Deltec Asset Management LLC Has $1.49 Million Position in BBB Foods Inc. $TBBB

Key Points

• Deltec Asset Management increased its stake in BBB Foods by 239.7% in Q4 to 44,500 shares (worth $1.486 million), and several large institutions—including Capital Research, 12 West, Wasatch, 3G and Duquesne—also materially boosted positions; institutional ownership is about 8.42%.
• BBB Foods (TBBB) trades near $37.26 with a market cap of $4.35 billion, but recent results showed an EPS miss (‑$0.49 vs. ‑$0.27 est.), negative ROE and net margin, and analyst coverage is mixed with a consensus "Hold" and a $41.40 target.

Deltec Asset Management LLC raised its stake in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 239.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,500 shares of the company's stock after buying an additional 31,400 shares during the quarter. Deltec Asset Management LLC's holdings in BBB Foods were worth $1,486,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Capital Research Global Investors grew its position in shares of BBB Foods by 2.6% during the 3rd quarter. Capital Research Global Investors now owns 5,882,050 shares of the company's stock worth $158,580,000 after buying an additional 151,003 shares during the period. 12 West Capital Management LP grew its position in shares of BBB Foods by 39.8% during the 3rd quarter. 12 West Capital Management LP now owns 3,382,770 shares of the company's stock worth $91,199,000 after buying an additional 963,712 shares during the period. Wasatch Advisors LP grew its position in shares of BBB Foods by 23.8% during the 3rd quarter. Wasatch Advisors LP now owns 2,712,916 shares of the company's stock worth $73,140,000 after buying an additional 520,904 shares during the period. 3G Capital Partners LP grew its position in shares of BBB Foods by 6.7% in the 3rd quarter. 3G Capital Partners LP now owns 1,600,000 shares of the company's stock valued at $43,136,000 after purchasing an additional 100,000 shares during the period. Finally, Duquesne Family Office LLC grew its position in shares of BBB Foods by 228.1% in the 3rd quarter. Duquesne Family Office LLC now owns 1,183,125 shares of the company's stock valued at $31,897,000 after purchasing an additional 822,575 shares during the period. 8.42% of the stock is currently owned by institutional investors and hedge funds.

BBB Foods Price Performance

Shares of TBBB opened at $37.26 on Monday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.35 and a current ratio of 0.62. The stock has a 50 day simple moving average of $35.71 and a 200 day simple moving average of $33.34. BBB Foods Inc. has a 52-week low of $23.81 and a 52-week high of $40.09. The firm has a market capitalization of $4.35 billion, a PE ratio of -28.23 and a beta of 0.01.

BBB Foods (NYSE:TBBB - Get Free Report) last released its quarterly earnings results on Wednesday, March 11th. The company reported ($0.49) earnings per share for the quarter, missing analysts' consensus estimates of ($0.27) by ($0.22). BBB Foods had a negative return on equity of 70.80% and a negative net margin of 3.72%.The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. Sell-side analysts predict that BBB Foods Inc. will post -0.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TBBB shares. Morgan Stanley upgraded BBB Foods to an "overweight" rating in a research report on Wednesday, January 28th. Wall Street Zen lowered BBB Foods from a "hold" rating to a "sell" rating in a research report on Saturday. UBS Group boosted their price objective on BBB Foods from $31.00 to $43.00 and gave the company a "neutral" rating in a research report on Friday, February 20th. Weiss Ratings reiterated a "sell (d+)" rating on shares of BBB Foods in a research report on Friday, March 27th. Finally, Wells Fargo & Company set a $42.00 price objective on BBB Foods in a research report on Friday, March 13th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $41.40.

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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.

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