Inspire Advisors LLC Invests $634,000 in BBB Foods Inc. $TBBB

Inspire Advisors LLC bought a new stake in BBB Foods Inc. (NYSE:TBBB) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,500 shares of the company’s stock, valued at approximately $634,000.

Other hedge funds have also recently modified their holdings of the company. Wasatch Advisors LP lifted its position in BBB Foods by 314.6% in the second 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. 3G Capital Partners LP increased its position in shares of 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 purchasing an additional 1,150,000 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of BBB Foods by 0.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 1,165,895 shares of the company’s stock valued at $32,365,000 after purchasing an additional 3,200 shares during the last quarter. Engle Capital Management L.P. lifted its holdings in shares of BBB Foods by 5.4% in the 2nd quarter. Engle Capital Management L.P. now owns 727,000 shares of the company’s stock valued at $20,182,000 after purchasing an additional 37,000 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of BBB Foods by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 705,005 shares of the company’s stock valued at $19,571,000 after purchasing an additional 2,434 shares during the period. 8.42% of the stock is owned by hedge funds and other institutional investors.

BBB Foods Stock Performance

NYSE:TBBB opened at $32.51 on Wednesday. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.65 and a quick ratio of 0.39. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of -38.70, a price-to-earnings-growth ratio of 15.62 and a beta of -0.14. The firm’s fifty day moving average price is $32.64 and its 200 day moving average price is $28.53. BBB Foods Inc. has a 1-year low of $23.00 and a 1-year high of $35.38.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings data on Wednesday, November 19th. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.23). The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.06 billion. BBB Foods had a negative return on equity of 44.56% and a negative net margin of 2.61%. On average, sell-side analysts expect that BBB Foods Inc. will post 0.15 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wall Street Zen lowered BBB Foods from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research cut shares of BBB Foods from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. upped their price target on shares of BBB Foods from $35.50 to $39.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. The Goldman Sachs Group raised their price objective on shares of BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, December 18th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.