1,121,446 Shares in BBB Foods Inc. $TBBB Bought by Ninety One UK Ltd

Key Points

• Ninety One UK Ltd acquired 1.12 million BBB Foods shares worth approximately $59 million, representing about 0.95% of the company. Institutional investors collectively own 8.42% of TBBB.
• BBB Foods reported quarterly revenue of $1.49 billion, exceeding estimates, but posted an adjusted loss of $0.19 per share versus the expected $0.16 loss. Analysts project a full-year loss of $0.62 per share.
• Investor sentiment remains generally positive: seven analysts rate the stock a Buy and three rate it Hold, while JPMorgan raised its price target to $67 and UBS increased its target to $58. Shares recently traded near $56.41, close to the 12-month high.

Ninety One UK Ltd bought a new position in BBB Foods Inc. (NYSE:TBBB - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,121,446 shares of the company's stock, valued at approximately $59,033,000. Ninety One UK Ltd owned about 0.95% of BBB Foods as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TBBB. Wasatch Advisors LP lifted its holdings in BBB Foods by 3.4% during the second quarter. Wasatch Advisors LP now owns 4,239,474 shares of the company's stock worth $176,659,000 after acquiring an additional 139,649 shares during the period. Principal Financial Group Inc. bought a new position in BBB Foods in the 1st quarter valued at $65,967,000. Carmignac Gestion grew its stake in BBB Foods by 526.5% in the 2nd quarter. Carmignac Gestion now owns 670,106 shares of the company's stock valued at $27,917,000 after purchasing an additional 563,141 shares during the period. Sei Investments Co. increased its position in shares of BBB Foods by 10.7% during the 1st quarter. Sei Investments Co. now owns 748,627 shares of the company's stock valued at $26,479,000 after purchasing an additional 72,646 shares during the last quarter. Finally, Engle Capital Management L.P. increased its position in shares of BBB Foods by 1.8% during the 4th quarter. Engle Capital Management L.P. now owns 750,000 shares of the company's stock valued at $25,042,000 after purchasing an additional 13,231 shares during the last quarter. 8.42% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of BBB Foods stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $51.00, for a total value of $388,773.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

BBB Foods Stock Performance

NYSE TBBB traded up $0.05 during trading on Thursday, hitting $56.41. 392,757 shares of the company's stock traded hands, compared to its average volume of 666,206. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.44 and a current ratio of 0.68. The stock has a market capitalization of $6.69 billion, a price-to-earnings ratio of -35.02 and a beta of 0.02. BBB Foods Inc. has a 12-month low of $25.84 and a 12-month high of $57.30. The business has a 50 day moving average of $50.40 and a 200-day moving average of $42.95.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.03). The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.42 billion. BBB Foods had a negative net margin of 3.68% and a negative return on equity of 72.47%. As a group, equities research analysts anticipate that BBB Foods Inc. will post -0.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TBBB has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of BBB Foods from $48.00 to $67.00 and gave the stock an "overweight" rating in a report on Thursday, September 10th. Citigroup restated a "buy" rating on shares of BBB Foods in a report on Monday, September 14th. Weiss Ratings raised shares of BBB Foods from a "sell (d+)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. Zacks Research raised shares of BBB Foods from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Finally, UBS Group boosted their target price on shares of BBB Foods from $51.00 to $58.00 and gave the company a "buy" rating in a research note on Friday, August 28th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $50.50.

BBB Foods Profile

BBB Foods Inc operates Tiendas 3B, a hard-discount grocery retail chain in Mexico. The company serves value-conscious consumers through small-format neighborhood stores focused on convenient locations, a streamlined shopping experience and everyday low prices.

Tiendas 3B stores offer a selection of essential grocery and household products, including packaged foods, beverages, personal-care items, cleaning supplies and other daily necessities. The assortment combines private-label merchandise with branded products, and certain locations also carry fresh or perishable goods.

BBB Foods was established to develop the hard-discount retail model in Mexico and has expanded its store network across the country, primarily in urban and suburban communities.

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