BBB Foods Inc. $TBBB Holdings Decreased by 12 West Capital Management LP

12 West Capital Management LP reduced its position in BBB Foods Inc. (NYSE:TBBB) by 30.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,362,770 shares of the company’s stock after selling 1,020,000 shares during the quarter. BBB Foods comprises about 9.4% of 12 West Capital Management LP’s investment portfolio, making the stock its 4th biggest position. 12 West Capital Management LP’s holdings in BBB Foods were worth $78,893,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC raised its position in shares of BBB Foods by 92.5% in the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock worth $28,000 after buying an additional 396 shares during the period. Osaic Holdings Inc. purchased a new position in BBB Foods in the second quarter valued at about $25,000. Larson Financial Group LLC raised its position in BBB Foods by 547.9% in the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock valued at $28,000 after purchasing an additional 893 shares during the period. Smartleaf Asset Management LLC purchased a new position in BBB Foods in the fourth quarter valued at about $39,000. Finally, Toth Financial Advisory Corp raised its position in BBB Foods by 29.0% in the fourth quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock valued at $53,000 after purchasing an additional 360 shares during the period. 8.42% of the stock is owned by hedge funds and other institutional investors.

BBB Foods Stock Performance

Shares of TBBB stock opened at $42.53 on Thursday. 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 business has a 50 day moving average of $37.72 and a two-hundred day moving average of $35.72. BBB Foods Inc. has a 52 week low of $23.81 and a 52 week high of $43.80. The company has a market cap of $5.04 billion, a P/E ratio of -27.44 and a beta of 0.03.

BBB Foods (NYSE:TBBB) last issued its earnings results on Wednesday, May 6th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. As a group, analysts anticipate that BBB Foods Inc. will post -0.61 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on TBBB. Zacks Research lowered BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, March 23rd. JPMorgan Chase & Co. lifted their target price on BBB Foods from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. UBS Group lifted their target price on BBB Foods from $31.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. HSBC raised BBB Foods from a “hold” rating to a “buy” rating and lifted their target price for the stock from $38.00 to $47.00 in a research report on Wednesday, May 27th. Finally, Scotiabank boosted their price objective on BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $43.14.

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