Capital International Investors Sells 2,271,974 Shares of BBB Foods Inc. $TBBB

Capital International Investors decreased its position in shares of BBB Foods Inc. (NYSE:TBBB) by 34.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,233,214 shares of the company’s stock after selling 2,271,974 shares during the quarter. Capital International Investors owned 3.71% of BBB Foods worth $141,347,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TBBB. Goldman Sachs Group Inc. lifted its holdings in shares of BBB Foods by 276.8% in the first quarter. Goldman Sachs Group Inc. now owns 156,526 shares of the company’s stock worth $4,176,000 after acquiring an additional 114,990 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of BBB Foods by 48.4% in the second quarter. Qube Research & Technologies Ltd now owns 285,206 shares of the company’s stock worth $7,917,000 after acquiring an additional 92,989 shares during the last quarter. Sei Investments Co. lifted its holdings 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 worth $11,598,000 after acquiring an additional 152,883 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings 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 worth $19,571,000 after acquiring an additional 2,434 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings 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 worth $4,774,000 after acquiring an additional 41,979 shares during the last quarter. Institutional investors own 8.42% of the company’s stock.

BBB Foods Stock Up 0.5%

TBBB stock opened at $39.62 on Tuesday. The firm has a 50-day moving average price of $36.86 and a 200-day moving average price of $35.23. BBB Foods Inc. has a 12 month low of $23.81 and a 12 month high of $40.09. 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 stock has a market capitalization of $4.70 billion, a P/E ratio of -25.56 and a beta of 0.03.

BBB Foods (NYSE:TBBB) last released its quarterly earnings data 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). BBB Foods had a negative net margin of 3.95% and a negative return on equity of 79.86%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. As a group, equities research analysts anticipate that BBB Foods Inc. will post -0.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TBBB has been the subject of a number of research reports. Wall Street Zen raised shares of BBB Foods from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. 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 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 report on Friday, February 20th. Zacks Research cut shares of BBB Foods from a “hold” rating to a “strong sell” rating in a report on Monday, March 23rd. Finally, Wells Fargo & Company set a $42.00 target price on shares of BBB Foods in a report on Friday, March 13th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $43.14.

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