Van ECK Associates Corp lessened its holdings in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 60.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 81,713 shares of the company's stock after selling 126,165 shares during the quarter. Van ECK Associates Corp owned about 0.07% of BBB Foods worth $2,311,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in TBBB. FMR LLC grew its stake in BBB Foods by 23.0% in the third quarter. FMR LLC now owns 2,616,770 shares of the company's stock valued at $78,503,000 after purchasing an additional 490,100 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in BBB Foods by 0.6% in 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 in the last quarter. Public Employees Retirement System of Ohio acquired a new position in BBB Foods in the 3rd quarter valued at approximately $24,694,000. Quest Partners LLC acquired a new position in shares of BBB Foods in the 3rd quarter worth approximately $16,899,000. Finally, Zweig DiMenna Associates LLC raised its holdings in shares of BBB Foods by 4.9% in the 4th quarter. Zweig DiMenna Associates LLC now owns 396,641 shares of the company's stock worth $11,217,000 after buying an additional 18,541 shares in the last quarter. Institutional investors and hedge funds own 8.42% of the company's stock.
Analyst Ratings Changes
Separately, Itau BBA Securities started coverage on BBB Foods in a research report on Wednesday, January 22nd. They issued a "market perform" rating and a $32.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $30.75.
Read Our Latest Stock Analysis on BBB Foods
BBB Foods Stock Down 1.2 %
BBB Foods stock traded down $0.34 during mid-day trading on Friday, hitting $28.09. 562,114 shares of the company's stock were exchanged, compared to its average volume of 1,208,642. BBB Foods Inc. has a fifty-two week low of $19.31 and a fifty-two week high of $35.22. 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 company's 50 day simple moving average is $29.40 and its 200-day simple moving average is $30.26.
BBB Foods (NYSE:TBBB - Get Free Report) last issued its quarterly earnings data on Monday, November 25th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.03 by $0.07. As a group, analysts predict that BBB Foods Inc. will post 0.15 earnings per share for the current fiscal year.
BBB Foods Profile
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Free Report)
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.
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