Fmr LLC Purchases 878,003 Shares of BBB Foods Inc. (NYSE:TBBB)

FMR LLC raised its holdings in BBB Foods Inc. (NYSE:TBBB - Free Report) by 33.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,494,773 shares of the company's stock after acquiring an additional 878,003 shares during the quarter. FMR LLC owned 3.11% of BBB Foods worth $98,832,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Atika Capital Management LLC lifted its holdings in shares of BBB Foods by 21.3% during the fourth quarter. Atika Capital Management LLC now owns 220,700 shares of the company's stock valued at $6,241,000 after purchasing an additional 38,700 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its position in BBB Foods by 33.7% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 32,574 shares of the company's stock worth $921,000 after buying an additional 8,207 shares in the last quarter. William Blair Investment Management LLC grew its stake in BBB Foods by 8.8% in the fourth quarter. William Blair Investment Management LLC now owns 2,118,138 shares of the company's stock valued at $59,901,000 after purchasing an additional 170,811 shares in the last quarter. Picton Mahoney Asset Management increased its position in BBB Foods by 13.5% in the 4th quarter. Picton Mahoney Asset Management now owns 29,400 shares of the company's stock worth $831,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Barings LLC raised its stake in shares of BBB Foods by 375.0% during the 4th quarter. Barings LLC now owns 37,959 shares of the company's stock worth $1,073,000 after purchasing an additional 29,968 shares in the last quarter. Institutional investors own 8.42% of the company's stock.

BBB Foods Price Performance

Shares of NYSE:TBBB traded up $0.20 during trading on Friday, reaching $25.96. The stock had a trading volume of 718,242 shares, compared to its average volume of 835,681. The business's 50-day moving average price is $26.34 and its 200 day moving average price is $29.18. BBB Foods Inc. has a 52 week low of $19.67 and a 52 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 results 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 anticipate that BBB Foods Inc. will post 0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on TBBB shares. Itau BBA Securities began coverage on BBB Foods in a research note on Wednesday, January 22nd. They issued a "market perform" rating and a $32.00 price target for the company. Scotiabank set a $37.00 price target on shares of BBB Foods and gave the stock an "outperform" rating in a research note on Friday, April 11th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $33.00.

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.