Kayne Anderson Rudnick Investment Management LLC Sells 43,181 Shares of BBB Foods Inc. (NYSE:TBBB)

Kayne Anderson Rudnick Investment Management LLC reduced its stake in BBB Foods Inc. (NYSE:TBBB - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 258,503 shares of the company's stock after selling 43,181 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.23% of BBB Foods worth $7,310,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Virtu Financial LLC acquired a new position in BBB Foods in the third quarter valued at about $230,000. J.Safra Asset Management Corp raised its stake in shares of BBB Foods by 204.7% in the fourth quarter. J.Safra Asset Management Corp now owns 10,264 shares of the company's stock valued at $293,000 after acquiring an additional 6,895 shares during the last quarter. Tempus Wealth Planning LLC acquired a new position in shares of BBB Foods in the 4th quarter worth approximately $343,000. SG Americas Securities LLC acquired a new stake in BBB Foods during the 4th quarter valued at $375,000. Finally, Mariner LLC acquired a new stake in BBB Foods during the 4th quarter valued at $611,000. 8.42% of the stock is owned by institutional investors and hedge funds.

BBB Foods Stock Up 4.2 %

Shares of TBBB traded up $1.20 during trading hours on Thursday, hitting $30.08. 556,549 shares of the stock traded hands, compared to its average volume of 831,819. The business has a fifty day moving average of $26.33 and a 200-day moving average of $29.14. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72. BBB Foods Inc. has a 1-year low of $19.99 and a 1-year high of $35.22.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Itau BBA Securities upgraded BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 target price on the stock in a report on Monday. Scotiabank set a $37.00 price target on shares of BBB Foods and gave the stock an "outperform" rating in a research report on Friday, April 11th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $33.67.

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.