Capital Research Global Investors Trims Stock Holdings in BBB Foods Inc. $TBBB

Capital Research Global Investors trimmed its holdings in BBB Foods Inc. (NYSE:TBBB) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,844,413 shares of the company’s stock after selling 37,637 shares during the period. Capital Research Global Investors owned approximately 5.12% of BBB Foods worth $195,145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of TBBB. Wasatch Advisors LP grew its stake in BBB Foods by 314.6% in the 2nd quarter. Wasatch Advisors LP now owns 2,192,012 shares of the company’s stock valued at $60,850,000 after buying an additional 1,663,338 shares in the last quarter. 12 West Capital Management LP grew its stake in BBB Foods by 39.8% in the 3rd quarter. 12 West Capital Management LP now owns 3,382,770 shares of the company’s stock valued at $91,199,000 after buying an additional 963,712 shares in the last quarter. Duquesne Family Office LLC grew its stake in BBB Foods by 228.1% in the 3rd quarter. Duquesne Family Office LLC now owns 1,183,125 shares of the company’s stock valued at $31,897,000 after buying an additional 822,575 shares in the last quarter. Bronte Capital Management Pty Ltd. purchased a new position in BBB Foods in the 4th quarter valued at approximately $13,161,000. Finally, Bank of America Corp DE grew its stake in BBB Foods by 153.5% in the 2nd quarter. Bank of America Corp DE now owns 599,626 shares of the company’s stock valued at $16,646,000 after buying an additional 363,079 shares in the last quarter. 8.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TBBB has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a research note on Friday, March 27th. Scotiabank boosted their price target 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. Wall Street Zen upgraded shares of BBB Foods from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Wells Fargo & Company set a $42.00 price target on shares of BBB Foods in a research report on Friday, March 13th. Finally, UBS Group boosted their price target on shares of BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, BBB Foods presently has a consensus rating of “Hold” and an average target price of $43.14.

BBB Foods Stock Up 0.5%

TBBB opened at $39.62 on Tuesday. The company has a fifty day moving average price of $36.86 and a 200-day moving average price of $35.23. The firm has a market capitalization of $4.70 billion, a P/E ratio of -25.56 and a beta of 0.03. The company has a debt-to-equity ratio of 2.76, a current ratio of 0.60 and a quick ratio of 0.35. BBB Foods Inc. has a one year low of $23.81 and a one year high of $40.09.

BBB Foods (NYSE:TBBB) last released its quarterly 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). The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. BBB Foods had a negative net margin of 3.95% and a negative return on equity of 79.86%. Equities research analysts expect that BBB Foods Inc. will post -0.61 earnings per share for the current fiscal 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.