William Blair Investment Management LLC Sells 129,103 Shares of BBB Foods Inc. $TBBB

William Blair Investment Management LLC decreased its stake in BBB Foods Inc. (NYSE:TBBB) by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 742,649 shares of the company’s stock after selling 129,103 shares during the period. William Blair Investment Management LLC’s holdings in BBB Foods were worth $24,797,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wasatch Advisors LP raised its stake in shares of BBB Foods by 314.6% during the second quarter. Wasatch Advisors LP now owns 2,192,012 shares of the company’s stock valued at $60,850,000 after acquiring an additional 1,663,338 shares during the last quarter. 12 West Capital Management LP raised its stake in shares of BBB Foods by 39.8% during the third quarter. 12 West Capital Management LP now owns 3,382,770 shares of the company’s stock valued at $91,199,000 after acquiring an additional 963,712 shares during the last quarter. Duquesne Family Office LLC raised its stake in shares of BBB Foods by 228.1% during the third quarter. Duquesne Family Office LLC now owns 1,183,125 shares of the company’s stock valued at $31,897,000 after acquiring an additional 822,575 shares during the last quarter. Bronte Capital Management Pty Ltd. bought a new position in shares of BBB Foods during the fourth quarter valued at $13,161,000. Finally, Bank of America Corp DE raised its stake in shares of BBB Foods by 153.5% during the second quarter. Bank of America Corp DE now owns 599,626 shares of the company’s stock valued at $16,646,000 after acquiring an additional 363,079 shares during the last quarter. Institutional investors own 8.42% of the company’s stock.

Analyst Upgrades and Downgrades

TBBB has been the subject of several analyst reports. Itau BBA Securities raised shares of BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research note on Friday, March 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BBB Foods in a research note on Friday, March 27th. Wells Fargo & Company set a $42.00 price target on shares of BBB Foods in a research note on Friday, March 13th. Wall Street Zen raised shares of BBB Foods from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of BBB Foods from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Four equities research 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. Based on data from MarketBeat, BBB Foods has an average rating of “Hold” and an average price target of $42.50.

BBB Foods Price Performance

Shares of NYSE TBBB opened at $36.72 on Tuesday. BBB Foods Inc. has a twelve month low of $23.81 and a twelve month high of $40.09. The firm has a fifty day simple moving average of $36.10 and a 200 day simple moving average of $34.57. The company has a market capitalization of $4.29 billion, a PE ratio of -23.69 and a beta of 0.02. The company has a quick ratio of 0.35, a current ratio of 0.62 and a debt-to-equity ratio of 2.61.

BBB Foods (NYSE:TBBB) last posted 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 company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. BBB Foods had a negative return on equity of 82.15% and a negative net margin of 3.95%. On average, sell-side analysts forecast that BBB Foods Inc. will post -0.61 EPS for the current 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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.