BBB Foods Inc. $TBBB Stock Holdings Boosted by Engle Capital Management L.P.

Engle Capital Management L.P. grew its position in shares of BBB Foods Inc. (NYSE:TBBB) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 750,000 shares of the company’s stock after acquiring an additional 13,231 shares during the quarter. BBB Foods accounts for approximately 9.7% of Engle Capital Management L.P.’s portfolio, making the stock its 2nd largest holding. Engle Capital Management L.P. owned about 0.66% of BBB Foods worth $25,042,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of TBBB. Balyasny Asset Management L.P. grew its position in BBB Foods by 18.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 20,439 shares of the company’s stock worth $682,000 after purchasing an additional 3,113 shares in the last quarter. Abdiel Capital Advisors LP grew its position in BBB Foods by 19.8% in the 4th quarter. Abdiel Capital Advisors LP now owns 48,420 shares of the company’s stock worth $1,617,000 after purchasing an additional 8,000 shares in the last quarter. Ancient Art L.P. grew its position in BBB Foods by 183.1% in the 4th quarter. Ancient Art L.P. now owns 391,637 shares of the company’s stock worth $13,077,000 after purchasing an additional 253,320 shares in the last quarter. Greenoaks Capital Partners LLC bought a new stake in BBB Foods in the 4th quarter worth about $9,340,000. Finally, Fund 1 Investments LLC bought a new stake in BBB Foods in the 4th quarter worth about $992,000. 8.42% of the stock is owned by hedge funds and other institutional investors.

BBB Foods Stock Up 0.2%

Shares of NYSE:TBBB opened at $42.53 on Thursday. The stock’s 50-day moving average price is $37.72 and its 200-day moving average price is $35.72. BBB Foods Inc. has a 12-month low of $23.81 and a 12-month high of $43.80. The stock has a market capitalization of $5.04 billion, a P/E ratio of -27.44 and a beta of 0.03. The company has a current ratio of 0.60, a quick ratio of 0.35 and a debt-to-equity ratio of 2.76.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.03). The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. BBB Foods had a negative net margin of 3.95% and a negative return on equity of 79.86%. On average, equities analysts anticipate that BBB Foods Inc. will post -0.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. UBS Group boosted their price target on shares of BBB Foods from $31.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Wells Fargo & Company set a $42.00 price objective on BBB Foods in a research note on Friday, March 13th. Wall Street Zen upgraded shares of BBB Foods from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research lowered shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, March 23rd. Finally, Scotiabank lifted their target price on shares of BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $43.14.

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.