Burkehill Global Management LP Takes $9.34 Million Position in BBB Foods Inc. (NYSE:TBBB)

Key Points

• Burkehill Global Management LP acquired a new position in BBB Foods Inc. (NYSE:TBBB), purchasing 350,000 shares valued at approximately $9.34 million.
• Institutional investors collectively own 8.42% of BBB Foods, with notable purchases including TT International Asset Management's $15.26 million investment in the first quarter.
• BBB Foods reported a quarterly EPS of ($0.04), missing consensus estimates, while revenue for the quarter was $838.41 million, slightly above expectations.

Burkehill Global Management LP purchased a new position in BBB Foods Inc. (NYSE:TBBB - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 350,000 shares of the company's stock, valued at approximately $9,338,000. Burkehill Global Management LP owned 0.31% of BBB Foods at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new stake in shares of BBB Foods during the 1st quarter valued at $37,000. Toronto Dominion Bank bought a new stake in shares of BBB Foods during the 4th quarter valued at $141,000. White Oak Capital Partners Pte. Ltd. bought a new stake in shares of BBB Foods during the 4th quarter valued at $226,000. Blue Trust Inc. bought a new stake in shares of BBB Foods during the 1st quarter valued at $212,000. Finally, Bank of Nova Scotia bought a new stake in shares of BBB Foods during the 1st quarter valued at $213,000. 8.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TBBB has been the subject of several research analyst reports. The Goldman Sachs Group raised shares of BBB Foods to a "hold" rating in a research note on Wednesday, July 9th. Itau BBA Securities raised 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 research note on Monday, April 21st. 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. Finally, Wall Street Zen lowered shares of BBB Foods from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $33.17.

BBB Foods Stock Down 1.7%

Shares of BBB Foods stock traded down $0.45 on Thursday, reaching $26.15. The stock had a trading volume of 519,356 shares, compared to its average volume of 669,072. The stock has a market capitalization of $2.99 billion, a P/E ratio of -326.86, a P/E/G ratio of 11.53 and a beta of -0.02. BBB Foods Inc. has a 1 year low of $23.00 and a 1 year high of $35.22. The company has a quick ratio of 0.49, a current ratio of 0.69 and a debt-to-equity ratio of 2.08. The company has a 50 day moving average price of $26.22 and a 200 day moving average price of $27.26.

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