Picton Mahoney Asset Management Grows Stock Holdings in BBB Foods Inc. (NYSE:TBBB)

Key Points

• Picton Mahoney Asset Management increased its stake in BBB Foods Inc. by 35.7% during the first quarter, holding a total of 39,900 shares valued at $1,065,000.
• BBB Foods reported a loss of ($0.04) earnings per share for the quarter, missing estimates and demonstrating tight margins with a net margin of 0.85%.
• Analysts have a mixed view on BBB Foods, with a consensus rating of "Hold" and an average price target of $33.29.

Picton Mahoney Asset Management grew its holdings in BBB Foods Inc. (NYSE:TBBB - Free Report) by 35.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,900 shares of the company's stock after purchasing an additional 10,500 shares during the quarter. Picton Mahoney Asset Management's holdings in BBB Foods were worth $1,065,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. 12 West Capital Management LP acquired a new stake in shares of BBB Foods during the 4th quarter worth approximately $48,544,000. Capital Research Global Investors increased its holdings in shares of BBB Foods by 37.3% during the 4th quarter. Capital Research Global Investors now owns 5,330,214 shares of the company's stock worth $150,738,000 after buying an additional 1,448,093 shares during the last quarter. FMR LLC increased its holdings in shares of BBB Foods by 33.6% during the 4th quarter. FMR LLC now owns 3,494,773 shares of the company's stock worth $98,832,000 after buying an additional 878,003 shares during the last quarter. TT International Asset Management LTD acquired a new stake in shares of BBB Foods during the 1st quarter worth approximately $15,261,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of BBB Foods by 146.1% during the 4th quarter. Ameriprise Financial Inc. now owns 943,857 shares of the company's stock worth $26,692,000 after buying an additional 560,280 shares during the last quarter. 8.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on TBBB shares. UBS Group lifted their target price on shares of BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Itau BBA Securities upgraded shares of BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 target price for the company in a report on Monday, April 21st. Scotiabank set a $37.00 target price on shares of BBB Foods and gave the company an "outperform" rating in a report on Friday, April 11th. Finally, The Goldman Sachs Group upgraded shares of BBB Foods to a "hold" rating in a report on Wednesday, July 9th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $33.29.

BBB Foods Stock Performance

Shares of NYSE:TBBB remained flat at $25.52 during trading on Friday. 481,568 shares of the company's stock traded hands, compared to its average volume of 661,540. The firm's fifty day simple moving average is $26.84 and its 200 day simple moving average is $27.56. The stock has a market cap of $2.91 billion, a P/E ratio of 116.01 and a beta of -0.02. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.74 and a quick ratio of 0.49. BBB Foods Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.10). The business had revenue of $838.41 million during the quarter, compared to analyst estimates of $836.80 million. BBB Foods had a return on equity of 13.08% and a net margin of 0.85%. As a group, equities analysts expect that BBB Foods Inc. will post 0.15 earnings per share for the current fiscal year.

About BBB Foods

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.