Russell Investments Group Ltd. Sells 57,606 Shares of BBB Foods Inc. (NYSE:TBBB)

Russell Investments Group Ltd. lowered its stake in BBB Foods Inc. (NYSE:TBBB - Free Report) by 33.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,644 shares of the company's stock after selling 57,606 shares during the quarter. Russell Investments Group Ltd. owned about 0.10% of BBB Foods worth $3,270,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TBBB. Virtu Financial LLC bought a new position in BBB Foods during the third quarter valued at approximately $230,000. JPMorgan Chase & Co. boosted its position in shares of BBB Foods by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,274,625 shares of the company's stock valued at $38,239,000 after acquiring an additional 7,014 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of BBB Foods during the 4th quarter valued at approximately $375,000. Zweig DiMenna Associates LLC grew its holdings in shares of BBB Foods by 4.9% in the fourth quarter. Zweig DiMenna Associates LLC now owns 396,641 shares of the company's stock valued at $11,217,000 after purchasing an additional 18,541 shares in the last quarter. Finally, Tempus Wealth Planning LLC bought a new stake in BBB Foods in the fourth quarter worth $343,000. Institutional investors own 8.42% of the company's stock.

BBB Foods Stock Performance

Shares of TBBB traded up $1.13 during midday trading on Tuesday, hitting $28.07. The stock had a trading volume of 692,840 shares, compared to its average volume of 836,083. The stock's 50 day moving average is $26.31 and its 200 day moving average is $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 $19.88 and a 1 year high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $784.03 million for the quarter, compared to the consensus estimate of $16.87 billion. Research analysts anticipate that BBB Foods Inc. will post 0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on TBBB. Scotiabank set a $37.00 price objective on shares of BBB Foods and gave the company an "outperform" rating in a research report on Friday, April 11th. Itau BBA Securities raised shares of BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price target for the company in a report on Monday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, BBB Foods has a consensus rating of "Moderate Buy" and a consensus target price of $33.67.

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.