TT International Asset Management LTD Takes Position in BBB Foods Inc. (NYSE:TBBB)

TT International Asset Management LTD acquired a new stake in BBB Foods Inc. (NYSE:TBBB - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 571,999 shares of the company's stock, valued at approximately $15,261,000. BBB Foods comprises 2.2% of TT International Asset Management LTD's holdings, making the stock its 13th biggest position. TT International Asset Management LTD owned approximately 0.50% of BBB Foods at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in TBBB. 12 West Capital Management LP bought a new position in shares of BBB Foods in the 4th quarter worth $48,544,000. Capital Research Global Investors boosted its position in shares of BBB Foods by 37.3% during the fourth quarter. Capital Research Global Investors now owns 5,330,214 shares of the company's stock valued at $150,738,000 after buying an additional 1,448,093 shares during the last quarter. FMR LLC raised its position in BBB Foods by 33.6% in the 4th quarter. FMR LLC now owns 3,494,773 shares of the company's stock valued at $98,832,000 after buying an additional 878,003 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in BBB Foods by 146.1% during the 4th quarter. Ameriprise Financial Inc. now owns 943,857 shares of the company's stock valued at $26,692,000 after acquiring an additional 560,280 shares in the last quarter. Finally, Driehaus Capital Management LLC boosted its holdings in BBB Foods by 17.4% during the 4th quarter. Driehaus Capital Management LLC now owns 1,567,285 shares of the company's stock worth $44,323,000 after acquiring an additional 232,443 shares during the last quarter. 8.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TBBB has been the subject of several recent research reports. UBS Group lifted their price objective on BBB Foods from $32.00 to $33.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Scotiabank set a $37.00 target price on shares of BBB Foods and gave the stock an "outperform" rating in a research note on Friday, April 11th. Finally, Itau BBA Securities raised BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price target for the company in a research report on Monday, April 21st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $34.00.

BBB Foods Price Performance

Shares of TBBB traded down $0.36 during mid-day trading on Tuesday, reaching $26.64. The stock had a trading volume of 635,334 shares, compared to its average volume of 749,373. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 121.08 and a beta of 0.16. BBB Foods Inc. has a 12 month low of $22.03 and a 12 month high of $35.22. The business has a fifty day moving average of $28.49 and a 200 day moving average of $28.16. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.49 and a current ratio of 0.74.

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

BBB Foods 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.