BBB Foods Inc. $TBBB is Ashoka WhiteOak Capital Pte Ltd’s 8th Largest Position

Ashoka WhiteOak Capital Pte Ltd grew its holdings in BBB Foods Inc. (NYSE:TBBB) by 147.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 143,200 shares of the company’s stock after acquiring an additional 85,400 shares during the period. BBB Foods accounts for approximately 1.8% of Ashoka WhiteOak Capital Pte Ltd’s investment portfolio, making the stock its 8th biggest holding. Ashoka WhiteOak Capital Pte Ltd’s holdings in BBB Foods were worth $4,791,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in BBB Foods by 92.5% in the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock worth $28,000 after buying an additional 396 shares during the period. Osaic Holdings Inc. purchased a new stake in BBB Foods in the 2nd quarter worth approximately $25,000. Larson Financial Group LLC lifted its holdings in BBB Foods by 547.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock worth $28,000 after buying an additional 893 shares during the period. Toth Financial Advisory Corp lifted its holdings in BBB Foods by 29.0% in the 4th quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock worth $53,000 after buying an additional 360 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in BBB Foods by 26.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,869 shares of the company’s stock worth $75,000 after buying an additional 593 shares during the period. Hedge funds and other institutional investors own 8.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wall Street Zen lowered BBB Foods from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Itau BBA Securities raised BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research note on Friday, March 13th. UBS Group upped their price target on BBB Foods from $31.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BBB Foods in a research note on Friday, March 27th. Finally, Zacks Research cut BBB Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, March 23rd. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, BBB Foods presently has a consensus rating of “Hold” and a consensus target price of $42.50.

BBB Foods Stock Down 4.4%

Shares of NYSE:TBBB opened at $36.40 on Tuesday. The stock has a fifty day simple moving average of $35.62 and a two-hundred day simple moving average of $34.00. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of -23.48 and a beta of 0.02. BBB Foods Inc. has a 12-month low of $23.81 and a 12-month high of $40.09. The company has a current ratio of 0.62, a quick ratio of 0.35 and a debt-to-equity ratio of 2.61.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). The company 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 82.15%. On average, research analysts anticipate that BBB Foods Inc. will post -0.57 earnings per share for the current fiscal year.

BBB Foods Company 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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.