Baillie Gifford & Co. Boosts Holdings in BBB Foods Inc. $TBBB

Baillie Gifford & Co. boosted its position in shares of BBB Foods Inc. (NYSE:TBBB) by 123.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 194,851 shares of the company’s stock after purchasing an additional 107,622 shares during the quarter. Baillie Gifford & Co. owned about 0.17% of BBB Foods worth $5,253,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Wasatch Advisors LP lifted its stake in shares of BBB Foods by 314.6% in the second quarter. Wasatch Advisors LP now owns 2,192,012 shares of the company’s stock worth $60,850,000 after buying an additional 1,663,338 shares in the last quarter. 3G Capital Partners LP raised its holdings in BBB Foods by 328.6% in the 2nd quarter. 3G Capital Partners LP now owns 1,500,000 shares of the company’s stock worth $41,640,000 after acquiring an additional 1,150,000 shares during the last quarter. Bank of America Corp DE lifted its position in BBB Foods by 153.5% in the 2nd quarter. Bank of America Corp DE now owns 599,626 shares of the company’s stock valued at $16,646,000 after acquiring an additional 363,079 shares in the last quarter. Duquesne Family Office LLC purchased a new stake in BBB Foods during the 2nd quarter valued at $10,009,000. Finally, Thornburg Investment Management Inc. increased its holdings in shares of BBB Foods by 182.1% in the 2nd quarter. Thornburg Investment Management Inc. now owns 417,463 shares of the company’s stock worth $11,589,000 after purchasing an additional 269,462 shares in the last quarter. 8.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on TBBB shares. Wall Street Zen lowered BBB Foods from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. The Goldman Sachs Group lifted their price target on shares of BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, December 18th. Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a research report on Monday, December 29th. JPMorgan Chase & Co. raised their target price on shares of BBB Foods from $35.50 to $39.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Zacks Research lowered shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 7th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $35.80.

BBB Foods Stock Up 1.1%

TBBB opened at $34.21 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.39 and a debt-to-equity ratio of 2.21. BBB Foods Inc. has a 1-year low of $23.00 and a 1-year high of $35.38. The company has a market capitalization of $3.91 billion, a PE ratio of -40.73 and a beta of -0.14. The firm’s 50 day simple moving average is $33.01 and its two-hundred day simple moving average is $28.70.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings data on Wednesday, November 19th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.23). The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. BBB Foods had a negative net margin of 2.61% and a negative return on equity of 44.56%. As a group, equities analysts forecast that BBB Foods Inc. will post 0.15 EPS 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.