Thornburg Investment Management Inc. Sells 4,130 Shares of BBB Foods Inc. (NYSE:TBBB)

Thornburg Investment Management Inc. reduced its stake in BBB Foods Inc. (NYSE:TBBB) by 2.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 155,588 shares of the company’s stock after selling 4,130 shares during the quarter. Thornburg Investment Management Inc.’s holdings in BBB Foods were worth $4,400,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TBBB. SG Americas Securities LLC bought a new position in shares of BBB Foods during the fourth quarter valued at $375,000. Zweig DiMenna Associates LLC increased its holdings 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 in the last quarter. Tempus Wealth Planning LLC bought a new position in shares of BBB Foods during the fourth quarter valued at $343,000. J.Safra Asset Management Corp increased 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 valued at $293,000 after acquiring an additional 6,895 shares in the last quarter. Finally, Barings LLC increased 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 valued at $1,073,000 after acquiring an additional 29,968 shares in the last quarter. 8.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

TBBB has been the subject of several analyst reports. Scotiabank set a $37.00 price target on BBB Foods and gave the company an “outperform” rating in a report on Friday, April 11th. Itau BBA Securities raised BBB Foods from a “market perform” rating to an “outperform” rating and set a $36.00 price objective on the stock in a research report on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.67.

BBB Foods Stock Performance

TBBB stock opened at $30.37 on Monday. The stock has a market capitalization of $3.47 billion, a PE ratio of 138.04 and a beta of 0.49. BBB Foods Inc. has a 12-month low of $21.39 and a 12-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. The stock’s 50 day simple moving average is $27.45 and its 200 day simple moving average is $28.76.

BBB Foods (NYSE:TBBB) last announced 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 business had revenue of $838.41 million for the quarter, compared to analyst estimates of $836.80 million. As a group, research analysts forecast that BBB Foods Inc. will post 0.15 earnings per share for the current fiscal year.

About BBB Foods

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.