BBB Foods Inc. $TBBB is Engle Capital Management L.P.’s 5th Largest Position

Engle Capital Management L.P. grew its holdings in shares of BBB Foods Inc. (NYSE:TBBB) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 727,000 shares of the company’s stock after acquiring an additional 37,000 shares during the quarter. BBB Foods accounts for approximately 6.1% of Engle Capital Management L.P.’s holdings, making the stock its 5th biggest holding. Engle Capital Management L.P. owned approximately 0.64% of BBB Foods worth $20,182,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. 12 West Capital Management LP grew its holdings in shares of BBB Foods by 33.4% during the 1st quarter. 12 West Capital Management LP now owns 2,289,058 shares of the company’s stock valued at $61,072,000 after purchasing an additional 572,500 shares during the last quarter. Ameriprise Financial Inc. boosted its position in BBB Foods by 73.2% during the first quarter. Ameriprise Financial Inc. now owns 1,634,417 shares of the company’s stock valued at $43,606,000 after buying an additional 690,560 shares during the period. 3G Capital Partners LP grew its stake in shares of BBB Foods by 328.6% during the second quarter. 3G Capital Partners LP now owns 1,500,000 shares of the company’s stock valued at $41,640,000 after buying an additional 1,150,000 shares during the last quarter. Millennium Management LLC grew its stake in shares of BBB Foods by 942.8% during the first quarter. Millennium Management LLC now owns 1,240,966 shares of the company’s stock valued at $33,109,000 after buying an additional 1,121,959 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of BBB Foods by 0.3% in the second quarter. Teacher Retirement System of Texas now owns 1,165,895 shares of the company’s stock worth $32,365,000 after buying an additional 3,200 shares during the period. 8.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TBBB. Zacks Research upgraded BBB Foods from a “strong sell” rating to a “hold” rating in a report on Tuesday. Weiss Ratings reiterated a “sell (d)” rating on shares of BBB Foods in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of BBB Foods from $35.50 to $39.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, BBB Foods currently has an average rating of “Hold” and an average target price of $34.80.

BBB Foods Price Performance

TBBB opened at $33.03 on Friday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.39 and a current ratio of 0.65. The stock has a market capitalization of $3.77 billion, a PE ratio of -39.32 and a beta of -0.15. The stock’s 50 day moving average price is $29.30 and its 200-day moving average price is $27.38. BBB Foods Inc. has a 52-week low of $23.00 and a 52-week high of $34.92.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings results on Wednesday, November 19th. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.23). The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.06 billion. BBB Foods had a negative return on equity of 44.56% and a negative net margin of 2.61%. On average, equities research analysts predict that BBB Foods Inc. will post 0.15 EPS for the current 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.