BNP Paribas Financial Markets Sells 91,207 Shares of BBB Foods Inc. (NYSE:TBBB)

BNP Paribas Financial Markets trimmed its position in BBB Foods Inc. (NYSE:TBBB - Free Report) by 41.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 127,838 shares of the company's stock after selling 91,207 shares during the period. BNP Paribas Financial Markets owned 0.11% of BBB Foods worth $3,615,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TBBB. SG Americas Securities LLC acquired a new stake in shares of BBB Foods in the 4th quarter valued at about $375,000. Tempus Wealth Planning LLC bought a new stake in BBB Foods during the 4th quarter valued at $343,000. Barings LLC grew its position in BBB Foods by 375.0% in the fourth quarter. Barings LLC now owns 37,959 shares of the company's stock worth $1,073,000 after acquiring an additional 29,968 shares in the last quarter. William Blair Investment Management LLC boosted its position in BBB Foods by 8.8% during the fourth quarter. William Blair Investment Management LLC now owns 2,118,138 shares of the company's stock valued at $59,901,000 after buying an additional 170,811 shares during the period. Finally, Zweig DiMenna Associates LLC raised its stake in shares of BBB Foods by 4.9% during the fourth 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 during the last quarter. 8.42% of the stock is currently owned by institutional investors.

BBB Foods Stock Performance

BBB Foods stock traded down $0.01 during mid-day trading on Tuesday, reaching $30.89. The company's stock had a trading volume of 16,124 shares, compared to its average volume of 801,578. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 140.41 and a beta of 0.49. The business has a 50 day moving average price of $27.57 and a 200-day moving average price of $28.75. BBB Foods Inc. has a twelve month low of $21.39 and a twelve month high of $35.22. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72.

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

Analysts Set New Price Targets

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

BBB Foods 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.