BBB Foods Inc. $TBBB Stock Position Reduced by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC cut its stake in shares of BBB Foods Inc. (NYSE:TBBB) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 262,638 shares of the company’s stock after selling 13,612 shares during the period. Zweig DiMenna Associates LLC’s holdings in BBB Foods were worth $8,769,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Savant Capital LLC grew its position in BBB Foods by 6.7% during the fourth quarter. Savant Capital LLC now owns 12,540 shares of the company’s stock valued at $419,000 after purchasing an additional 792 shares in the last quarter. Global Retirement Partners LLC purchased a new position in BBB Foods during the fourth quarter valued at approximately $136,000. GSA Capital Partners LLP grew its position in BBB Foods by 223.7% during the fourth quarter. GSA Capital Partners LLP now owns 63,840 shares of the company’s stock valued at $2,132,000 after purchasing an additional 44,115 shares in the last quarter. Ashoka WhiteOak Capital Pte Ltd grew its position in BBB Foods by 147.8% during the fourth quarter. Ashoka WhiteOak Capital Pte Ltd now owns 143,200 shares of the company’s stock valued at $4,791,000 after purchasing an additional 85,400 shares in the last quarter. Finally, Bronte Capital Management Pty Ltd. purchased a new position in BBB Foods during the fourth quarter valued at approximately $13,161,000. 8.42% of the stock is owned by hedge funds and other institutional investors.

BBB Foods Price Performance

NYSE TBBB opened at $37.67 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.60 and a debt-to-equity ratio of 2.76. The stock has a market capitalization of $4.40 billion, a PE ratio of -24.30 and a beta of 0.02. The company has a 50 day moving average price of $36.23 and a two-hundred day moving average price of $34.73. BBB Foods Inc. has a 12-month low of $23.81 and a 12-month high of $40.09.

BBB Foods (NYSE:TBBB) last posted its earnings results on Wednesday, May 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. BBB Foods had a negative net margin of 3.95% and a negative return on equity of 79.86%. As a group, equities analysts predict that BBB Foods Inc. will post -0.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Wells Fargo & Company set a $42.00 target price on shares of BBB Foods in a research note on Friday, March 13th. JPMorgan Chase & Co. lifted their target price on shares of BBB Foods from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. HSBC upgraded shares of BBB Foods from a “hold” rating to a “buy” rating and lifted their target price for the company from $38.00 to $47.00 in a research note on Wednesday. Itau BBA Securities upgraded shares of BBB Foods from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research note on Friday, March 13th. Finally, UBS Group lifted their target price on shares of BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $43.14.

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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.