Engle Capital Management L.P. Reduces Stock Position in BBB Foods Inc. $TBBB

Engle Capital Management L.P. trimmed its position in shares of BBB Foods Inc. (NYSE:TBBB) by 4.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 715,000 shares of the company’s stock after selling 35,000 shares during the quarter. BBB Foods comprises about 8.6% of Engle Capital Management L.P.’s holdings, making the stock its 3rd biggest holding. Engle Capital Management L.P.’s holdings in BBB Foods were worth $25,290,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Osaic Holdings Inc. purchased a new position in BBB Foods in the second quarter worth about $25,000. Farther Finance Advisors LLC grew its holdings in shares of BBB Foods by 92.5% during the fourth quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock valued at $28,000 after buying an additional 396 shares during the last quarter. Larson Financial Group LLC increased its position in shares of BBB Foods by 547.9% during the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock valued at $28,000 after acquiring an additional 893 shares in the last quarter. Smartleaf Asset Management LLC bought a new stake in shares of BBB Foods during the fourth quarter valued at approximately $39,000. Finally, Toth Financial Advisory Corp raised 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 acquiring an additional 360 shares during the last quarter. 8.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on BBB Foods from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a research note on Wednesday, June 24th. HSBC raised BBB Foods from a “hold” rating to a “buy” rating and upped their price target for the company from $38.00 to $47.00 in a report on Wednesday, May 27th. Scotiabank increased their price objective on BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Finally, Zacks Research upgraded BBB Foods from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $43.43.

BBB Foods Stock Up 0.8%

TBBB opened at $40.54 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.60 and a debt-to-equity ratio of 2.76. The firm has a 50 day moving average price of $40.14 and a 200-day moving average price of $37.23. BBB Foods Inc. has a twelve month low of $23.81 and a twelve month high of $43.81. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of -26.15 and a beta of -0.02.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings data 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 net margin of 3.95% and a negative return on equity of 79.86%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. Equities research analysts forecast that BBB Foods Inc. will post -0.61 earnings per share for the current year.

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