Picton Mahoney Asset Management Has $1.07 Million 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 increased its position in BBB Foods Inc. (NYSE:TBBB - Free Report) by 35.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,900 shares of the company's stock after acquiring an additional 10,500 shares during the period. Picton Mahoney Asset Management's holdings in BBB Foods were worth $1,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TBBB. FNY Investment Advisers LLC acquired a new stake in BBB Foods during the 1st quarter worth about $37,000. Toronto Dominion Bank acquired a new stake in shares of BBB Foods during the 4th quarter valued at about $141,000. Blue Trust Inc. acquired a new stake in shares of BBB Foods during the 1st quarter valued at about $212,000. White Oak Capital Partners Pte. Ltd. purchased a new position in shares of BBB Foods in the 4th quarter valued at about $226,000. Finally, Verdence Capital Advisors LLC raised its holdings in BBB Foods by 15.3% in the 1st quarter. Verdence Capital Advisors LLC now owns 8,566 shares of the company's stock worth $229,000 after purchasing an additional 1,136 shares during the period. Hedge funds and other institutional investors own 8.42% of the company's stock.

BBB Foods Price Performance

Shares of TBBB stock traded down $0.06 during midday trading on Monday, reaching $25.44. 245,175 shares of the company were exchanged, compared to its average volume of 790,506. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.49 and a current ratio of 0.74. The company's 50 day moving average price is $26.76 and its two-hundred day moving average price is $27.49. BBB Foods Inc. has a 12 month low of $23.00 and a 12 month high of $35.22. The company has a market cap of $2.91 billion, a P/E ratio of 115.64 and a beta of -0.02.

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

Wall Street Analysts Forecast Growth

TBBB has been the topic of several research analyst reports. Scotiabank set a $37.00 price objective on BBB Foods and gave the company an "outperform" rating in a report on Friday, April 11th. The Goldman Sachs Group upgraded BBB Foods to a "hold" rating in a research report on Wednesday, July 9th. Itau BBA Securities upgraded BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price objective for the company in a research report on Monday, April 21st. UBS Group boosted their price objective on BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Finally, Wall Street Zen cut BBB Foods from a "hold" rating to a "sell" rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $33.29.

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.