Capital Research Global Investors Purchases 151,003 Shares of BBB Foods Inc. $TBBB

Capital Research Global Investors increased its position in shares of BBB Foods Inc. (NYSE:TBBB) by 2.6% in the third quarter, Holdings Channel.com reports. The firm owned 5,882,050 shares of the company’s stock after purchasing an additional 151,003 shares during the quarter. Capital Research Global Investors owned about 0.05% of BBB Foods worth $158,580,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TBBB. Wasatch Advisors LP raised its position in BBB Foods by 314.6% in the 2nd quarter. Wasatch Advisors LP now owns 2,192,012 shares of the company’s stock worth $60,850,000 after purchasing an additional 1,663,338 shares during the period. 3G Capital Partners LP boosted its position in shares of BBB Foods by 328.6% during the second quarter. 3G Capital Partners LP now owns 1,500,000 shares of the company’s stock valued at $41,640,000 after buying an additional 1,150,000 shares during the period. Bank of America Corp DE grew its stake in shares of BBB Foods by 153.5% during the second quarter. Bank of America Corp DE now owns 599,626 shares of the company’s stock valued at $16,646,000 after buying an additional 363,079 shares during the last quarter. Duquesne Family Office LLC bought a new position in shares of BBB Foods during the second quarter valued at approximately $10,009,000. Finally, Thornburg Investment Management Inc. raised its holdings in shares of BBB Foods by 182.1% in the second quarter. Thornburg Investment Management Inc. now owns 417,463 shares of the company’s stock worth $11,589,000 after buying an additional 269,462 shares during the period. 8.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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 Monday, December 29th. UBS Group increased their target price on BBB Foods from $31.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. The Goldman Sachs Group lifted their target price on BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, December 18th. Zacks Research raised shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, Itau BBA Securities downgraded 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 note on Thursday, February 12th. 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $39.00.

BBB Foods Trading Up 1.2%

NYSE:TBBB opened at $34.08 on Thursday. BBB Foods Inc. has a one year low of $23.75 and a one 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. The firm has a market cap of $3.89 billion, a P/E ratio of -40.57 and a beta of -0.16. The firm has a 50-day simple moving average of $35.30 and a 200-day simple moving average of $31.13.

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.