Zweig DiMenna Associates LLC Has $11.22 Million Holdings in BBB Foods Inc. (NYSE:TBBB)

Zweig DiMenna Associates LLC boosted its holdings in shares of BBB Foods Inc. (NYSE:TBBB) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 396,641 shares of the company’s stock after buying an additional 18,541 shares during the quarter. Zweig DiMenna Associates LLC owned about 0.35% of BBB Foods worth $11,217,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Driehaus Capital Management LLC acquired a new position in BBB Foods in the 2nd quarter valued at $26,562,000. BNP Paribas Financial Markets increased its position in BBB Foods by 196.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 219,045 shares of the company’s stock worth $6,571,000 after buying an additional 145,056 shares during the period. Sei Investments Co. boosted 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 during the period. Van ECK Associates Corp boosted its position 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 acquiring an additional 24,963 shares during the period. Finally, FMR LLC increased its position in BBB Foods by 23.0% during the third quarter. FMR LLC now owns 2,616,770 shares of the company’s stock worth $78,503,000 after acquiring an additional 490,100 shares during the period. Institutional investors and hedge funds own 8.42% of the company’s stock.

Analyst Ratings Changes

Separately, Itau BBA Securities started coverage on shares of BBB Foods in a research report on Wednesday. They issued a “market perform” rating and a $32.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $30.75.

BBB Foods Stock Up 0.5 %

BBB Foods stock opened at $30.44 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72. The stock has a 50-day simple moving average of $29.96 and a 200 day simple moving average of $29.81. BBB Foods Inc. has a 12-month low of $18.71 and a 12-month high of $35.22.

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

BBB Foods 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.