Harbour Capital Advisors LLC Acquires New Shares in BBB Foods Inc. $TBBB

Harbour Capital Advisors LLC acquired a new position in shares of BBB Foods Inc. (NYSE:TBBB) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,350 shares of the company’s stock, valued at approximately $414,000.

A number of other institutional investors also recently bought and sold shares of the company. 12 West Capital Management LP increased its position in shares of BBB Foods by 33.4% in the first quarter. 12 West Capital Management LP now owns 2,289,058 shares of the company’s stock valued at $61,072,000 after buying an additional 572,500 shares in the last quarter. Wasatch Advisors LP grew its stake in BBB Foods by 314.6% in the 2nd quarter. Wasatch Advisors LP now owns 2,192,012 shares of the company’s stock valued at $60,850,000 after acquiring an additional 1,663,338 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in BBB Foods by 73.2% during the 1st quarter. Ameriprise Financial Inc. now owns 1,634,417 shares of the company’s stock valued at $43,606,000 after acquiring an additional 690,560 shares in the last quarter. 3G Capital Partners LP raised its position in BBB Foods by 328.6% during the second quarter. 3G Capital Partners LP now owns 1,500,000 shares of the company’s stock worth $41,640,000 after acquiring an additional 1,150,000 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of BBB Foods by 942.8% in the first quarter. Millennium Management LLC now owns 1,240,966 shares of the company’s stock valued at $33,109,000 after purchasing an additional 1,121,959 shares in the last quarter. 8.42% of the stock is currently owned by hedge funds and other institutional investors.

BBB Foods Trading Up 1.4%

Shares of TBBB opened at $33.68 on Friday. BBB Foods Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $34.92. The company has a market capitalization of $3.85 billion, a PE ratio of -40.09 and a beta of -0.15. The stock has a fifty day moving average of $30.14 and a two-hundred day moving average of $27.51. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.39 and a current ratio of 0.65.

BBB Foods (NYSE:TBBB) last posted its quarterly earnings data on Wednesday, November 19th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.23). The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.06 billion. BBB Foods had a negative return on equity of 44.56% and a negative net margin of 2.61%. As a group, analysts forecast that BBB Foods Inc. will post 0.15 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TBBB. JPMorgan Chase & Co. raised their price objective on shares of BBB Foods from $35.50 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Zacks Research upgraded BBB Foods from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th. The Goldman Sachs Group boosted their price target on BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday. Wall Street Zen upgraded BBB Foods from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a research report on Monday. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, BBB Foods currently has an average rating of “Hold” and a consensus price target of $35.80.

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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.