Atika Capital Management LLC Sells 37,873 Shares of BBB Foods Inc. $TBBB

Key Points

• Atika Capital Management LLC reduced its holdings in BBB Foods Inc. by 17.2%, now owning about 182,827 shares valued at $4.88 million.
• Analysts have mixed views on BBB Foods, with Goldman Sachs upgrading the rating to "hold" and Wall Street Zen downgrading it to "sell"; the consensus target price is $33.17.
• BBB Foods reported a quarterly loss of ($0.13) earnings per share, significantly missing estimates, with revenues of only $1 billion compared to expectations of $17.98 billion.

Atika Capital Management LLC lessened its stake in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 17.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 182,827 shares of the company's stock after selling 37,873 shares during the quarter. Atika Capital Management LLC owned about 0.16% of BBB Foods worth $4,878,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Tempus Wealth Planning LLC boosted its holdings in shares of BBB Foods by 4.7% during the 1st quarter. Tempus Wealth Planning LLC now owns 12,703 shares of the company's stock valued at $339,000 after acquiring an additional 571 shares during the last quarter. J.Safra Asset Management Corp boosted its holdings in shares of BBB Foods by 6.4% during the 1st quarter. J.Safra Asset Management Corp now owns 10,925 shares of the company's stock valued at $291,000 after acquiring an additional 661 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of BBB Foods by 15.3% during the 1st quarter. Verdence Capital Advisors LLC now owns 8,566 shares of the company's stock valued at $229,000 after acquiring an additional 1,136 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of BBB Foods by 124.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,140 shares of the company's stock valued at $57,000 after acquiring an additional 1,187 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of BBB Foods during the 1st quarter valued at about $37,000. Hedge funds and other institutional investors own 8.42% of the company's stock.

BBB Foods Price Performance

NYSE:TBBB traded up $0.25 during trading hours on Friday, hitting $25.81. 481,784 shares of the stock traded hands, compared to its average volume of 577,097. The company has a quick ratio of 0.44, a current ratio of 0.69 and a debt-to-equity ratio of 2.08. BBB Foods Inc. has a 1 year low of $23.00 and a 1 year high of $35.22. The company has a market cap of $2.95 billion, a price-to-earnings ratio of -322.63, a price-to-earnings-growth ratio of 11.76 and a beta of -0.02. The stock has a 50 day moving average price of $26.11 and a 200 day moving average price of $27.05.

BBB Foods (NYSE:TBBB - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.09). BBB Foods had a negative net margin of 0.19% and a negative return on equity of 3.07%. The firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $17.98 billion. Sell-side analysts forecast that BBB Foods Inc. will post 0.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of BBB Foods from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. The Goldman Sachs Group raised shares of BBB Foods to a "hold" rating in a report on Wednesday, July 9th. Finally, UBS Group raised their price objective on shares of BBB Foods from $32.00 to $33.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, BBB Foods has a consensus rating of "Hold" and a consensus target price of $33.60.

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.