Carmignac Gestion Invests $3.78 Million in BBB Foods Inc. $TBBB

Carmignac Gestion acquired a new stake in shares of BBB Foods Inc. (NYSE:TBBB) in the first quarter, Holdings Channel reports. The fund acquired 106,965 shares of the company’s stock, valued at approximately $3,778,000.

A number of other institutional investors have also recently added to or reduced their stakes in TBBB. Farther Finance Advisors LLC lifted its stake in BBB Foods by 92.5% in the fourth quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock valued at $28,000 after buying an additional 396 shares during the last quarter. Osaic Holdings Inc. acquired a new stake in shares of BBB Foods in the 2nd quarter worth about $25,000. Larson Financial Group LLC lifted its position in BBB Foods by 547.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock valued at $28,000 after purchasing an additional 893 shares during the last quarter. Smartleaf Asset Management LLC bought a new stake in BBB Foods in the 4th quarter valued at about $39,000. Finally, Toth Financial Advisory Corp boosted its stake in BBB Foods by 29.0% during the 4th quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock valued at $53,000 after purchasing an additional 360 shares during the period. 8.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TBBB has been the topic of several analyst reports. HSBC upgraded shares of BBB Foods from a “hold” rating to a “buy” rating and raised their price target for the company from $38.00 to $47.00 in a research note on Wednesday, May 27th. Scotiabank raised their target price on BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Citigroup assumed coverage on BBB Foods in a research note on Friday. They set a “buy” rating and a $49.00 target price on the stock. Wall Street Zen upgraded BBB Foods from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of BBB Foods in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $44.12.

BBB Foods Stock Down 0.3%

TBBB stock opened at $41.21 on Monday. BBB Foods Inc. has a 52 week low of $23.81 and a 52 week high of $43.81. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of -26.59 and a beta of -0.02. The firm’s 50-day moving average is $40.40 and its two-hundred day moving average is $37.41. The company has a current ratio of 0.60, a quick ratio of 0.35 and a debt-to-equity ratio of 2.76.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. BBB Foods had a negative return on equity of 79.86% and a negative net margin of 3.95%. On average, analysts forecast that BBB Foods Inc. will post -0.61 earnings per share 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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.