BBB Foods Inc. $TBBB is Engle Capital Management L.P.’s 2nd Largest Position

Engle Capital Management L.P. boosted its position in BBB Foods Inc. (NYSE:TBBB) by 1.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 750,000 shares of the company’s stock after buying an additional 13,231 shares during the quarter. BBB Foods comprises approximately 9.7% of Engle Capital Management L.P.’s investment portfolio, making the stock its 2nd largest position. Engle Capital Management L.P.’s holdings in BBB Foods were worth $25,042,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in TBBB. Farther Finance Advisors LLC grew its stake in shares of 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 last quarter. Osaic Holdings Inc. purchased a new stake in shares of BBB Foods in the 2nd quarter worth approximately $25,000. Larson Financial Group LLC grew its stake in shares of 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 last quarter. Smartleaf Asset Management LLC purchased a new stake in shares of BBB Foods in the 4th quarter worth approximately $39,000. Finally, Toth Financial Advisory Corp grew its stake in shares of 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 last quarter. Institutional investors own 8.42% of the company’s stock.

BBB Foods Trading Up 0.2%

Shares of NYSE TBBB opened at $42.53 on Thursday. The firm’s 50 day moving average price is $37.72 and its 200-day moving average price is $35.72. The company has a market cap of $5.04 billion, a PE ratio of -27.44 and a beta of 0.03. BBB Foods Inc. has a 52-week low of $23.81 and a 52-week high of $43.80. The company has a debt-to-equity ratio of 2.76, a quick ratio of 0.35 and a current ratio of 0.60.

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

Wall Street Analyst Weigh In

TBBB has been the topic of several recent research reports. Wells Fargo & Company set a $42.00 price target on BBB Foods in a research note on Friday, March 13th. HSBC upgraded shares of BBB Foods from a “hold” rating to a “buy” rating and upped their target price for the stock from $38.00 to $47.00 in a research note on Wednesday, May 27th. Scotiabank upped their target price on shares of BBB Foods from $37.00 to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Zacks Research downgraded shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, March 23rd. Finally, Itau BBA Securities upgraded shares of BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a research note on Friday, March 13th. Five equities research 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average 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.