34,346 Shares in BBB Foods Inc. $TBBB Bought by Magnus Financial Group LLC

Magnus Financial Group LLC purchased a new stake in BBB Foods Inc. (NYSE:TBBB) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 34,346 shares of the company’s stock, valued at approximately $1,808,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TBBB. Principal Financial Group Inc. bought a new stake in shares of BBB Foods during the first quarter worth $65,967,000. Ninety One UK Ltd acquired a new stake in shares of BBB Foods during the third quarter worth $59,033,000. Wasatch Advisors LP lifted its position in BBB Foods by 20.3% in the 1st quarter. Wasatch Advisors LP now owns 4,099,825 shares of the company’s stock valued at $145,011,000 after acquiring an additional 690,544 shares in the last quarter. Carmignac Gestion lifted its position in BBB Foods by 526.5% in the 2nd quarter. Carmignac Gestion now owns 670,106 shares of the company’s stock valued at $27,917,000 after acquiring an additional 563,141 shares in the last quarter. Finally, Ninety One North America Inc. bought a new stake in BBB Foods in the 3rd quarter valued at $17,591,000. Institutional investors and hedge funds own 8.42% of the company’s stock.

Insider Transactions at BBB Foods

In other BBB Foods news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $51.00, for a total transaction of $388,773.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

BBB Foods Stock Performance

Shares of TBBB stock opened at $58.40 on Thursday. The company’s fifty day simple moving average is $52.04 and its 200-day simple moving average is $43.74. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.68 and a quick ratio of 0.44. BBB Foods Inc. has a 12 month low of $25.84 and a 12 month high of $59.60.

BBB Foods (NYSE:TBBB) last announced its earnings results on Wednesday, August 12th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.03). The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.42 billion. BBB Foods had a negative return on equity of 72.47% and a negative net margin of 3.68%. On average, research analysts predict that BBB Foods Inc. will post -0.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TBBB has been the subject of a number of research analyst reports. Scotiabank reaffirmed an “outperform” rating and issued a $65.00 target price on shares of BBB Foods in a research note on Thursday, August 27th. Zacks Research raised BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. UBS Group lifted their price target on BBB Foods from $58.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup restated a “buy” rating on shares of BBB Foods in a report on Monday, September 14th. Finally, Weiss Ratings raised BBB Foods from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $51.88.

BBB Foods Profile

BBB Foods Inc operates Tiendas 3B, a hard-discount grocery retail chain in Mexico. Its stores focus on everyday consumer essentials, including food, beverages, household products and personal-care items, offered primarily through a combination of private-label and selected national-brand products.

The company’s business model emphasizes a limited assortment, compact store formats and value-oriented pricing. Tiendas 3B stores primarily serve communities in Mexico, with a presence concentrated in the country’s central and southern regions.

BBB Foods was founded in 2004 and is led by Anthony Hatoum, who serves as the company’s chief executive officer.