BBB Foods Inc. (NYSE:TBBB) Shares Sold by Capital International Sarl

Capital International Sarl trimmed its holdings in shares of BBB Foods Inc. (NYSE:TBBB) by 17.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,907 shares of the company’s stock after selling 24,598 shares during the quarter. Capital International Sarl owned 0.10% of BBB Foods worth $3,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its position in BBB Foods by 33.6% during the 4th quarter. FMR LLC now owns 3,494,773 shares of the company’s stock worth $98,832,000 after acquiring an additional 878,003 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of BBB Foods by 8.8% during the fourth quarter. William Blair Investment Management LLC now owns 2,118,138 shares of the company’s stock worth $59,901,000 after purchasing an additional 170,811 shares during the period. 12 West Capital Management LP purchased a new stake in BBB Foods in the fourth quarter valued at approximately $48,544,000. Grandeur Peak Global Advisors LLC increased its holdings in BBB Foods by 10.2% in the 4th quarter. Grandeur Peak Global Advisors LLC now owns 1,412,891 shares of the company’s stock worth $39,957,000 after buying an additional 130,373 shares during the period. Finally, JPMorgan Chase & Co. raised its position in BBB Foods by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,274,625 shares of the company’s stock worth $38,239,000 after buying an additional 7,014 shares during the last quarter. 8.42% of the stock is owned by institutional investors and hedge funds.

BBB Foods Stock Performance

NYSE TBBB opened at $25.96 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72. BBB Foods Inc. has a twelve month low of $19.67 and a twelve month high of $35.22. The stock has a 50-day moving average of $26.34 and a 200 day moving average of $29.18.

BBB Foods (NYSE:TBBB) last released its quarterly earnings results on Wednesday, April 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($1.03). The company had revenue of $784.03 million for the quarter, compared to analysts’ expectations of $16.87 billion. As a group, equities research analysts expect that BBB Foods Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TBBB shares. Scotiabank set a $37.00 price objective on shares of BBB Foods and gave the stock an “outperform” rating in a research note on Friday, April 11th. Itau BBA Securities started coverage on BBB Foods in a research note on Wednesday, January 22nd. They issued a “market perform” rating and a $32.00 target price on the stock. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $33.00.

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.