Capital Research Global Investors Cuts Position in BBB Foods Inc. $TBBB

by · The Cerbat Gem

Capital Research Global Investors cut its stake in BBB Foods Inc. (NYSE:TBBB – Free Report) by 0.6% in the 4th quarter, Holdings Channel reports. The fund owned 5,844,413 shares of the company’s stock after selling 37,637 shares during the quarter. Capital Research Global Investors owned about 0.05% of BBB Foods worth $195,145,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TBBB. Wasatch Advisors LP grew its position in BBB Foods by 314.6% in the second quarter. Wasatch Advisors LP now owns 2,192,012 shares of the company’s stock worth $60,850,000 after acquiring an additional 1,663,338 shares in the last quarter. 12 West Capital Management LP grew its position in BBB Foods by 39.8% in the third quarter. 12 West Capital Management LP now owns 3,382,770 shares of the company’s stock worth $91,199,000 after acquiring an additional 963,712 shares in the last quarter. Duquesne Family Office LLC grew its position in BBB Foods by 228.1% in the third quarter. Duquesne Family Office LLC now owns 1,183,125 shares of the company’s stock worth $31,897,000 after acquiring an additional 822,575 shares in the last quarter. Bronte Capital Management Pty Ltd. purchased a new position in BBB Foods in the fourth quarter worth $13,161,000. Finally, Bank of America Corp DE grew its position in BBB Foods by 153.5% in the second quarter. Bank of America Corp DE now owns 599,626 shares of the company’s stock worth $16,646,000 after acquiring an additional 363,079 shares in the last quarter. 8.42% of the stock is currently owned by hedge funds and other institutional investors.

BBB Foods Stock Performance

BBB Foods stock opened at $39.62 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.60 and a debt-to-equity ratio of 2.76. The company has a market capitalization of $4.70 billion, a PE ratio of -25.56 and a beta of 0.03. The firm has a fifty day simple moving average of $36.86 and a two-hundred day simple moving average of $35.23. BBB Foods Inc. has a twelve month low of $23.81 and a twelve month high of $40.09.

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 for the quarter, missing the consensus estimate of ($0.24) by ($0.03). The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate 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 expect that BBB Foods Inc. will post -0.61 EPS for the current year.

Wall Street Analyst Weigh In

TBBB has been the subject of several research reports. Itau BBA Securities upgraded shares of BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research report on Friday, March 13th. Wells Fargo & Company set a $42.00 target price on shares of BBB Foods in a research report on Friday, March 13th. Zacks Research lowered shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, March 23rd. Wall Street Zen raised shares of BBB Foods from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, UBS Group boosted their price target on shares of BBB Foods from $31.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, BBB Foods presently has a consensus rating of “Hold” and an average price target of $43.14.

Read Our Latest Stock Analysis on BBB Foods

BBB Foods Profile

(Free Report)

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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