BBB Foods Inc. $TBBB Shares Acquired by Ashoka WhiteOak Capital Pte Ltd

Key Points

• Ashoka WhiteOak Capital Pte Ltd increased its stake in BBB Foods Inc. by 100.7%, now owning 57,800 shares valued at approximately $1.59 million, making it the firm's 9th largest holding.
• Several institutional investors, including 12 West Capital Management LP and Millennium Management LLC, have significantly boosted their stakes during recent quarters, indicating growing interest in the stock.
• Analysts have mixed ratings for BBB Foods, with a consensus rating of "Moderate Buy" and a target price set at $33.75, following recent adjustments by firms including UBS and Goldman Sachs.

Ashoka WhiteOak Capital Pte Ltd boosted its stake in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 100.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 57,800 shares of the company's stock after acquiring an additional 29,000 shares during the quarter. BBB Foods makes up approximately 0.8% of Ashoka WhiteOak Capital Pte Ltd's holdings, making the stock its 9th biggest holding. Ashoka WhiteOak Capital Pte Ltd owned about 0.05% of BBB Foods worth $1,587,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. 12 West Capital Management LP boosted its stake in shares of BBB Foods by 33.4% in the 1st quarter. 12 West Capital Management LP now owns 2,289,058 shares of the company's stock valued at $61,072,000 after purchasing an additional 572,500 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in BBB Foods by 73.2% during the 1st quarter. Ameriprise Financial Inc. now owns 1,634,417 shares of the company's stock worth $43,606,000 after buying an additional 690,560 shares during the period. Millennium Management LLC raised its holdings in BBB Foods by 942.8% during the 1st quarter. Millennium Management LLC now owns 1,240,966 shares of the company's stock worth $33,109,000 after buying an additional 1,121,959 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of BBB Foods by 24.9% in the first quarter. Teacher Retirement System of Texas now owns 1,162,695 shares of the company's stock valued at $31,021,000 after purchasing an additional 231,589 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of BBB Foods in the first quarter valued at approximately $18,209,000. Institutional investors own 8.42% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. UBS Group raised their target price on shares of BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Wall Street Zen cut shares of BBB Foods from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Finally, The Goldman Sachs Group raised BBB Foods to a "hold" rating in a research note on Wednesday, July 9th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $33.75.

BBB Foods Stock Performance

Shares of TBBB stock opened at $26.60 on Friday. The business's 50 day simple moving average is $25.92 and its 200 day simple moving average is $26.90. BBB Foods Inc. has a one year low of $23.00 and a one year high of $35.22. The stock has a market capitalization of $3.04 billion, a PE ratio of -332.49 and a beta of -0.01. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.69 and a quick ratio of 0.44.

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

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