BBB Foods Inc. $TBBB Stock Holdings Increased by 12 West Capital Management LP

Key Points

• 12 West Capital Management LP increased its holdings in BBB Foods Inc. by 33.4%, acquiring an additional 572,500 shares to total over 2.28 million shares, which represents 9.0% of the fund's portfolio.
• Despite institutional interest in the stock, BBB Foods recently reported a disappointing EPS of ($0.13), missing estimates and drawing a negative return on equity.
• Wall Street analysts have mixed views on BBB Foods, with price targets recently adjusted and ratings ranging from Buy to Sell, leading to an average rating of "Hold".

12 West Capital Management LP boosted its stake in BBB Foods Inc. (NYSE:TBBB - Free Report) by 33.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,289,058 shares of the company's stock after acquiring an additional 572,500 shares during the quarter. BBB Foods accounts for about 9.0% of 12 West Capital Management LP's portfolio, making the stock its 4th biggest holding. 12 West Capital Management LP owned 2.00% of BBB Foods worth $61,072,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in TBBB. FNY Investment Advisers LLC acquired a new stake in BBB Foods in the 1st quarter valued at $37,000. Caitong International Asset Management Co. Ltd grew its stake in BBB Foods by 124.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,140 shares of the company's stock valued at $57,000 after acquiring an additional 1,187 shares during the period. Summit Securities Group LLC acquired a new stake in BBB Foods in the 1st quarter valued at $96,000. Toronto Dominion Bank acquired a new stake in BBB Foods in the 4th quarter valued at $141,000. Finally, Blue Trust Inc. acquired a new stake in BBB Foods in the 1st quarter valued at $212,000. Institutional investors and hedge funds own 8.42% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group raised shares of BBB Foods to a "hold" rating in a research note on Wednesday, July 9th. Wall Street Zen cut shares of BBB Foods from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, UBS Group lifted their target price on shares of BBB Foods from $32.00 to $33.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, BBB Foods currently has an average rating of "Hold" and a consensus price target of $33.60.

BBB Foods Trading Up 0.6%

Shares of TBBB stock traded up $0.17 on Friday, hitting $26.15. 421,811 shares of the stock traded hands, compared to its average volume of 512,171. The firm's 50-day moving average price is $26.02 and its two-hundred day moving average price is $26.94. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.44 and a current ratio of 0.69. The stock has a market capitalization of $2.99 billion, a PE ratio of -326.83, a PEG ratio of 13.12 and a beta of -0.01. BBB Foods Inc. has a twelve month low of $23.00 and a twelve month high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.09). The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $17.98 billion. BBB Foods had a negative net margin of 0.19% and a negative return on equity of 3.07%. As a group, analysts anticipate that BBB Foods Inc. will post 0.15 EPS for the current 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.