BBB Foods Inc. (NYSE:TBBB) Position Lessened by Polar Capital Holdings Plc

Polar Capital Holdings Plc decreased its stake in BBB Foods Inc. (NYSE:TBBB - Free Report) by 25.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,036,375 shares of the company's stock after selling 355,816 shares during the period. Polar Capital Holdings Plc owned 0.92% of BBB Foods worth $29,309,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of BBB Foods in the 4th quarter worth approximately $375,000. Tempus Wealth Planning LLC bought a new stake in BBB Foods during the 4th quarter valued at $343,000. Barings LLC raised its stake in BBB Foods by 375.0% during the 4th quarter. Barings LLC now owns 37,959 shares of the company's stock valued at $1,073,000 after acquiring an additional 29,968 shares in the last quarter. William Blair Investment Management LLC raised its stake in BBB Foods by 8.8% during the 4th 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 in the last quarter. Finally, Zweig DiMenna Associates LLC raised its stake in BBB Foods by 4.9% during the 4th quarter. Zweig DiMenna Associates LLC now owns 396,641 shares of the company's stock valued at $11,217,000 after acquiring an additional 18,541 shares in the last quarter. Institutional investors own 8.42% of the company's stock.

BBB Foods Stock Up 0.7%

TBBB opened at $30.16 on Friday. BBB Foods Inc. has a one year low of $21.39 and a one year high of $35.22. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79. The stock's fifty day moving average is $27.34 and its 200-day moving average is $28.82. The company has a market capitalization of $3.44 billion, a PE ratio of 137.09 and a beta of 0.49.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.10). The firm had revenue of $838.41 million during the quarter, compared to the consensus estimate of $836.80 million. On average, equities analysts predict that BBB Foods Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Scotiabank set a $37.00 target price on BBB Foods and gave the company an "outperform" rating in a research note on Friday, April 11th. Itau BBA Securities raised BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 target price on the stock in a research note on Monday, April 21st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $33.67.

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.

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