shares of the company's stock worth $176,659,000 after buying an additional 139,649 shares during the last quarter. Principal Financial Group Inc. acquired a new position in BBB Foods in the first quarter valued at approximately $65,967,000. Ninety One UK Ltd bought a new position in BBB Foods in the third quarter valued at 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 valued at $26,479,000 after acquiring an additional 72,646 shares during the last quarter. Finally, Carmignac Gestion boosted its stake in BBB Foods by 526.5% in 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. Institutional investors own 8.42% of the company's stock.

Wall Street Analysts Forecast Growth

TBBB has been the subject of a number of analyst reports. Scotiabank reaffirmed an "outperform" rating and set a $65.00 target price on shares of BBB Foods in a report on Thursday, August 27th. UBS Group increased their price target on BBB Foods from $58.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday. Zacks Research upgraded BBB Foods from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Weiss Ratings raised BBB Foods from a "sell (d+)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Finally, JPMorgan Chase & Co. increased their target price on BBB Foods from $48.00 to $67.00 and gave the company an "overweight" rating in a research note on Thursday, September 10th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, BBB Foods presently has a consensus rating of "Moderate Buy" and a consensus price target of $51.88.

BBB Foods Price Performance

Shares of NYSE TBBB opened at $58.40 on Thursday. BBB Foods Inc. has a twelve month low of $25.84 and a twelve month high of $59.60. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.68 and a quick ratio of 0.44. The company's fifty day moving average is $52.04 and its 200-day moving average is $43.74.

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

Insider Transactions at BBB Foods

In other BBB Foods news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the business's stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $51.00, for a total value of $388,773.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BBB Foods Profile

BBB Foods Inc operates Tiendas 3B, a hard-discount grocery retail chain in Mexico. Its stores focus on everyday consumer essentials, including food, beverages, household products and personal-care items, offered primarily through a combination of private-label and selected national-brand products.

The company's business model emphasizes a limited assortment, compact store formats and value-oriented pricing. Tiendas 3B stores primarily serve communities in Mexico, with a presence concentrated in the country's central and southern regions.

BBB Foods was founded in 2004 and is led by Anthony Hatoum, who serves as the company's chief executive officer.

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