William Blair Investment Management LLC Lowers Stock Holdings in BBB Foods Inc. $TBBB

William Blair Investment Management LLC lowered its stake in BBB Foods Inc. (NYSE:TBBB) by 19.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,639,241 shares of the company’s stock after selling 633,836 shares during the period. William Blair Investment Management LLC owned approximately 2.31% of BBB Foods worth $73,265,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Verdence Capital Advisors LLC increased its holdings in shares of BBB Foods by 6.2% in the second quarter. Verdence Capital Advisors LLC now owns 9,095 shares of the company’s stock valued at $252,000 after purchasing an additional 529 shares during the period. Tempus Wealth Planning LLC increased its holdings in shares of BBB Foods by 4.7% in the first quarter. Tempus Wealth Planning LLC now owns 12,703 shares of the company’s stock valued at $339,000 after purchasing an additional 571 shares during the period. J.Safra Asset Management Corp increased its holdings in shares of BBB Foods by 6.4% in the first quarter. J.Safra Asset Management Corp now owns 10,925 shares of the company’s stock valued at $291,000 after purchasing an additional 661 shares during the period. Banque Transatlantique SA acquired a new position in shares of BBB Foods in the first quarter valued at approximately $25,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of BBB Foods by 124.6% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,140 shares of the company’s stock valued at $57,000 after purchasing an additional 1,187 shares during the period. Institutional investors and hedge funds own 8.42% of the company’s stock.

Analyst Ratings Changes

TBBB has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of BBB Foods in a report on Wednesday, October 8th. Zacks Research raised BBB Foods from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. The Goldman Sachs Group raised BBB Foods to a “hold” rating in a report on Wednesday, July 9th. Finally, Wall Street Zen cut BBB Foods from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $33.75.

BBB Foods Stock Up 0.9%

TBBB opened at $26.97 on Friday. The business has a 50 day simple moving average of $25.98 and a 200-day simple moving average of $26.90. The stock has a market capitalization of $3.08 billion, a P/E ratio of -337.13 and a beta of -0.03. BBB Foods Inc. has a 12 month low of $23.00 and a 12 month high of $35.22. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.69 and a quick ratio of 0.44.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.09). The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $17.98 billion. BBB Foods had a negative return on equity of 3.07% and a negative net margin of 0.19%. On average, equities analysts anticipate 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.