BBB Foods Inc. $TBBB Holdings Decreased by Atika Capital Management LLC

Atika Capital Management LLC lowered its stake in BBB Foods Inc. (NYSE:TBBB) by 11.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,544 shares of the company’s stock after selling 21,283 shares during the quarter. Atika Capital Management LLC owned about 0.14% of BBB Foods worth $4,484,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TBBB. 12 West Capital Management LP raised its position in shares of BBB Foods by 33.4% during the 1st quarter. 12 West Capital Management LP now owns 2,289,058 shares of the company’s stock worth $61,072,000 after buying an additional 572,500 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in BBB Foods by 73.2% during the first quarter. Ameriprise Financial Inc. now owns 1,634,417 shares of the company’s stock worth $43,606,000 after purchasing an additional 690,560 shares in the last quarter. Millennium Management LLC raised its holdings in BBB Foods by 942.8% during the first quarter. Millennium Management LLC now owns 1,240,966 shares of the company’s stock worth $33,109,000 after purchasing an additional 1,121,959 shares in the last quarter. Teacher Retirement System of Texas lifted its position in BBB Foods by 0.3% in the second quarter. Teacher Retirement System of Texas now owns 1,165,895 shares of the company’s stock worth $32,365,000 after purchasing an additional 3,200 shares during the period. Finally, Itau Unibanco Holding S.A. bought a new position in BBB Foods during the 1st quarter valued at $18,209,000. Institutional investors and hedge funds own 8.42% of the company’s stock.

Wall Street Analyst Weigh In

TBBB has been the topic of several research analyst reports. Zacks Research cut BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of BBB Foods in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on shares of BBB Foods from $35.50 to $39.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, Wall Street Zen downgraded shares of BBB Foods from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $34.80.

BBB Foods Trading Down 1.0%

NYSE TBBB opened at $31.85 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.39 and a debt-to-equity ratio of 2.21. BBB Foods Inc. has a 1-year low of $23.00 and a 1-year high of $33.14. The firm’s fifty day simple moving average is $27.56 and its 200-day simple moving average is $27.08. The company has a market capitalization of $3.64 billion, a PE ratio of -37.92 and a beta of -0.03.

BBB Foods (NYSE:TBBB) last issued its earnings results on Wednesday, November 19th. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.23). BBB Foods had a negative net margin of 2.61% and a negative return on equity of 44.56%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.06 billion. As a group, sell-side analysts anticipate that BBB Foods Inc. will post 0.15 earnings per share 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.