Engle Capital Management L.P. Sells 17,000 Shares of BBB Foods Inc. (NYSE:TBBB)

Engle Capital Management L.P. reduced its position in BBB Foods Inc. (NYSE:TBBB - Free Report) by 2.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 600,000 shares of the company's stock after selling 17,000 shares during the period. BBB Foods accounts for approximately 5.1% of Engle Capital Management L.P.'s investment portfolio, making the stock its 10th largest holding. Engle Capital Management L.P. owned approximately 0.53% of BBB Foods worth $16,968,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Alyeska Investment Group L.P. boosted its position in shares of BBB Foods by 1.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 107,739 shares of the company's stock worth $3,047,000 after purchasing an additional 1,655 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of BBB Foods by 0.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 547,642 shares of the company's stock worth $15,487,000 after purchasing an additional 1,960 shares during the last quarter. Gabelli Funds LLC boosted its position in shares of BBB Foods by 3.7% in the 4th quarter. Gabelli Funds LLC now owns 56,000 shares of the company's stock worth $1,584,000 after purchasing an additional 2,000 shares during the last quarter. Picton Mahoney Asset Management boosted its position in shares of BBB Foods by 13.5% in the 4th quarter. Picton Mahoney Asset Management now owns 29,400 shares of the company's stock worth $831,000 after purchasing an additional 3,500 shares during the last quarter. Finally, J.Safra Asset Management Corp boosted its position in shares of BBB Foods by 204.7% in the 4th quarter. J.Safra Asset Management Corp now owns 10,264 shares of the company's stock worth $293,000 after purchasing an additional 6,895 shares during the last quarter. 8.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on TBBB. Itau BBA Securities upgraded BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price target on the stock in a research report on Monday, April 21st. Scotiabank set a $37.00 price target on BBB Foods and gave the stock an "outperform" rating in a research report on Friday, April 11th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, BBB Foods currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.67.

BBB Foods Trading Up 3.2%

TBBB stock traded up $0.89 during midday trading on Tuesday, hitting $28.65. 576,248 shares of the company's stock were exchanged, compared to its average volume of 809,562. The stock's fifty day moving average price is $27.04 and its 200-day moving average price is $28.85. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79. The company has a market cap of $3.27 billion, a PE ratio of 130.23 and a beta of 0.49. BBB Foods Inc. has a one year low of $21.39 and a one year high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.10). The firm had revenue of $838.41 million during the quarter, compared to the consensus estimate of $836.80 million. Research analysts predict that BBB Foods Inc. will post 0.15 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.