Ancient Art L.P. Makes New Investment in BBB Foods Inc. $TBBB

Ancient Art L.P. bought a new position in shares of BBB Foods Inc. (NYSE:TBBB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 138,317 shares of the company’s stock, valued at approximately $3,729,000. BBB Foods comprises approximately 0.9% of Ancient Art L.P.’s investment portfolio, making the stock its 12th biggest holding.

A number of other large investors have also recently made changes to their positions in the stock. J.Safra Asset Management Corp boosted its stake in shares of BBB Foods by 3.5% during the third quarter. J.Safra Asset Management Corp now owns 12,441 shares of the company’s stock valued at $335,000 after purchasing an additional 423 shares during the period. Verdence Capital Advisors LLC increased its stake in BBB Foods by 5.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 9,579 shares of the company’s stock worth $279,000 after buying an additional 484 shares during the period. Jones Financial Companies Lllp lifted its holdings in BBB Foods by 26.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,869 shares of the company’s stock valued at $75,000 after buying an additional 593 shares in the last quarter. Blue Trust Inc. boosted its position in BBB Foods by 6.2% in the 3rd quarter. Blue Trust Inc. now owns 11,170 shares of the company’s stock valued at $301,000 after buying an additional 657 shares during the period. Finally, Orion Porfolio Solutions LLC boosted its position in BBB Foods by 2.9% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 27,163 shares of the company’s stock valued at $732,000 after buying an additional 770 shares during the period. 8.42% of the stock is owned by hedge funds and other institutional investors.

BBB Foods Trading Up 4.2%

NYSE TBBB opened at $33.11 on Friday. BBB Foods Inc. has a one year low of $23.75 and a one year high of $40.09. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.39 and a current ratio of 0.65. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of -25.08 and a beta of -0.16. The company’s 50-day simple moving average is $35.24 and its two-hundred day simple moving average is $31.22.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings results on Wednesday, March 11th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.22). BBB Foods had a negative return on equity of 70.82% and a negative net margin of 3.72%.The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Equities analysts forecast that BBB Foods Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of BBB Foods from a “sell” rating to a “hold” rating in a research report on Saturday. Itau BBA Securities upgraded BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a report on Friday. Zacks Research raised BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. The Goldman Sachs Group raised their price objective on BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, December 18th. Finally, Wells Fargo & Company set a $42.00 target price on BBB Foods in a report on Friday. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $39.50.

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.