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

Ashoka WhiteOak Capital Pte Ltd lifted its holdings in BBB Foods Inc. (NYSE:TBBB) by 40.7% during the first quarter, Holdings Channel reports. The institutional investor owned 201,528 shares of the company’s stock after purchasing an additional 58,328 shares during the quarter. BBB Foods comprises 2.6% of Ashoka WhiteOak Capital Pte Ltd’s investment portfolio, making the stock its 10th biggest holding. Ashoka WhiteOak Capital Pte Ltd’s holdings in BBB Foods were worth $6,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of TBBB. Goldman Sachs Group Inc. boosted its position in shares of BBB Foods by 276.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 156,526 shares of the company’s stock worth $4,176,000 after purchasing an additional 114,990 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of BBB Foods by 48.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 285,206 shares of the company’s stock valued at $7,917,000 after purchasing an additional 92,989 shares in the last quarter. Sei Investments Co. lifted its stake in shares of BBB Foods by 57.7% in the second quarter. Sei Investments Co. now owns 417,794 shares of the company’s stock valued at $11,598,000 after purchasing an additional 152,883 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of BBB Foods by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 705,005 shares of the company’s stock valued at $19,571,000 after purchasing an additional 2,434 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of BBB Foods by 32.3% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,979 shares of the company’s stock valued at $4,774,000 after purchasing an additional 41,979 shares during the period. Institutional investors and hedge funds own 8.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Scotiabank upped their target price on shares of BBB Foods from $37.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. HSBC upgraded shares of BBB Foods from a “hold” rating to a “buy” rating and lifted their price target for the company from $38.00 to $47.00 in a research report on Wednesday, May 27th. Wall Street Zen upgraded BBB Foods from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Itau BBA Securities raised BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Friday, March 13th. Finally, JPMorgan Chase & Co. lifted their price objective on BBB Foods from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Monday, April 20th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $43.14.

BBB Foods Trading Up 0.2%

Shares of TBBB stock opened at $42.18 on Thursday. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of -27.21 and a beta of 0.03. The company has a current ratio of 0.60, a quick ratio of 0.35 and a debt-to-equity ratio of 2.76. The firm has a 50-day moving average price of $38.22 and a 200 day moving average price of $36.03. BBB Foods Inc. has a twelve month low of $23.81 and a twelve month high of $43.81.

BBB Foods (NYSE:TBBB) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.03). The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. BBB Foods had a negative return on equity of 79.86% and a negative net margin of 3.95%. Research analysts forecast that BBB Foods Inc. will post -0.61 earnings per share for the current fiscal year.

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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.