Seven Grand Managers LLC Takes Position in BBB Foods Inc. (NYSE:TBBB)

Seven Grand Managers LLC purchased a new stake in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 125,000 shares of the company's stock, valued at approximately $3,535,000. BBB Foods accounts for about 1.6% of Seven Grand Managers LLC's holdings, making the stock its 25th largest position. Seven Grand Managers LLC owned approximately 0.11% of BBB Foods as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Numerai GP LLC acquired a new stake in BBB Foods in the 4th quarter valued at about $310,000. Deutsche Bank AG bought a new stake in BBB Foods during the 4th quarter worth approximately $311,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in BBB Foods in the fourth quarter valued at approximately $3,676,000. Driehaus Capital Management LLC raised its position in shares of BBB Foods by 17.4% in 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 in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in BBB Foods by 146.1% in the fourth quarter. Ameriprise Financial Inc. now owns 943,857 shares of the company's stock valued at $26,692,000 after buying an additional 560,280 shares during the period. 8.42% of the stock is owned by institutional investors and hedge funds.

BBB Foods Price Performance

Shares of NYSE TBBB traded down $0.58 during midday trading on Wednesday, hitting $30.63. The stock had a trading volume of 147,058 shares, compared to its average volume of 802,083. BBB Foods Inc. has a 1 year low of $21.39 and a 1 year high of $35.22. The company has a market capitalization of $3.50 billion, a PE ratio of 139.23 and a beta of 0.49. The stock has a 50 day simple moving average of $27.70 and a 200-day simple moving average of $28.77. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72.

BBB Foods (NYSE:TBBB - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.10). The firm had revenue of $838.41 million for the quarter, compared to analyst estimates of $836.80 million. On average, sell-side analysts expect that BBB Foods Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Scotiabank set a $37.00 price objective on BBB Foods and gave the stock an "outperform" rating in a report on Friday, April 11th. Itau BBA Securities upgraded BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price objective for the company in a report on Monday, April 21st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, BBB Foods presently has a consensus rating of "Moderate Buy" and an average target price of $33.67.

About BBB Foods

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.