BBB Foods Inc. $TBBB Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC cut its position in shares of BBB Foods Inc. (NYSE:TBBB) by 19.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,639,241 shares of the company’s stock after selling 633,836 shares during the period. William Blair Investment Management LLC’s holdings in BBB Foods were worth $73,265,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC raised its holdings in shares of BBB Foods by 942.8% in the first quarter. Millennium Management LLC now owns 1,240,966 shares of the company’s stock worth $33,109,000 after acquiring an additional 1,121,959 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of BBB Foods in the first quarter worth $18,209,000. Ameriprise Financial Inc. raised its holdings in shares of BBB Foods by 73.2% in the first quarter. Ameriprise Financial Inc. now owns 1,634,417 shares of the company’s stock worth $43,606,000 after acquiring an additional 690,560 shares during the last quarter. 12 West Capital Management LP raised its holdings in shares of BBB Foods by 33.4% in the first quarter. 12 West Capital Management LP now owns 2,289,058 shares of the company’s stock worth $61,072,000 after acquiring an additional 572,500 shares during the last quarter. Finally, TT International Asset Management LTD acquired a new position in shares of BBB Foods in the first quarter worth $15,261,000. 8.42% of the stock is owned by institutional investors and hedge funds.

BBB Foods Price Performance

Shares of NYSE:TBBB opened at $26.97 on Friday. The company has a market cap of $3.08 billion, a P/E ratio of -337.13 and a beta of -0.03. 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 52 week low of $23.00 and a 52 week high of $35.22. The business has a fifty day simple moving average of $25.98 and a 200-day simple moving average of $26.90.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings data on Monday, August 11th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.09). The business had revenue of $1 billion during 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%. Equities research analysts forecast that BBB Foods Inc. will post 0.15 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TBBB shares. Zacks Research raised BBB Foods from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. The Goldman Sachs Group raised BBB Foods to a “hold” rating in a report on Wednesday, July 9th. Weiss Ratings reissued a “sell (d)” rating on shares of BBB Foods in a report on Wednesday, October 8th. Finally, Wall Street Zen cut BBB Foods from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $33.75.

BBB Foods Company 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.