William Blair Investment Management LLC reduced its stake in BBB Foods Inc. (NYSE:TBBB – Free Report) by 14.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 742,649 shares of the company’s stock after selling 129,103 shares during the quarter. William Blair Investment Management LLC owned about 0.65% of BBB Foods worth $24,797,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. Capital Research Global Investors raised its holdings in BBB Foods by 2.6% in the 3rd quarter. Capital Research Global Investors now owns 5,882,050 shares of the company’s stock valued at $158,580,000 after acquiring an additional 151,003 shares during the period. 12 West Capital Management LP grew its position in shares of BBB Foods by 39.8% during the 3rd quarter. 12 West Capital Management LP now owns 3,382,770 shares of the company’s stock worth $91,199,000 after purchasing an additional 963,712 shares in the last quarter. Wasatch Advisors LP grew its position in shares of BBB Foods by 23.8% during the 3rd quarter. Wasatch Advisors LP now owns 2,712,916 shares of the company’s stock worth $73,140,000 after purchasing an additional 520,904 shares in the last quarter. 3G Capital Partners LP grew its position in shares of BBB Foods by 6.7% during the 3rd quarter. 3G Capital Partners LP now owns 1,600,000 shares of the company’s stock worth $43,136,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Duquesne Family Office LLC grew its position in shares of BBB Foods by 228.1% during the 3rd quarter. Duquesne Family Office LLC now owns 1,183,125 shares of the company’s stock worth $31,897,000 after purchasing an additional 822,575 shares in the last quarter. 8.42% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
TBBB has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of BBB Foods from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Itau BBA Securities upgraded shares of BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a research report on Friday, March 13th. Scotiabank increased 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. UBS Group increased their target price on shares of BBB Foods from $31.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Finally, Wells Fargo & Company set a $42.00 target price on shares of BBB Foods in a research report on Friday, March 13th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, BBB Foods currently has a consensus rating of “Hold” and an average price target of $42.50.
BBB Foods Stock Performance
Shares of NYSE:TBBB opened at $36.72 on Tuesday. The company’s 50 day moving average price is $36.10 and its two-hundred day moving average price is $34.57. BBB Foods Inc. has a 12-month low of $23.81 and a 12-month high of $40.09. The firm has a market cap of $4.29 billion, a PE ratio of -23.69 and a beta of 0.02. The company has a quick ratio of 0.35, a current ratio of 0.62 and a debt-to-equity ratio of 2.61.
BBB Foods (NYSE:TBBB – Get Free Report) last posted 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 82.15% and a negative net margin of 3.95%. Equities research analysts predict that BBB Foods Inc. will post -0.61 earnings per share for the current 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.
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