3G Capital Partners LP Raises Stock Position in BBB Foods Inc. $TBBB

3G Capital Partners LP grew its holdings in BBB Foods Inc. (NYSE:TBBB) by 6.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,600,000 shares of the company’s stock after acquiring an additional 100,000 shares during the period. BBB Foods accounts for approximately 10.2% of 3G Capital Partners LP’s holdings, making the stock its 4th largest position. 3G Capital Partners LP owned about 1.40% of BBB Foods worth $43,136,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Capital Research Global Investors lifted its stake in shares of BBB Foods by 2.6% in the 3rd quarter. Capital Research Global Investors now owns 5,882,050 shares of the company’s stock valued at $158,580,000 after purchasing an additional 151,003 shares during the last quarter. Wasatch Advisors LP raised its holdings in BBB Foods by 314.6% during the second quarter. Wasatch Advisors LP now owns 2,192,012 shares of the company’s stock valued at $60,850,000 after buying an additional 1,663,338 shares in the last quarter. Duquesne Family Office LLC lifted its position in shares of BBB Foods by 228.1% in the third quarter. Duquesne Family Office LLC now owns 1,183,125 shares of the company’s stock worth $31,897,000 after buying an additional 822,575 shares during the last quarter. Capital International Inc. CA lifted its position in shares of BBB Foods by 1.3% in the third quarter. Capital International Inc. CA now owns 1,009,352 shares of the company’s stock worth $27,212,000 after buying an additional 13,320 shares during the last quarter. Finally, Engle Capital Management L.P. boosted its stake in shares of BBB Foods by 5.4% during the 2nd quarter. Engle Capital Management L.P. now owns 727,000 shares of the company’s stock worth $20,182,000 after acquiring an additional 37,000 shares in the last quarter. Institutional investors and hedge funds own 8.42% of the company’s stock.

BBB Foods Stock Up 4.2%

Shares of TBBB stock opened at $33.11 on Friday. BBB Foods Inc. has a 12 month low of $23.75 and a 12 month high of $40.09. The firm has a market cap of $3.78 billion, a PE ratio of -25.08 and a beta of -0.16. The stock has a 50 day moving average of $35.24 and a 200-day moving average of $31.22. The company has a quick ratio of 0.39, a current ratio of 0.65 and a debt-to-equity ratio of 2.21.

BBB Foods (NYSE:TBBB) last posted its quarterly earnings data on Wednesday, March 11th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.22). The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. BBB Foods had a negative net margin of 3.72% and a negative return on equity of 70.82%. On average, equities analysts predict that BBB Foods Inc. will post 0.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TBBB shares. Weiss Ratings reissued a “sell (d+)” rating on shares of BBB Foods in a report on Monday, December 29th. Morgan Stanley raised BBB Foods to an “overweight” rating in a research report on Wednesday, January 28th. The Goldman Sachs Group increased their price target on BBB Foods from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, December 18th. UBS Group lifted their price target on shares of BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Finally, Wells Fargo & Company set a $42.00 price objective on shares of BBB Foods in a research note on Friday. Four investment 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, the stock has an average rating of “Hold” and a consensus target price of $39.50.

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.