BBB Foods Inc. (NYSE:TBBB) Holdings Increased by USS Investment Management Ltd

USS Investment Management Ltd grew its stake in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 604,735 shares of the company's stock after acquiring an additional 77,752 shares during the period. USS Investment Management Ltd owned about 0.54% of BBB Foods worth $17,132,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Toronto Dominion Bank acquired a new position in shares of BBB Foods in the 4th quarter valued at about $141,000. White Oak Capital Partners Pte. Ltd. acquired a new position in shares of BBB Foods in the 4th quarter valued at about $226,000. J.Safra Asset Management Corp boosted its holdings in shares of BBB Foods by 204.7% in the 4th quarter. J.Safra Asset Management Corp now owns 10,264 shares of the company's stock valued at $293,000 after buying an additional 6,895 shares during the period. Numerai GP LLC acquired a new position in shares of BBB Foods in the 4th quarter valued at about $310,000. Finally, Deutsche Bank AG acquired a new position in shares of BBB Foods in the 4th quarter valued at about $311,000. 8.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented 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 target for the company in a report on Monday, April 21st. Scotiabank set a $37.00 price target on shares of BBB Foods and gave the company an "outperform" rating in a report on Friday, April 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $34.20.

BBB Foods Stock Performance

NYSE:TBBB traded down $0.08 during mid-day trading on Friday, hitting $29.71. The stock had a trading volume of 278,109 shares, compared to its average volume of 792,737. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 135.05 and a beta of 0.49. The company has a 50 day simple moving average of $28.01 and a 200-day simple moving average of $28.75. BBB Foods Inc. has a 52 week low of $21.39 and a 52 week high of $35.22. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72.

BBB Foods (NYSE:TBBB - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.10). The company had revenue of $838.41 million for the quarter, compared to analysts' expectations of $836.80 million. On average, research analysts expect that BBB Foods Inc. will post 0.15 earnings per share 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.