DNB Asset Management AS Has $10.09 Million Holdings in BBB Foods Inc. $TBBB

DNB Asset Management AS boosted its stake in BBB Foods Inc. (NYSE:TBBB) by 60.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 374,275 shares of the company’s stock after buying an additional 140,409 shares during the quarter. DNB Asset Management AS’s holdings in BBB Foods were worth $10,090,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in shares of BBB Foods by 276.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 156,526 shares of the company’s stock valued at $4,176,000 after purchasing an additional 114,990 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of BBB Foods in the second quarter valued at approximately $847,000. Zweig DiMenna Associates LLC boosted its holdings in shares of BBB Foods by 9.0% in the 2nd quarter. Zweig DiMenna Associates LLC now owns 282,050 shares of the company’s stock valued at $7,830,000 after buying an additional 23,284 shares during the last quarter. Fox Run Management L.L.C. boosted its stake in shares of BBB Foods by 66.0% during the 2nd quarter. Fox Run Management L.L.C. now owns 15,219 shares of the company’s stock worth $422,000 after acquiring an additional 6,049 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of BBB Foods by 687.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 111,607 shares of the company’s stock valued at $3,098,000 after purchasing an additional 97,431 shares during the last quarter. 8.42% of the stock is currently owned by institutional investors and hedge funds.

BBB Foods Stock Performance

Shares of TBBB stock opened at $36.37 on Friday. The company has a 50 day moving average price of $35.33 and a 200-day moving average price of $30.67. The firm has a market capitalization of $4.15 billion, a PE ratio of -43.30 and a beta of -0.14. The company has a quick ratio of 0.39, a current ratio of 0.65 and a debt-to-equity ratio of 2.21. BBB Foods Inc. has a 52 week low of $23.00 and a 52 week high of $40.09.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. 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. The Goldman Sachs Group lifted their price target on shares of BBB Foods from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Thursday, December 18th. Itau BBA Securities cut shares of BBB Foods from an “outperform” rating to a “market perform” rating and set a $42.00 price target on the stock. in a research report on Thursday, February 12th. Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a research report on Monday, December 29th. Finally, Wall Street Zen lowered shares of BBB Foods from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $39.00.

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.