Ghisallo Capital Management LLC Trims Stake in BBB Foods Inc. (NYSE:TBBB)

Ghisallo Capital Management LLC decreased its position in shares of BBB Foods Inc. (NYSE:TBBB) by 50.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200,000 shares of the company’s stock after selling 200,000 shares during the quarter. Ghisallo Capital Management LLC owned approximately 0.18% of BBB Foods worth $5,656,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in BBB Foods in the third quarter worth about $230,000. JPMorgan Chase & Co. raised its holdings in shares of BBB Foods by 0.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,274,625 shares of the company’s stock valued at $38,239,000 after purchasing an additional 7,014 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of BBB Foods in the 4th quarter worth approximately $375,000. Zweig DiMenna Associates LLC boosted its stake in shares of BBB Foods by 4.9% during the fourth quarter. Zweig DiMenna Associates LLC now owns 396,641 shares of the company’s stock valued at $11,217,000 after purchasing an additional 18,541 shares in the last quarter. Finally, Tempus Wealth Planning LLC purchased a new position in BBB Foods during the fourth quarter valued at approximately $343,000. Hedge funds and other institutional investors own 8.42% of the company’s stock.

BBB Foods Stock Up 0.4 %

BBB Foods stock opened at $30.17 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72. The stock has a 50-day moving average of $26.41 and a two-hundred day moving average of $29.13. BBB Foods Inc. has a one year low of $20.32 and a one year high of $35.22.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings data on Wednesday, April 9th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $1.02 by ($1.03). The company had revenue of $784.03 million for the quarter, compared to analysts’ expectations of $16.87 billion. Equities research analysts forecast that BBB Foods Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Itau BBA Securities raised BBB Foods from a “market perform” rating to an “outperform” rating and set a $36.00 target price on the stock in a research report on Monday, April 21st. Scotiabank set a $37.00 price objective on BBB Foods and gave the stock an “outperform” rating in a research note on Friday, April 11th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $33.67.

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.