BBB Foods Inc. (NYSE:TBBB) Shares Sold by Polar Capital Holdings Plc

Polar Capital Holdings Plc lowered its stake in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 25.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,036,375 shares of the company's stock after selling 355,816 shares during the quarter. Polar Capital Holdings Plc owned about 0.92% of BBB Foods worth $29,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of TBBB. Numerai GP LLC bought a new stake in BBB Foods during the fourth quarter worth about $310,000. Deutsche Bank AG bought a new stake in BBB Foods during the fourth quarter worth about $311,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in BBB Foods during the fourth quarter worth about $3,676,000. Driehaus Capital Management LLC grew its holdings in shares of BBB Foods by 17.4% during the fourth quarter. Driehaus Capital Management LLC now owns 1,567,285 shares of the company's stock valued at $44,323,000 after buying an additional 232,443 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in BBB Foods by 146.1% during the fourth quarter. Ameriprise Financial Inc. now owns 943,857 shares of the company's stock valued at $26,692,000 after purchasing an additional 560,280 shares during the period. Hedge funds and other institutional investors own 8.42% of the company's stock.

BBB Foods Stock Down 1.5%

NYSE TBBB traded down $0.46 during trading on Wednesday, reaching $30.75. 111,131 shares of the company's stock traded hands, compared to its average volume of 801,925. 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 firm has a market cap of $3.51 billion, a price-to-earnings ratio of 139.77 and a beta of 0.49. The company's 50 day simple moving average is $27.70 and its two-hundred day simple moving average is $28.77. BBB Foods Inc. has a 12-month low of $21.39 and a 12-month high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last issued 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 firm had revenue of $838.41 million for the quarter, compared to analysts' expectations of $836.80 million. As a group, sell-side analysts forecast that BBB Foods Inc. will post 0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

TBBB has been the topic of a number of research analyst reports. Itau BBA Securities upgraded shares of BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price objective on the stock in a research report on Monday, April 21st. Scotiabank set a $37.00 price objective on shares of BBB Foods and gave the company an "outperform" rating in a research report on Friday, April 11th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.67.

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.