William Blair Investment Management LLC Cuts Stake in BBB Foods Inc. $TBBB

William Blair Investment Management LLC cut its holdings in BBB Foods Inc. (NYSE:TBBB) by 67.0% in the third quarter, Holdings Channel reports. The fund owned 871,752 shares of the company’s stock after selling 1,767,489 shares during the quarter. William Blair Investment Management LLC’s holdings in BBB Foods were worth $23,502,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp lifted its position in BBB Foods by 3.5% during the 3rd quarter. J.Safra Asset Management Corp now owns 12,441 shares of the company’s stock worth $335,000 after acquiring an additional 423 shares during the period. Verdence Capital Advisors LLC lifted its holdings in shares of BBB Foods by 5.3% during the third quarter. Verdence Capital Advisors LLC now owns 9,579 shares of the company’s stock worth $279,000 after purchasing an additional 484 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of 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 purchasing an additional 593 shares during the period. Blue Trust Inc. increased its holdings in BBB Foods by 6.2% in the 3rd quarter. Blue Trust Inc. now owns 11,170 shares of the company’s stock worth $301,000 after buying an additional 657 shares during the period. Finally, Osaic Holdings Inc. purchased a new position in BBB Foods during the 2nd quarter worth approximately $25,000. 8.42% of the stock is currently owned by institutional investors.

BBB Foods Stock Down 2.4%

Shares of NYSE TBBB opened at $35.59 on Tuesday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.39 and a current ratio of 0.65. BBB Foods Inc. has a 1 year low of $23.00 and a 1 year high of $40.09. The stock’s 50-day simple moving average is $35.33 and its 200-day simple moving average is $30.76. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of -42.37 and a beta of -0.16.

Analysts Set New Price Targets

Several equities analysts have issued reports on TBBB shares. Morgan Stanley raised shares of BBB Foods to an “overweight” rating in a report on Wednesday, January 28th. The Goldman Sachs Group upped their price target on shares of 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 reaffirmed a “sell (d+)” rating on shares of BBB Foods in a research note on Monday, December 29th. Itau BBA Securities cut BBB Foods from an “outperform” rating to a “market perform” rating and set a $42.00 price target for the company. in a research report on Thursday, February 12th. Finally, Wall Street Zen cut shares of BBB Foods from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $39.00.

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.