Mariner LLC Takes Position in BBB Foods Inc. (NYSE:TBBB)

Mariner LLC bought a new position in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 21,604 shares of the company's stock, valued at approximately $611,000.

Several other large investors also recently modified their holdings of the business. Virtu Financial LLC purchased a new stake in BBB Foods in the third quarter worth $230,000. J.Safra Asset Management Corp increased its stake 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 worth $293,000 after acquiring an additional 6,895 shares in the last quarter. Tempus Wealth Planning LLC purchased a new position in BBB Foods during the 4th quarter valued at about $343,000. SG Americas Securities LLC bought a new stake in BBB Foods during the fourth quarter worth about $375,000. Finally, Picton Mahoney Asset Management grew its holdings in BBB Foods by 13.5% in the fourth quarter. Picton Mahoney Asset Management now owns 29,400 shares of the company's stock worth $831,000 after purchasing an additional 3,500 shares during the period. 8.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TBBB has been the topic of a number of analyst reports. Scotiabank set a $37.00 price target on BBB Foods and gave the stock an "outperform" rating in a research report on Friday, April 11th. Itau BBA Securities raised BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 target price on the stock in a research note on Monday, April 21st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $33.67.

BBB Foods Stock Up 0.5 %

NYSE TBBB opened at $30.43 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72. The stock has a 50-day moving average of $26.53 and a 200 day moving average of $29.09. BBB Foods Inc. has a one year low of $21.39 and a one year high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 9th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $1.02 by ($1.03). The company had revenue of $784.03 million for the quarter, compared to the consensus estimate of $16.87 billion. As a group, analysts forecast 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.

Want to see what other hedge funds are holding TBBB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BBB Foods Inc. (NYSE:TBBB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.