Capital International Inc. CA increased its holdings in shares of BBB Foods Inc. (NYSE:TBBB – Free Report) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,022,314 shares of the company’s stock after purchasing an additional 12,962 shares during the period. Capital International Inc. CA’s holdings in BBB Foods were worth $34,135,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barings LLC bought a new position in shares of BBB Foods during the third quarter valued at approximately $1,959,000. Citigroup Inc. raised its holdings in shares of BBB Foods by 108.9% in the third quarter. Citigroup Inc. now owns 281,023 shares of the company’s stock worth $7,576,000 after buying an additional 146,488 shares during the last quarter. DNB Asset Management AS raised its stake in BBB Foods by 60.0% in the 3rd quarter. DNB Asset Management AS now owns 374,275 shares of the company’s stock worth $10,090,000 after acquiring an additional 140,409 shares during the last quarter. Bronte Capital Management Pty Ltd. purchased a new position in BBB Foods in the 4th quarter worth $13,161,000. Finally, 3G Capital Partners LP raised its stake in BBB Foods by 6.7% in the 3rd quarter. 3G Capital Partners LP now owns 1,600,000 shares of the company’s stock worth $43,136,000 after acquiring an additional 100,000 shares during the last quarter. 8.42% of the stock is currently owned by institutional investors.
BBB Foods Stock Performance
TBBB opened at $39.24 on Friday. The firm has a market capitalization of $4.58 billion, a PE ratio of -25.31 and a beta of 0.03. BBB Foods Inc. has a twelve month low of $23.81 and a twelve month high of $40.09. The firm’s 50-day moving average price is $36.75 and its 200 day moving average price is $35.11. The company has a current ratio of 0.60, a quick ratio of 0.35 and a debt-to-equity ratio of 2.76.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on TBBB. HSBC upgraded shares of BBB Foods from a “hold” rating to a “buy” rating and boosted their target price for the company from $38.00 to $47.00 in a research report on Wednesday, May 27th. UBS Group upped their price objective on shares of BBB Foods from $31.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of BBB Foods in a research note on Friday, March 27th. Zacks Research cut shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, March 23rd. Finally, Wall Street Zen raised shares of BBB Foods from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, BBB Foods has a consensus rating of “Hold” and an average price target of $43.14.
Check Out Our Latest Report on BBB Foods
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.
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