Quantbot Technologies LP Takes $827,000 Position in BBB Foods Inc. (NYSE:TBBB)

Quantbot Technologies LP bought a new position in BBB Foods Inc. (NYSE:TBBB) during the third quarter, HoldingsChannel reports. The firm bought 27,558 shares of the company’s stock, valued at approximately $827,000.

A number of other large investors also recently modified their holdings of the company. J.Safra Asset Management Corp raised its holdings in BBB Foods by 153.3% during the second quarter. J.Safra Asset Management Corp now owns 3,369 shares of the company’s stock worth $80,000 after buying an additional 2,039 shares during the last quarter. Hood River Capital Management LLC increased its position in shares of BBB Foods by 118.5% during the second quarter. Hood River Capital Management LLC now owns 4,958 shares of the company’s stock worth $119,000 after acquiring an additional 2,689 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of BBB Foods in the 2nd quarter worth about $103,000. Engle Capital Management L.P. lifted its position in BBB Foods by 0.7% in the 2nd quarter. Engle Capital Management L.P. now owns 720,000 shares of the company’s stock valued at $17,179,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Federated Hermes Inc. acquired a new position in BBB Foods during the 2nd quarter valued at about $143,000. 8.42% of the stock is currently owned by institutional investors.

BBB Foods Price Performance

Shares of NYSE:TBBB opened at $28.22 on Monday. The company’s 50-day moving average is $31.91 and its 200 day moving average is $28.44. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.79 and a quick ratio of 0.54. BBB Foods Inc. has a fifty-two week low of $18.71 and a fifty-two week high of $35.22.

Analysts Set New Price Targets

Several brokerages have recently commented on TBBB. Hsbc Global Res raised BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Friday, August 23rd. HSBC upgraded 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. Jefferies Financial Group assumed coverage on shares of BBB Foods in a research note on Monday, September 9th. They issued a “hold” rating and a $33.00 target price for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of BBB Foods from $30.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $30.57.

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.