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 second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 727,000 shares of the company’s stock after buying an additional 37,000 shares during the period. BBB Foods accounts for approximately 6.1% of Engle Capital Management L.P.’s holdings, making the stock its 5th biggest position. Engle Capital Management L.P.’s holdings in BBB Foods were worth $20,182,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Jump Financial LLC bought a new stake in BBB Foods during the first quarter worth about $2,284,000. Deutsche Bank AG lifted its holdings in shares of BBB Foods by 104.5% during the first quarter. Deutsche Bank AG now owns 22,500 shares of the company’s stock valued at $600,000 after purchasing an additional 11,500 shares during the last quarter. Ashoka WhiteOak Capital Pte Ltd lifted its holdings in shares of BBB Foods by 100.7% during the second quarter. Ashoka WhiteOak Capital Pte Ltd now owns 57,800 shares of the company’s stock valued at $1,587,000 after purchasing an additional 29,000 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of BBB Foods by 276.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 156,526 shares of the company’s stock worth $4,176,000 after purchasing an additional 114,990 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of BBB Foods by 73.2% in the 1st quarter. Ameriprise Financial Inc. now owns 1,634,417 shares of the company’s stock worth $43,606,000 after buying an additional 690,560 shares during the last quarter. 8.42% of the stock is currently owned by institutional investors.

BBB Foods Trading Down 1.4%

Shares of NYSE:TBBB opened at $33.03 on Friday. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.65 and a quick ratio of 0.39. BBB Foods Inc. has a 1 year low of $23.00 and a 1 year high of $34.92. The company has a market cap of $3.77 billion, a P/E ratio of -39.32 and a beta of -0.15. The stock’s fifty day moving average price is $29.30 and its 200-day moving average price is $27.38.

BBB Foods (NYSE:TBBB) last released its quarterly earnings data on Wednesday, November 19th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.23). The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. BBB Foods had a negative return on equity of 44.56% and a negative net margin of 2.61%. Sell-side analysts expect that BBB Foods Inc. will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.