JPMorgan Chase & Co. Cuts Stake in BBB Foods Inc. (NYSE:TBBB)

JPMorgan Chase & Co. reduced its stake in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 26.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 942,771 shares of the company's stock after selling 331,854 shares during the quarter. JPMorgan Chase & Co. owned about 0.84% of BBB Foods worth $26,662,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in BBB Foods in the 4th quarter worth about $375,000. Tempus Wealth Planning LLC purchased a new stake in shares of BBB Foods in the fourth quarter worth approximately $343,000. Barings LLC raised its holdings in shares of BBB Foods by 375.0% in the fourth quarter. Barings LLC now owns 37,959 shares of the company's stock worth $1,073,000 after buying an additional 29,968 shares during the period. William Blair Investment Management LLC lifted its stake in shares of BBB Foods by 8.8% during the 4th quarter. William Blair Investment Management LLC now owns 2,118,138 shares of the company's stock worth $59,901,000 after acquiring an additional 170,811 shares during the last quarter. Finally, Zweig DiMenna Associates LLC boosted its holdings in BBB Foods by 4.9% during the 4th quarter. Zweig DiMenna Associates LLC now owns 396,641 shares of the company's stock valued at $11,217,000 after acquiring an additional 18,541 shares during the period. 8.42% of the stock is currently owned by hedge funds and other institutional investors.

BBB Foods Stock Performance

Shares of BBB Foods stock traded up $0.60 during trading on Friday, hitting $27.25. 614,124 shares of the stock traded hands, compared to its average volume of 840,238. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79. The stock's fifty day simple moving average is $26.47 and its 200 day simple moving average is $29.30. BBB Foods Inc. has a 52-week low of $19.31 and a 52-week high of $35.22.

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BBB Foods (NYSE:TBBB - Get Free Report) last posted its earnings results on Wednesday, April 9th. The company reported ($0.01) 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 analyst estimates of $16.87 billion. Equities research analysts expect that BBB Foods Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Itau BBA Securities initiated coverage on BBB Foods in a research note on Wednesday, January 22nd. They issued a "market perform" rating and a $32.00 target price on the stock. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, BBB Foods presently has a consensus rating of "Hold" and an average price target of $32.83.

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.