DNB Asset Management AS Has $11.56 Million Stock Position in BBB Foods Inc. $TBBB

DNB Asset Management AS reduced its position in BBB Foods Inc. (NYSE:TBBB) by 7.5% in the 4th quarter, HoldingsChannel reports. The firm owned 346,153 shares of the company’s stock after selling 28,122 shares during the period. DNB Asset Management AS’s holdings in BBB Foods were worth $11,558,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Osaic Holdings Inc. acquired a new stake in BBB Foods in the 2nd quarter valued at about $25,000. Farther Finance Advisors LLC lifted its position in BBB Foods by 92.5% during the fourth quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock worth $28,000 after acquiring an additional 396 shares during the last quarter. Larson Financial Group LLC lifted its position in BBB Foods by 547.9% during the third quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock worth $28,000 after acquiring an additional 893 shares during the last quarter. Toth Financial Advisory Corp lifted its position in BBB Foods by 29.0% during the fourth quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock worth $53,000 after acquiring an additional 360 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in BBB Foods by 26.1% during the third quarter. Jones Financial Companies Lllp now owns 2,869 shares of the company’s stock worth $75,000 after acquiring an additional 593 shares during the last quarter. 8.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TBBB has been the subject of several research reports. Wall Street Zen upgraded shares of BBB Foods from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Research downgraded shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, March 23rd. JPMorgan Chase & Co. raised their price objective on shares of BBB Foods from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a research report on Friday, March 27th. Finally, Morgan Stanley upgraded shares of BBB Foods to an “overweight” rating in a research report on Wednesday, January 28th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $42.50.

BBB Foods Stock Down 0.4%

Shares of TBBB opened at $36.42 on Monday. BBB Foods Inc. has a 12 month low of $23.81 and a 12 month high of $40.09. The firm’s 50 day moving average is $35.65 and its 200-day moving average is $34.19. The stock has a market capitalization of $4.25 billion, a PE ratio of -23.50 and a beta of 0.02. The company has a current ratio of 0.62, a quick ratio of 0.35 and a debt-to-equity ratio of 2.61.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.03). The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. BBB Foods had a negative net margin of 3.95% and a negative return on equity of 82.15%. Equities research analysts forecast that BBB Foods Inc. will post -0.57 EPS for the current year.

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.