Atika Capital Management LLC Decreases Stock Holdings in BBB Foods Inc. $TBBB

Atika Capital Management LLC lowered its stake in BBB Foods Inc. (NYSE:TBBB) by 33.1% during the 1st quarter, HoldingsChannel reports. The firm owned 95,218 shares of the company’s stock after selling 47,064 shares during the period. Atika Capital Management LLC’s holdings in BBB Foods were worth $3,368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Toth Financial Advisory Corp boosted its stake in shares of BBB Foods by 29.0% in the 4th quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock worth $53,000 after buying an additional 360 shares during the last quarter. Farther Finance Advisors LLC increased its position in BBB Foods by 92.5% during the fourth quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock valued at $28,000 after acquiring an additional 396 shares during the last quarter. Orion Porfolio Solutions LLC increased its position in BBB Foods by 2.9% during the third quarter. Orion Porfolio Solutions LLC now owns 27,163 shares of the company’s stock valued at $732,000 after acquiring an additional 770 shares during the last quarter. Savant Capital LLC lifted its holdings in BBB Foods by 6.7% in the fourth quarter. Savant Capital LLC now owns 12,540 shares of the company’s stock valued at $419,000 after acquiring an additional 792 shares during the period. Finally, Osaic Holdings Inc. bought a new position in BBB Foods in the second quarter valued at about $25,000. Institutional investors own 8.42% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on TBBB. Zacks Research raised shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Wall Street Zen raised shares of BBB Foods from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. HSBC upgraded shares of BBB Foods from a “hold” rating to a “buy” rating and increased their price target for the stock from $38.00 to $47.00 in a research report on Wednesday, May 27th. Scotiabank boosted their price objective on shares of BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of BBB Foods in a report on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $43.43.

BBB Foods Stock Down 1.5%

NYSE TBBB opened at $39.81 on Friday. The stock has a market cap of $4.72 billion, a PE ratio of -25.68 and a beta of -0.02. The company has a current ratio of 0.60, a quick ratio of 0.35 and a debt-to-equity ratio of 2.76. BBB Foods Inc. has a 12 month low of $23.81 and a 12 month high of $43.81. The stock’s 50 day moving average is $39.99 and its 200 day moving average is $37.15.

BBB Foods (NYSE:TBBB) last issued its earnings results on Wednesday, May 6th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). The company had revenue of $1.28 billion for 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 predict that BBB Foods Inc. will post -0.61 EPS for the current fiscal year.

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.