Van ECK Associates Corp Sells 126,165 Shares of BBB Foods Inc. (NYSE:TBBB)

Van ECK Associates Corp lowered its position in BBB Foods Inc. (NYSE:TBBB) by 60.7% during the 4th quarter, according to the company in its most recent Form 13F 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’s holdings in BBB Foods were worth $2,311,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of BBB Foods by 0.6% in the third quarter. JPMorgan Chase & Co. now owns 1,274,625 shares of the company’s stock worth $38,239,000 after purchasing an additional 7,014 shares during the period. Verdence Capital Advisors LLC bought a new position in shares of BBB Foods in the third quarter worth $224,000. Virtu Financial LLC bought a new position in shares of BBB Foods in the third quarter worth $230,000. XTX Topco Ltd increased its holdings in shares of BBB Foods by 95.9% in the third quarter. XTX Topco Ltd now owns 23,756 shares of the company’s stock worth $713,000 after purchasing an additional 11,632 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of BBB Foods by 29.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 51,664 shares of the company’s stock worth $1,550,000 after purchasing an additional 11,663 shares during the period. Institutional investors own 8.42% of the company’s stock.

BBB Foods Price Performance

NYSE TBBB opened at $28.39 on Friday. The company has a 50-day simple moving average of $29.40 and a two-hundred day simple moving average of $30.26. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79. BBB Foods Inc. has a 12-month low of $19.31 and a 12-month high of $35.22.

BBB Foods (NYSE:TBBB) last posted its quarterly earnings results on Monday, November 25th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.07. As a group, equities analysts predict that BBB Foods Inc. will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Itau BBA Securities assumed coverage on BBB Foods in a research note on Wednesday, January 22nd. They issued a “market perform” rating and a $32.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, BBB Foods presently has a consensus rating of “Hold” and a consensus target price of $30.75.

BBB Foods Company 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.