Bank of America Corp DE Sells 1,694 Shares of BBB Foods Inc. (NYSE:TBBB)

Bank of America Corp DE lessened its position in BBB Foods Inc. (NYSE:TBBB) by 8.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 18,062 shares of the company’s stock after selling 1,694 shares during the period. Bank of America Corp DE’s holdings in BBB Foods were worth $511,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Capital Research Global Investors grew its stake in BBB Foods by 37.3% in the fourth quarter. Capital Research Global Investors now owns 5,330,214 shares of the company’s stock valued at $150,738,000 after acquiring an additional 1,448,093 shares during the period. FMR LLC grew its stake in BBB Foods by 33.6% in the fourth quarter. FMR LLC now owns 3,494,773 shares of the company’s stock valued at $98,832,000 after acquiring an additional 878,003 shares during the period. Gilder Gagnon Howe & Co. LLC grew its stake in BBB Foods by 3.1% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,853,906 shares of the company’s stock valued at $80,708,000 after acquiring an additional 84,482 shares during the period. William Blair Investment Management LLC grew its stake in BBB Foods by 8.8% in the fourth quarter. William Blair Investment Management LLC now owns 2,118,138 shares of the company’s stock valued at $59,901,000 after acquiring an additional 170,811 shares during the period. Finally, 12 West Capital Management LP acquired a new stake in BBB Foods in the fourth quarter valued at approximately $48,544,000. Institutional investors and hedge funds own 8.42% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on TBBB shares. Itau BBA Securities raised BBB Foods from a “market perform” rating to an “outperform” rating and set a $36.00 price objective for the company in a research note on Monday, April 21st. UBS Group lifted their target price on BBB Foods from $32.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, June 4th. Finally, Scotiabank set a $37.00 target price on BBB Foods and gave the company an “outperform” rating in a research report on Friday, April 11th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.00.

BBB Foods Stock Down 0.5%

Shares of NYSE:TBBB opened at $26.32 on Wednesday. The company has a market capitalization of $3.01 billion, a PE ratio of 119.61 and a beta of 0.16. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.79 and a quick ratio of 0.54. The business has a fifty day moving average price of $28.47 and a two-hundred day moving average price of $28.37. BBB Foods Inc. has a 1 year low of $21.39 and a 1 year high of $35.22.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.10). The business had revenue of $838.41 million during the quarter, compared to analysts’ expectations of $836.80 million. Analysts forecast that BBB Foods Inc. will post 0.15 earnings per share for the current 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.