BBB Foods Inc. $TBBB Shares Bought by Northwest & Ethical Investments L.P.

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 stake in BBB Foods Inc. (NYSE:TBBB - Free Report) by 81.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,078 shares of the company's stock after acquiring an additional 26,504 shares during the period. Northwest & Ethical Investments L.P. owned 0.05% of BBB Foods worth $1,576,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new position in BBB Foods in the 1st quarter valued at about $37,000. Caitong International Asset Management Co. Ltd boosted its holdings in BBB Foods by 124.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,140 shares of the company's stock valued at $57,000 after purchasing an additional 1,187 shares in the last quarter. Toronto Dominion Bank purchased a new stake in BBB Foods in the 4th quarter valued at approximately $141,000. White Oak Capital Partners Pte. Ltd. purchased a new stake in BBB Foods in the 4th quarter valued at approximately $226,000. Finally, Blue Trust Inc. purchased a new stake in BBB Foods in the 1st quarter valued at approximately $212,000. Institutional investors and hedge funds own 8.42% of the company's stock.

BBB Foods Price Performance

Shares of NYSE:TBBB traded up $0.25 during trading on Friday, hitting $25.81. 481,784 shares of the stock were exchanged, compared to its average volume of 774,777. The company has a fifty day moving average price of $26.12 and a two-hundred day moving average price of $27.08. The company has a market cap of $2.95 billion, a PE ratio of -322.63, a P/E/G ratio of 11.77 and a beta of -0.02. The company has a current ratio of 0.69, a quick ratio of 0.44 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.

BBB Foods (NYSE:TBBB - Get Free Report) last announced 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). BBB Foods had a negative return on equity of 3.07% and a negative net margin of 0.19%.The firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $17.98 billion. On average, analysts forecast that BBB Foods Inc. will post 0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. UBS Group lifted their price objective on BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Wall Street Zen lowered BBB Foods from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Finally, The Goldman Sachs Group raised BBB Foods to a "hold" rating in a report on Wednesday, July 9th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $33.17.

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.