Northwest & Ethical Investments L.P. Acquires 26,504 Shares of BBB Foods Inc. $TBBB

Key Points

• Northwest & Ethical Investments L.P. increased its holdings in BBB Foods Inc. (NYSE:TBBB) by 81.4% during the first quarter, now owning approximately 59,078 shares worth about $1.58 million.
• BBB Foods reported a quarterly loss of ($0.13) earnings per share, missing analyst expectations, with revenue at $1 billion compared to estimates of $17.98 billion.
• Several analyst ratings changes occurred, with Itau BBA Securities upgrading BBB Foods to an "outperform" rating and a price target of $36.00, while the consensus rating remains a "Hold" with a target of $33.17.

Northwest & Ethical Investments L.P. boosted its position in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 81.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 59,078 shares of the company's stock after purchasing an additional 26,504 shares during the period. Northwest & Ethical Investments L.P. owned 0.05% of BBB Foods worth $1,576,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TBBB. FNY Investment Advisers LLC purchased a new position in BBB Foods during the 1st quarter worth approximately $37,000. Caitong International Asset Management Co. Ltd grew its position in BBB Foods by 124.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,140 shares of the company's stock worth $57,000 after purchasing an additional 1,187 shares in the last quarter. Toronto Dominion Bank purchased a new position in BBB Foods during the 4th quarter worth approximately $141,000. Blue Trust Inc. purchased a new position in BBB Foods during the 1st quarter worth approximately $212,000. Finally, Bank of Nova Scotia purchased a new position in BBB Foods during the 1st quarter worth approximately $213,000. 8.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TBBB. The Goldman Sachs Group upgraded shares of BBB Foods to a "hold" rating in a research report on Wednesday, July 9th. 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, UBS Group boosted their price target 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. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, BBB Foods presently has a consensus rating of "Hold" and an average price target of $33.60.

BBB Foods Stock Up 1.0%

Shares of BBB Foods stock traded up $0.25 on Friday, hitting $25.81. 481,784 shares of the company traded hands, compared to its average volume of 590,415. The company has a 50-day moving average price of $26.11 and a 200 day moving average price of $27.05. The company has a quick ratio of 0.44, a current ratio of 0.69 and a debt-to-equity ratio of 2.08. 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 $2.95 billion, a PE ratio of -322.63, a PEG ratio of 11.76 and a beta of -0.02.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its quarterly 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). The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $17.98 billion. BBB Foods had a negative net margin of 0.19% and a negative return on equity of 3.07%. Sell-side analysts predict 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.