BBB Foods Inc. (NYSE:TBBB) Shares Sold by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC reduced its position in BBB Foods Inc. (NYSE:TBBB - Free Report) by 4.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 378,100 shares of the company's stock after selling 16,900 shares during the period. Zweig DiMenna Associates LLC owned 0.34% of BBB Foods worth $11,343,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TBBB. J.Safra Asset Management Corp bought a new stake in BBB Foods during the first quarter worth approximately $32,000. Hood River Capital Management LLC purchased a new stake in BBB Foods during the 1st quarter valued at $54,000. National Bank of Canada FI purchased a new stake in BBB Foods during the 2nd quarter valued at $103,000. Federated Hermes Inc. purchased a new position in BBB Foods during the second quarter worth $143,000. Finally, Quent Capital LLC bought a new position in BBB Foods during the second quarter valued at $167,000. 8.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TBBB shares. Hsbc Global Res upgraded BBB Foods from a "strong sell" rating to a "hold" rating in a research note on Friday, August 23rd. HSBC raised shares of BBB Foods from a "reduce" rating to a "hold" rating and set a $31.00 price objective for the company in a research report on Friday, August 23rd. Jefferies Financial Group initiated coverage on shares of BBB Foods in a research note on Monday, September 9th. They set a "hold" rating and a $33.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price objective on BBB Foods from $30.00 to $34.00 and gave the stock an "overweight" rating in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $30.57.

BBB Foods Stock Up 3.1 %

TBBB stock traded up $1.03 during trading on Friday, reaching $34.25. 314,725 shares of the company traded hands, compared to its average volume of 789,659. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.79 and a quick ratio of 0.54. The business has a 50 day simple moving average of $31.09 and a 200 day simple moving average of $26.69. BBB Foods Inc. has a 12 month low of $18.71 and a 12 month high of $34.34.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its earnings results on Wednesday, August 21st. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.15. The firm had revenue of $788.28 million for the quarter, compared to analysts' expectations of $708.69 million. Analysts forecast that BBB Foods Inc. will post 0.14 EPS for the current 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.