Militia Capital Management LLC Purchases New Position in BBB Foods Inc. $TBBB

Militia Capital Management LLC purchased a new stake in shares of BBB Foods Inc. (NYSE:TBBB) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 49,011 shares of the company’s stock, valued at approximately $1,734,000.

Several other institutional investors have also added to or reduced their stakes in the company. Osaic Holdings Inc. bought a new stake in BBB Foods in the 2nd quarter worth approximately $25,000. Farther Finance Advisors LLC boosted its position in shares of BBB Foods by 92.5% during the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock valued at $28,000 after acquiring an additional 396 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of BBB Foods by 547.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock valued at $28,000 after acquiring an additional 893 shares during the last quarter. Smartleaf Asset Management LLC purchased a new position in shares of BBB Foods in the fourth quarter valued at $39,000. Finally, Toth Financial Advisory Corp grew its holdings in shares of BBB Foods by 29.0% in the fourth quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock valued at $53,000 after purchasing an additional 360 shares in the last quarter. Hedge funds and other institutional investors own 8.42% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on TBBB. JPMorgan Chase & Co. boosted their price target on shares of BBB Foods from $46.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Wall Street Zen raised shares of BBB Foods from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Citigroup initiated coverage on shares of BBB Foods in a research note on Friday. They issued a “buy” rating and a $49.00 price objective for the company. HSBC upgraded shares of BBB Foods from a “hold” rating to a “buy” rating and boosted their target price for the stock from $38.00 to $47.00 in a report on Wednesday, May 27th. Finally, Scotiabank increased their price target on shares of BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, BBB Foods presently has an average rating of “Moderate Buy” and a consensus price target of $44.12.

BBB Foods Stock Performance

NYSE TBBB opened at $41.21 on Monday. The business’s 50 day moving average price is $40.40 and its 200-day moving average price is $37.41. BBB Foods Inc. has a fifty-two week low of $23.81 and a fifty-two week high of $43.81. The company has a market cap of $4.89 billion, a P/E ratio of -26.59 and a beta of -0.02. The company has a debt-to-equity ratio of 2.76, a quick ratio of 0.35 and a current ratio of 0.60.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. BBB Foods had a negative return on equity of 79.86% and a negative net margin of 3.95%. Sell-side analysts predict that BBB Foods Inc. will post -0.61 earnings per share 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.