Burkehill Global Management LP Buys New 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 stake in BBB Foods Inc. (NYSE:TBBB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Tempus Wealth Planning LLC raised its holdings in BBB Foods by 4.7% in the first quarter. Tempus Wealth Planning LLC now owns 12,703 shares of the company's stock valued at $339,000 after buying an additional 571 shares during the period. J.Safra Asset Management Corp grew its position in shares of BBB Foods by 6.4% during the first quarter. J.Safra Asset Management Corp now owns 10,925 shares of the company's stock worth $291,000 after buying an additional 661 shares in the last quarter. Verdence Capital Advisors LLC grew its position in shares of BBB Foods by 15.3% during the first quarter. Verdence Capital Advisors LLC now owns 8,566 shares of the company's stock worth $229,000 after buying an additional 1,136 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of BBB Foods during the first quarter worth approximately $37,000. Finally, Alyeska Investment Group L.P. grew its position in shares of BBB Foods by 1.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 107,739 shares of the company's stock worth $3,047,000 after buying an additional 1,655 shares in the last quarter. Hedge funds and other institutional investors own 8.42% of the company's stock.

BBB Foods Price Performance

Shares of TBBB stock traded down $0.83 during trading hours on Wednesday, hitting $27.19. 47,906 shares of the company's stock were exchanged, compared to its average volume of 782,932. The stock's 50-day moving average is $26.26 and its 200-day moving average is $27.30. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.74 and a quick ratio of 0.49. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of -339.88 and a beta of -0.02. BBB Foods Inc. has a 52 week low of $23.00 and a 52 week high of $35.22.

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 return on equity of 3.07% and a negative net margin of 0.19%. The business had revenue of $1 billion for 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 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently 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 upgraded BBB Foods to a "hold" rating in a research note on Wednesday, July 9th. UBS Group boosted their price target 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. Finally, Itau BBA Securities raised BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price target on the stock in a research note on Monday, April 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $33.17.

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.