263,928 Shares of BBB Foods Inc. $TBBB Bought by Ashoka WhiteOak Capital Pte Ltd

Key Points

• Ashoka WhiteOak Capital purchased 263,928 BBB Foods shares valued at approximately $13.83 million, making up 4% of its portfolio and representing about 0.22% of BBB Foods.
• Institutional ownership stands at 8.42%, with several major investors recently initiating or increasing positions, including Principal Financial Group, Ninety One and Carmignac Gestion.
• Analysts maintain a “Moderate Buy” consensus, with price targets raised by UBS and JPMorgan; BBB Foods recently traded at $56.41, near its 52-week high, despite reporting a quarterly EPS loss larger than expected.

Ashoka WhiteOak Capital Pte Ltd bought a new stake in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 263,928 shares of the company's stock, valued at approximately $13,830,000. BBB Foods comprises 4.0% of Ashoka WhiteOak Capital Pte Ltd's investment portfolio, making the stock its 9th largest position. Ashoka WhiteOak Capital Pte Ltd owned approximately 0.22% of BBB Foods at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. acquired a new stake in shares of BBB Foods during the 1st quarter valued at $65,967,000. Ninety One UK Ltd purchased a new stake in shares of BBB Foods during the third quarter valued at $59,033,000. Carmignac Gestion lifted its holdings in shares of BBB Foods by 526.5% during the second 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 last quarter. Ninety One North America Inc. purchased a new stake in shares of BBB Foods during the third quarter valued at $17,591,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of BBB Foods in the 2nd quarter valued at $10,630,000. Institutional investors own 8.42% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on TBBB shares. UBS Group upped their price target on shares of BBB Foods from $58.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, October 21st. Citigroup reissued a "buy" rating on shares of BBB Foods in a research note on Monday, September 14th. JPMorgan Chase & Co. increased their target price on BBB Foods from $48.00 to $67.00 and gave the company an "overweight" rating in a report on Thursday, September 10th. Scotiabank reaffirmed an "outperform" rating and issued a $65.00 target price on shares of BBB Foods in a research report on Thursday, August 27th. Finally, Zacks Research upgraded BBB Foods from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.88.

BBB Foods Price Performance

BBB Foods stock opened at $56.41 on Friday. BBB Foods Inc. has a one year low of $25.84 and a one year high of $59.60. The company's fifty day moving average price is $53.08 and its two-hundred day moving average price is $41.74. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.68 and a quick ratio of 0.44.

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

Insider Buying and Selling at BBB Foods

In other news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the firm's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $51.00, for a total value of $388,773.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

About BBB Foods

BBB Foods Inc operates Tiendas 3B, a hard-discount grocery retail chain in Mexico. Its stores focus on everyday consumer essentials, including food, beverages, household products and personal-care items, offered primarily through a combination of private-label and selected national-brand products.

The company's business model emphasizes a limited assortment, compact store formats and value-oriented pricing. Tiendas 3B stores primarily serve communities in Mexico, with a presence concentrated in the country's central and southern regions.

BBB Foods was founded in 2004 and is led by Anthony Hatoum, who serves as the company's chief executive officer.

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