Thornburg Investment Management Inc. Sells 208,843 Shares of BBB Foods Inc. $TBBB

Thornburg Investment Management Inc. reduced its holdings in shares of BBB Foods Inc. (NYSE:TBBB) by 52.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 187,102 shares of the company’s stock after selling 208,843 shares during the period. Thornburg Investment Management Inc. owned about 0.16% of BBB Foods worth $6,247,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TBBB. Osaic Holdings Inc. bought a new stake in shares of BBB Foods during the 2nd quarter worth approximately $25,000. Farther Finance Advisors LLC lifted its stake in shares of BBB Foods by 92.5% during the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock worth $28,000 after acquiring an additional 396 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of BBB Foods by 547.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock worth $28,000 after acquiring an additional 893 shares during the last quarter. Smartleaf Asset Management LLC bought a new stake in shares of BBB Foods during the 4th quarter worth approximately $39,000. Finally, Toth Financial Advisory Corp lifted its stake in shares of BBB Foods by 29.0% during the 4th quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock worth $53,000 after acquiring an additional 360 shares during the last quarter. 8.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of BBB Foods in a research note on Friday, March 27th. UBS Group raised their price target on BBB Foods from $31.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Wall Street Zen raised BBB Foods from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Wells Fargo & Company set a $42.00 target price on BBB Foods in a research report on Friday, March 13th. Finally, HSBC raised BBB Foods from a “hold” rating to a “buy” rating and lifted their target price for the company from $38.00 to $47.00 in a research report on Wednesday, May 27th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $43.14.

BBB Foods Trading Up 0.1%

Shares of NYSE TBBB opened at $42.16 on Monday. The company has a quick ratio of 0.35, a current ratio of 0.60 and a debt-to-equity ratio of 2.76. The business has a fifty day simple moving average of $37.35 and a two-hundred day simple moving average of $35.50. The firm has a market cap of $5.00 billion, a PE ratio of -27.20 and a beta of 0.03. BBB Foods Inc. has a twelve month low of $23.81 and a twelve month high of $42.71.

BBB Foods (NYSE:TBBB) last issued its earnings results on Wednesday, May 6th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. BBB Foods had a negative net margin of 3.95% and a negative return on equity of 79.86%. Analysts expect that BBB Foods Inc. will post -0.61 earnings per share for the current fiscal 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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.