Tempus Wealth Planning LLC Acquires New Shares in BBB Foods Inc. (NYSE:TBBB)

Tempus Wealth Planning LLC acquired a new stake in shares of BBB Foods Inc. (NYSE:TBBB) in the fourth quarter, Holdings Channel reports. The fund acquired 12,132 shares of the company’s stock, valued at approximately $343,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in BBB Foods during the 4th quarter worth $375,000. BNP Paribas Financial Markets boosted its position in BBB Foods by 196.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 219,045 shares of the company’s stock worth $6,571,000 after acquiring an additional 145,056 shares during the period. Zweig DiMenna Associates LLC boosted its position in BBB Foods by 4.9% during the 4th quarter. Zweig DiMenna Associates LLC now owns 396,641 shares of the company’s stock worth $11,217,000 after acquiring an additional 18,541 shares during the period. FMR LLC lifted its holdings 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 buying an additional 490,100 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of BBB Foods by 13.6% in the third quarter. Van ECK Associates Corp now owns 207,878 shares of the company’s stock valued at $6,727,000 after buying an additional 24,963 shares during the period. Institutional investors and hedge funds own 8.42% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Itau BBA Securities initiated coverage on BBB Foods in a report on Wednesday, January 22nd. They issued a “market perform” rating and a $32.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $30.75.

BBB Foods Price Performance

Shares of BBB Foods stock opened at $29.36 on Wednesday. The stock’s fifty day moving average is $29.61 and its 200-day moving average is $30.18. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72. BBB Foods Inc. has a 12-month low of $18.71 and a 12-month high of $35.22.

BBB Foods (NYSE:TBBB) last announced its earnings results on Monday, November 25th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.07. Equities research analysts predict that BBB Foods Inc. will post 0.15 EPS for the current fiscal 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.