Capital International Investors Has $141.35 Million Position in BBB Foods Inc. $TBBB

by · The Cerbat Gem

Capital International Investors lowered its position in BBB Foods Inc. (NYSE:TBBB – Free Report) by 34.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,233,214 shares of the company’s stock after selling 2,271,974 shares during the quarter. Capital International Investors’ holdings in BBB Foods were worth $141,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in shares of BBB Foods by 92.5% in the fourth quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock valued at $28,000 after buying an additional 396 shares during the period. Osaic Holdings Inc. acquired a new position in shares of BBB Foods in the second quarter valued at approximately $25,000. Larson Financial Group LLC increased its stake in shares of BBB Foods by 547.9% in the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock valued at $28,000 after buying an additional 893 shares during the period. Toth Financial Advisory Corp increased its stake in shares of BBB Foods by 29.0% in the fourth quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock valued at $53,000 after buying an additional 360 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of BBB Foods by 26.1% in the third quarter. Jones Financial Companies Lllp now owns 2,869 shares of the company’s stock valued at $75,000 after buying an additional 593 shares during the period. Institutional investors and hedge funds own 8.42% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of BBB Foods from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Wells Fargo & Company set a $42.00 target price on shares of BBB Foods in a research report on Friday, March 13th. Scotiabank increased their target price 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. Zacks Research downgraded shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, March 23rd. Finally, Itau BBA Securities raised shares of BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research report on Friday, March 13th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, BBB Foods presently has a consensus rating of “Hold” and a consensus target price of $43.14.

Read Our Latest Report on BBB Foods

BBB Foods Stock Performance

NYSE:TBBB opened at $39.62 on Tuesday. The company has a market capitalization of $4.70 billion, a PE ratio of -25.56 and a beta of 0.03. The company has a 50 day simple moving average of $36.86 and a two-hundred day simple moving average of $35.23. The company has a debt-to-equity ratio of 2.76, a quick ratio of 0.35 and a current ratio of 0.60. BBB Foods Inc. has a fifty-two week low of $23.81 and a fifty-two week high of $40.09.

BBB Foods (NYSE:TBBB – Get Free Report) last released 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 firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. BBB Foods had a negative net margin of 3.95% and a negative return on equity of 79.86%. Research analysts anticipate that BBB Foods Inc. will post -0.61 earnings per share for the current year.

BBB Foods Profile

(Free Report)

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.

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