Fmr LLC Has $78.50 Million Holdings in BBB Foods Inc. (NYSE:TBBB)

Fmr LLC lifted its position in shares of BBB Foods Inc. (NYSE:TBBB) by 23.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,616,770 shares of the company’s stock after purchasing an additional 490,100 shares during the quarter. Fmr LLC owned approximately 2.33% of BBB Foods worth $78,503,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Driehaus Capital Management LLC acquired a new stake in shares of BBB Foods during the 2nd quarter worth approximately $26,562,000. Engle Capital Management L.P. grew its holdings in shares of BBB Foods by 0.7% during the 2nd quarter. Engle Capital Management L.P. now owns 720,000 shares of the company’s stock worth $17,179,000 after purchasing an additional 5,000 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in BBB Foods by 23.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 686,606 shares of the company’s stock valued at $16,382,000 after buying an additional 129,773 shares in the last quarter. Quest Partners LLC acquired a new stake in BBB Foods in the 3rd quarter valued at $16,899,000. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new stake in BBB Foods in the 2nd quarter valued at $12,334,000. Institutional investors and hedge funds own 8.42% of the company’s stock.

Analyst Ratings Changes

TBBB has been the topic of several recent analyst reports. Hsbc Global Res raised BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Friday, August 23rd. HSBC raised BBB Foods from a “reduce” rating to a “hold” rating and set a $31.00 price objective on the stock in a research note on Friday, August 23rd. Finally, Jefferies Financial Group started coverage on BBB Foods in a research note on Monday, September 9th. They issued a “hold” rating and a $33.00 price objective on the stock. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.57.

BBB Foods Stock Performance

TBBB stock opened at $28.72 on Friday. BBB Foods Inc. has a twelve month low of $18.71 and a twelve month high of $35.22. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79. The business has a fifty day moving average of $31.68 and a 200-day moving average of $28.48.

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.