12 West Capital Management LP Invests $48.54 Million in BBB Foods Inc. (NYSE:TBBB)

12 West Capital Management LP purchased a new position in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,716,558 shares of the company's stock, valued at approximately $48,544,000. BBB Foods makes up approximately 5.1% of 12 West Capital Management LP's portfolio, making the stock its 7th largest position. 12 West Capital Management LP owned approximately 1.53% of BBB Foods at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Picton Mahoney Asset Management raised its position in shares of BBB Foods by 13.5% in the 4th quarter. Picton Mahoney Asset Management now owns 29,400 shares of the company's stock valued at $831,000 after purchasing an additional 3,500 shares in the last quarter. J.Safra Asset Management Corp increased its stake in shares of BBB Foods by 204.7% in the fourth quarter. J.Safra Asset Management Corp now owns 10,264 shares of the company's stock worth $293,000 after buying an additional 6,895 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of BBB Foods by 0.6% in the third quarter. JPMorgan Chase & Co. now owns 1,274,625 shares of the company's stock worth $38,239,000 after buying an additional 7,014 shares during the last quarter. Virtu Financial LLC acquired a new stake in BBB Foods in the third quarter valued at $230,000. Finally, Northwest & Ethical Investments L.P. boosted its stake in BBB Foods by 33.7% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 32,574 shares of the company's stock valued at $921,000 after acquiring an additional 8,207 shares during the last quarter. Hedge funds and other institutional investors own 8.42% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Itau BBA Securities initiated coverage on shares of BBB Foods in a research report on Wednesday, January 22nd. They issued a "market perform" rating and a $32.00 target price for the company. Scotiabank set a $37.00 price objective on BBB Foods and gave the company an "outperform" rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $33.00.

BBB Foods Price Performance

TBBB stock traded down $0.35 during midday trading on Tuesday, reaching $26.87. The company had a trading volume of 394,837 shares, compared to its average volume of 838,325. The stock has a 50 day moving average price of $26.43 and a 200 day moving average price of $29.26. BBB Foods Inc. has a fifty-two week low of $19.31 and a fifty-two week high of $35.22. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79.

BBB Foods (NYSE:TBBB - Get Free Report) last released its quarterly earnings data on Wednesday, April 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.02 by ($1.03). The company had revenue of $784.03 million during the quarter, compared to analyst estimates of $16.87 billion. On average, equities analysts predict that BBB Foods Inc. will post 0.15 earnings per share for the current fiscal year.

BBB Foods Company 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.