GSA Capital Partners LLP Reduces Stock Position in BBB Foods Inc. $TBBB

GSA Capital Partners LLP lessened its stake in BBB Foods Inc. (NYSE:TBBB) by 42.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,725 shares of the company’s stock after selling 14,319 shares during the quarter. GSA Capital Partners LLP’s holdings in BBB Foods were worth $532,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its holdings in BBB Foods by 276.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 156,526 shares of the company’s stock valued at $4,176,000 after buying an additional 114,990 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of BBB Foods during the 2nd quarter valued at about $2,676,000. Teacher Retirement System of Texas grew its holdings in shares of BBB Foods by 0.3% in the second quarter. Teacher Retirement System of Texas now owns 1,165,895 shares of the company’s stock valued at $32,365,000 after purchasing an additional 3,200 shares during the period. Jennison Associates LLC acquired a new stake in BBB Foods during the second quarter worth about $847,000. Finally, Zweig DiMenna Associates LLC increased its position in BBB Foods by 9.0% during the second quarter. Zweig DiMenna Associates LLC now owns 282,050 shares of the company’s stock worth $7,830,000 after purchasing an additional 23,284 shares during the last quarter. Institutional investors and hedge funds own 8.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TBBB. UBS Group increased their price target on shares of BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday. The Goldman Sachs Group increased their price objective on BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, December 18th. Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a research report on Monday, December 29th. Morgan Stanley raised BBB Foods to an “overweight” rating in a research note on Wednesday, January 28th. Finally, Zacks Research upgraded BBB Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, BBB Foods presently has an average rating of “Hold” and an average price target of $39.00.

BBB Foods Trading Down 4.3%

Shares of NYSE TBBB opened at $36.01 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.39 and a debt-to-equity ratio of 2.21. The stock has a market capitalization of $4.11 billion, a PE ratio of -42.87 and a beta of -0.14. BBB Foods Inc. has a twelve month low of $23.00 and a twelve month high of $40.09. The stock has a fifty day simple moving average of $35.02 and a 200-day simple moving average of $30.42.

BBB Foods 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.