3G Capital Partners LP Takes $9.34 Million Position in BBB Foods Inc. $TBBB

Key Points

• 3G Capital Partners LP has made a new investment of approximately $9.34 million in BBB Foods Inc., acquiring 350,000 shares, which now represents about 2.7% of their total holdings.
• Several institutional investors, including Ameriprise Financial Inc. and Driehaus Capital Management LLC, have significantly increased their stakes in BBB Foods, contributing to a total institutional ownership of 8.42%.
• BBB Foods recently reported a loss of ($0.13) EPS for the last quarter, missing the consensus estimate, and has a current market capitalization of $3.05 billion.

3G Capital Partners LP acquired a new stake in BBB Foods Inc. (NYSE:TBBB - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 350,000 shares of the company's stock, valued at approximately $9,338,000. BBB Foods accounts for about 2.7% of 3G Capital Partners LP's holdings, making the stock its 11th biggest holding. 3G Capital Partners LP owned 0.31% of BBB Foods as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wall Street Zen downgraded shares of BBB Foods from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. The Goldman Sachs Group raised shares of BBB Foods to a "hold" rating in a research report on Wednesday, July 9th. Finally, UBS Group raised their price objective on shares of BBB Foods from $32.00 to $33.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Two investment 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.com, the company presently has an average rating of "Hold" and an average target price of $33.60.

BBB Foods Stock Down 0.8%

Shares of TBBB traded down $0.22 during trading hours on Thursday, reaching $25.84. The stock had a trading volume of 409,483 shares, compared to its average volume of 507,949. BBB Foods Inc. has a 12 month low of $23.00 and a 12 month high of $35.22. The firm has a 50-day simple moving average of $26.05 and a 200 day simple moving average of $26.96. The company has a current ratio of 0.69, a quick ratio of 0.44 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of -323.00, a P/E/G ratio of 13.16 and a beta of -0.01.

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