Alliancebernstein L.P. Sells 17,835 Shares of BBB Foods Inc. (NYSE:TBBB)

Alliancebernstein L.P. cut its holdings in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 577,608 shares of the company's stock after selling 17,835 shares during the period. Alliancebernstein L.P. owned 0.51% of BBB Foods worth $16,335,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Picton Mahoney Asset Management boosted its holdings in BBB Foods by 13.5% during the fourth quarter. Picton Mahoney Asset Management now owns 29,400 shares of the company's stock worth $831,000 after buying an additional 3,500 shares during the last quarter. J.Safra Asset Management Corp grew its holdings in BBB Foods by 204.7% during the fourth quarter. J.Safra Asset Management Corp now owns 10,264 shares of the company's stock valued at $293,000 after purchasing an additional 6,895 shares during the period. JPMorgan Chase & Co. increased its stake in BBB Foods by 0.6% in the third quarter. JPMorgan Chase & Co. now owns 1,274,625 shares of the company's stock valued at $38,239,000 after purchasing an additional 7,014 shares in the last quarter. Virtu Financial LLC acquired a new stake in BBB Foods in the third quarter worth $230,000. Finally, Northwest & Ethical Investments L.P. boosted its position in shares of BBB Foods by 33.7% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 32,574 shares of the company's stock worth $921,000 after purchasing an additional 8,207 shares in the last quarter. Institutional investors own 8.42% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, Itau BBA Securities began coverage on BBB Foods in a report on Wednesday, January 22nd. They set a "market perform" rating and a $32.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, BBB Foods currently has a consensus rating of "Hold" and a consensus target price of $32.83.

BBB Foods Trading Up 1.1 %

Shares of BBB Foods stock traded up $0.31 during trading on Monday, reaching $27.49. The stock had a trading volume of 43,209 shares, compared to its average volume of 837,324. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79. BBB Foods Inc. has a 52 week low of $19.31 and a 52 week high of $35.22. The stock has a fifty day moving average price of $26.47 and a two-hundred day moving average price of $29.30.

BBB Foods (NYSE:TBBB - Get Free Report) last released its quarterly earnings results on Wednesday, April 9th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $1.02 by ($1.03). The business had revenue of $784.03 million during the quarter, compared to analysts' expectations of $16.87 billion. On average, research analysts expect that BBB Foods Inc. will post 0.15 EPS 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.