GSA Capital Partners LLP Lowers Holdings in BBB Foods Inc. $TBBB

GSA Capital Partners LLP lowered its holdings in BBB Foods Inc. (NYSE:TBBB) by 42.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,725 shares of the company’s stock after selling 14,319 shares during the period. GSA Capital Partners LLP’s holdings in BBB Foods were worth $532,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TBBB. Baillie Gifford & Co. increased its position in shares of BBB Foods by 123.4% during the third quarter. Baillie Gifford & Co. now owns 194,851 shares of the company’s stock worth $5,253,000 after acquiring an additional 107,622 shares during the period. Thornburg Investment Management Inc. boosted its holdings in BBB Foods by 182.1% in the second quarter. Thornburg Investment Management Inc. now owns 417,463 shares of the company’s stock valued at $11,589,000 after purchasing an additional 269,462 shares during the period. CenterBook Partners LP acquired a new position in BBB Foods during the 2nd quarter worth $2,359,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in BBB Foods by 687.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 111,607 shares of the company’s stock worth $3,098,000 after purchasing an additional 97,431 shares in the last quarter. Finally, Jennison Associates LLC purchased a new stake in BBB Foods during the 2nd quarter worth about $847,000. 8.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TBBB shares. Itau BBA Securities cut BBB Foods from an “outperform” rating to a “market perform” rating and set a $42.00 price objective for the company. in a research note on Thursday, February 12th. The Goldman Sachs Group raised their target price on shares of BBB Foods from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, December 18th. Wall Street Zen downgraded shares of BBB Foods from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Zacks Research raised shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Finally, Morgan Stanley upgraded shares of BBB Foods to an “overweight” rating in a report on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.00.

BBB Foods Stock Performance

Shares of TBBB stock opened at $36.01 on Tuesday. The stock’s 50-day moving average is $35.02 and its two-hundred day moving average is $30.42. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of -42.87 and a beta of -0.14. BBB Foods Inc. has a 1 year low of $23.00 and a 1 year high of $40.09. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.39 and a current ratio of 0.65.

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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.