Zweig DiMenna Associates LLC Increases Holdings in BBB Foods Inc. (NYSE:TBBB)

Zweig DiMenna Associates LLC boosted its holdings in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 396,641 shares of the company's stock after purchasing an additional 18,541 shares during the quarter. Zweig DiMenna Associates LLC owned approximately 0.35% of BBB Foods worth $11,217,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Driehaus Capital Management LLC purchased a new position in shares of BBB Foods in the second quarter valued at approximately $26,562,000. Public Employees Retirement System of Ohio purchased a new position in shares of BBB Foods in the third quarter valued at approximately $24,694,000. Quest Partners LLC purchased a new position in shares of BBB Foods in the third quarter valued at approximately $16,899,000. FMR LLC lifted its position in shares of BBB Foods by 23.0% in the third quarter. FMR LLC now owns 2,616,770 shares of the company's stock valued at $78,503,000 after acquiring an additional 490,100 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of BBB Foods by 891.3% in the second quarter. Sei Investments Co. now owns 296,390 shares of the company's stock valued at $7,072,000 after acquiring an additional 266,490 shares in the last quarter. Hedge funds and other institutional investors own 8.42% of the company's stock.

BBB Foods Stock Up 1.8 %

TBBB stock traded up $0.56 during midday trading on Friday, hitting $30.76. 957,406 shares of the company's stock were exchanged, compared to its average volume of 628,194. The business has a 50-day simple moving average of $29.96 and a two-hundred day simple moving average of $29.81. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.79 and a quick ratio of 0.54. BBB Foods Inc. has a 1-year low of $18.71 and a 1-year high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its earnings results on Monday, November 25th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.07. On average, analysts expect that BBB Foods Inc. will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Itau BBA Securities assumed coverage on BBB Foods in a report on Wednesday. They issued a "market perform" rating and a $32.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $30.75.

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.