BBB Foods Inc. $TBBB Shares Sold by Crow s Nest Holdings LP

Key Points

• Crow’s Nest Holdings LP cut its BBB Foods position by 30.9% in the second quarter, selling 170,000 shares and retaining 380,000 shares valued at approximately $15.8 million.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $48.12, although ratings range from “Strong Buy” to “Sell.”
• BBB Foods reported quarterly revenue of $1.49 billion, exceeding expectations, but missed on earnings with a loss of $0.19 per share versus a projected loss of $0.16. The stock opened at $49.69, near its 12-month high of $51.62.

Crow s Nest Holdings LP reduced its position in BBB Foods Inc. (NYSE:TBBB - Free Report) by 30.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 380,000 shares of the company's stock after selling 170,000 shares during the period. BBB Foods comprises 4.8% of Crow s Nest Holdings LP's investment portfolio, making the stock its 11th biggest position. Crow s Nest Holdings LP owned approximately 0.32% of BBB Foods worth $15,835,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Osaic Holdings Inc. acquired a new position in shares of BBB Foods during the 2nd quarter worth $25,000. Larson Financial Group LLC lifted its stake in BBB Foods by 547.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,056 shares of the company's stock valued at $28,000 after buying an additional 893 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of BBB Foods by 92.5% in the fourth quarter. Farther Finance Advisors LLC now owns 824 shares of the company's stock valued at $28,000 after acquiring an additional 396 shares in the last quarter. Smartleaf Asset Management LLC purchased a new stake in shares of BBB Foods in the fourth quarter valued at $39,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of BBB Foods during the fourth quarter valued at $89,000. 8.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TBBB has been the subject of several analyst reports. Scotiabank reissued an "outperform" rating and issued a $65.00 target price on shares of BBB Foods in a research note on Thursday, August 27th. HSBC raised shares of BBB Foods from a "hold" rating to a "buy" rating and raised their price target for the stock from $38.00 to $47.00 in a research note on Wednesday, May 27th. Weiss Ratings reissued a "sell (d+)" rating on shares of BBB Foods in a research report on Wednesday, June 24th. Wall Street Zen raised shares of BBB Foods from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th. Finally, JPMorgan Chase & Co. upped their price objective on shares of BBB Foods from $46.00 to $48.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $48.12.

BBB Foods Stock Performance

NYSE TBBB opened at $49.69 on Monday. The business's 50-day moving average price is $43.92 and its 200 day moving average price is $39.45. The company has a current ratio of 0.68, a quick ratio of 0.44 and a debt-to-equity ratio of 2.16. BBB Foods Inc. has a twelve month low of $23.81 and a twelve month high of $51.62. The company has a market capitalization of $5.89 billion, a PE ratio of -30.86 and a beta of 0.05.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.03). BBB Foods had a negative net margin of 3.68% and a negative return on equity of 72.47%. The business had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.42 billion. On average, research analysts predict that BBB Foods Inc. will post -0.63 earnings per share for the current year.

Insider Activity

In other BBB Foods news, Director Sapire Rose Nicole Domin Reich sold 7,623 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $50.50, for a total transaction of $384,961.50. Following the transaction, the director owned 7,623 shares of the company's stock, valued at $384,961.50. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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.

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