Numerai GP LLC Buys Shares of 10,953 BBB Foods Inc. (NYSE:TBBB)

Numerai GP LLC purchased a new position in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,953 shares of the company's stock, valued at approximately $310,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of BBB Foods in the 4th quarter valued at about $375,000. Tempus Wealth Planning LLC purchased a new stake in shares of BBB Foods in the fourth quarter valued at approximately $343,000. Barings LLC raised its stake in shares of BBB Foods by 375.0% during the 4th quarter. Barings LLC now owns 37,959 shares of the company's stock worth $1,073,000 after buying an additional 29,968 shares during the period. William Blair Investment Management LLC raised its stake in shares of BBB Foods by 8.8% during the 4th quarter. William Blair Investment Management LLC now owns 2,118,138 shares of the company's stock worth $59,901,000 after buying an additional 170,811 shares during the period. Finally, Zweig DiMenna Associates LLC lifted its position in shares of BBB Foods by 4.9% during the 4th quarter. Zweig DiMenna Associates LLC now owns 396,641 shares of the company's stock valued at $11,217,000 after buying an additional 18,541 shares in the last quarter. Institutional investors and hedge funds own 8.42% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Scotiabank set a $37.00 price target on shares of BBB Foods and gave the stock an "outperform" rating in a report on Friday, April 11th. Itau BBA Securities raised shares of BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 target price for the company in a research note on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, BBB Foods currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.67.

BBB Foods Price Performance

TBBB stock traded down $0.50 during midday trading on Wednesday, reaching $30.72. The stock had a trading volume of 99,158 shares, compared to its average volume of 801,875. 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. The company's fifty day simple moving average is $27.70 and its 200 day simple moving average is $28.77. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 139.61 and a beta of 0.49.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $838.41 million for the quarter, compared to analysts' expectations of $836.80 million. As a group, sell-side analysts predict that BBB Foods Inc. will post 0.15 earnings per share for the current fiscal 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.