UBS Group AG Acquires 64,511 Shares of BBB Foods Inc. $TBBB

UBS Group AG lifted its position in shares of BBB Foods Inc. (NYSE:TBBB) by 21.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 365,441 shares of the company’s stock after acquiring an additional 64,511 shares during the quarter. UBS Group AG owned approximately 0.32% of BBB Foods worth $12,202,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TBBB. Goldman Sachs Group Inc. boosted its holdings in shares of BBB Foods by 276.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 156,526 shares of the company’s stock valued at $4,176,000 after acquiring an additional 114,990 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of BBB Foods by 48.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 285,206 shares of the company’s stock valued at $7,917,000 after acquiring an additional 92,989 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of BBB Foods by 57.7% during the 2nd quarter. Sei Investments Co. now owns 417,794 shares of the company’s stock valued at $11,598,000 after acquiring an additional 152,883 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of BBB Foods by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 705,005 shares of the company’s stock valued at $19,571,000 after acquiring an additional 2,434 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of BBB Foods by 32.3% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,979 shares of the company’s stock valued at $4,774,000 after acquiring an additional 41,979 shares in the last quarter. Institutional investors and hedge funds own 8.42% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TBBB shares. JPMorgan Chase & Co. raised their price objective on BBB Foods from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Monday, April 20th. Scotiabank raised their price objective on BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of BBB Foods in a report on Friday, March 27th. UBS Group raised their price objective on BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Finally, Wells Fargo & Company set a $42.00 price objective on BBB Foods in a report on Friday, March 13th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $42.50.

BBB Foods Stock Performance

Shares of TBBB stock opened at $36.42 on Friday. The business’s 50 day simple moving average is $35.65 and its 200 day simple moving average is $34.16. BBB Foods Inc. has a one year low of $23.81 and a one year high of $40.09. The stock has a market capitalization of $4.25 billion, a PE ratio of -23.50 and a beta of 0.02. The company has a debt-to-equity ratio of 2.61, a current ratio of 0.62 and a quick ratio of 0.35.

BBB Foods (NYSE:TBBB) last announced its earnings results on Wednesday, May 6th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.03). BBB Foods had a negative net margin of 3.95% and a negative return on equity of 82.15%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. As a group, research analysts forecast that BBB Foods Inc. will post -0.57 earnings per share for the current year.

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.