BNP Paribas Financial Markets Acquires 145,056 Shares of BBB Foods Inc. (NYSE:TBBB)

BNP Paribas Financial Markets boosted its position in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 196.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 219,045 shares of the company's stock after acquiring an additional 145,056 shares during the quarter. BNP Paribas Financial Markets owned 0.20% of BBB Foods worth $6,571,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TBBB. Driehaus Capital Management LLC purchased a new position in shares of BBB Foods in the second quarter worth approximately $26,562,000. Barings LLC raised its holdings in BBB Foods by 34.5% in the 2nd quarter. Barings LLC now owns 83,798 shares of the company's stock worth $1,999,000 after purchasing an additional 21,502 shares during the period. Picton Mahoney Asset Management lifted its position in BBB Foods by 43.8% during the second quarter. Picton Mahoney Asset Management now owns 68,600 shares of the company's stock valued at $1,637,000 after purchasing an additional 20,900 shares in the last quarter. Sei Investments Co. increased its position in BBB Foods by 891.3% in the second quarter. Sei Investments Co. now owns 296,390 shares of the company's stock worth $7,072,000 after buying an additional 266,490 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of BBB Foods in the second quarter worth about $12,334,000. Institutional investors own 8.42% of the company's stock.

BBB Foods Price Performance

NYSE TBBB traded up $0.50 on Tuesday, hitting $28.34. 251,789 shares of the stock were exchanged, compared to its average volume of 785,001. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72. BBB Foods Inc. has a 52-week low of $18.71 and a 52-week high of $35.22. The stock has a fifty day moving average price of $31.83 and a two-hundred day moving average price of $28.46.

Analysts Set New Price Targets

A number of research firms have commented on TBBB. JPMorgan Chase & Co. raised their target price on shares of BBB Foods from $30.00 to $34.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 7th. Jefferies Financial Group began coverage on shares of BBB Foods in a research note on Monday, September 9th. They set a "hold" rating and a $33.00 target price on the stock. HSBC upgraded BBB Foods from a "reduce" rating to a "hold" rating and set a $31.00 price target for the company in a research note on Friday, August 23rd. Finally, Hsbc Global Res raised BBB Foods from a "strong sell" rating to a "hold" rating in a research note on Friday, August 23rd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, BBB Foods presently has a consensus rating of "Hold" and a consensus price target 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.