BBB Foods Inc. $TBBB Stock Position Raised by 12 West Capital Management LP

12 West Capital Management LP boosted its holdings in BBB Foods Inc. (NYSE:TBBB) by 39.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,382,770 shares of the company’s stock after acquiring an additional 963,712 shares during the period. BBB Foods accounts for about 9.5% of 12 West Capital Management LP’s investment portfolio, making the stock its 4th largest position. 12 West Capital Management LP owned about 2.96% of BBB Foods worth $91,199,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TBBB. Capital Research Global Investors grew its position in shares of BBB Foods by 2.6% in the third quarter. Capital Research Global Investors now owns 5,882,050 shares of the company’s stock valued at $158,580,000 after purchasing an additional 151,003 shares during the last quarter. Wasatch Advisors LP lifted its stake in BBB Foods by 314.6% in the 2nd quarter. Wasatch Advisors LP now owns 2,192,012 shares of the company’s stock valued at $60,850,000 after buying an additional 1,663,338 shares in the last quarter. 3G Capital Partners LP grew its holdings in BBB Foods by 6.7% during the 3rd quarter. 3G Capital Partners LP now owns 1,600,000 shares of the company’s stock valued at $43,136,000 after buying an additional 100,000 shares during the last quarter. Duquesne Family Office LLC grew its holdings in BBB Foods by 228.1% during the 3rd quarter. Duquesne Family Office LLC now owns 1,183,125 shares of the company’s stock valued at $31,897,000 after buying an additional 822,575 shares during the last quarter. Finally, Capital International Inc. CA increased its position in BBB Foods by 1.3% during the third quarter. Capital International Inc. CA now owns 1,009,352 shares of the company’s stock worth $27,212,000 after buying an additional 13,320 shares in the last quarter. 8.42% of the stock is currently owned by hedge funds and other institutional investors.

BBB Foods Price Performance

TBBB stock opened at $33.11 on Friday. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of -25.08 and a beta of -0.16. The company has a quick ratio of 0.39, a current ratio of 0.65 and a debt-to-equity ratio of 2.21. BBB Foods Inc. has a 52-week low of $23.75 and a 52-week high of $40.09. The stock’s fifty day simple moving average is $35.24 and its 200-day simple moving average is $31.22.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TBBB. Morgan Stanley raised BBB Foods to an “overweight” rating in a report on Wednesday, January 28th. The Goldman Sachs Group lifted their price objective on BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, December 18th. Weiss Ratings reissued a “sell (d+)” rating on shares of BBB Foods in a research note on Monday, December 29th. UBS Group upped their target price on shares of BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Finally, Itau BBA Securities raised shares of BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research note on Friday. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $39.50.

BBB Foods 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.