Millennium Management LLC Sells 127,972 Shares of BBB Foods Inc. (NYSE:TBBB)

Millennium Management LLC cut its stake in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 51.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,007 shares of the company's stock after selling 127,972 shares during the quarter. Millennium Management LLC owned 0.11% of BBB Foods worth $3,366,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TBBB. SG Americas Securities LLC acquired a new stake in shares of BBB Foods in the fourth quarter worth $375,000. Tempus Wealth Planning LLC purchased a new stake in shares of BBB Foods during the fourth quarter worth $343,000. J.Safra Asset Management Corp raised its holdings in shares of BBB Foods by 204.7% during the fourth quarter. J.Safra Asset Management Corp now owns 10,264 shares of the company's stock worth $293,000 after acquiring an additional 6,895 shares in the last quarter. Barings LLC raised its holdings in shares of BBB Foods by 375.0% during 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. Finally, Picton Mahoney Asset Management raised its holdings in shares of BBB Foods by 13.5% during the fourth quarter. Picton Mahoney Asset Management now owns 29,400 shares of the company's stock worth $831,000 after acquiring an additional 3,500 shares in the last quarter. 8.42% of the stock is owned by institutional investors.

BBB Foods Stock Performance

Shares of NYSE:TBBB traded down $1.37 during midday trading on Wednesday, hitting $27.38. The company's stock had a trading volume of 812,384 shares, compared to its average volume of 771,880. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 124.45 and a beta of 0.17. The stock's 50 day simple moving average is $28.45 and its 200 day simple moving average is $28.56. BBB Foods Inc. has a fifty-two week low of $21.39 and a fifty-two week 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.

BBB Foods (NYSE:TBBB - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.10). The company had revenue of $838.41 million during the quarter, compared to analyst estimates of $836.80 million. As a group, research analysts anticipate that BBB Foods Inc. will post 0.15 earnings per share for the current year.

Analysts Set New Price Targets

TBBB has been the subject of several recent research reports. Itau BBA Securities upgraded BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price objective for the company in a report on Monday, April 21st. Scotiabank set a $37.00 target price on BBB Foods and gave the company an "outperform" rating in a report on Friday, April 11th. Finally, UBS Group raised their target price on BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $34.00.

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.