Fiera Capital Corp Lowers Holdings in BBB Foods Inc. (NYSE:TBBB)

Fiera Capital Corp decreased its position in BBB Foods Inc. (NYSE:TBBB - Free Report) by 46.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 187,271 shares of the company's stock after selling 160,220 shares during the period. Fiera Capital Corp owned approximately 0.17% of BBB Foods worth $5,618,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. J.Safra Asset Management Corp acquired a new position in BBB Foods in the first quarter valued at $32,000. Hood River Capital Management LLC acquired a new position in BBB Foods in the first quarter valued at $54,000. National Bank of Canada FI acquired a new position in shares of BBB Foods during the second quarter valued at about $103,000. Engle Capital Management L.P. raised its holdings in shares of BBB Foods by 0.7% during the second quarter. Engle Capital Management L.P. now owns 720,000 shares of the company's stock valued at $17,179,000 after purchasing an additional 5,000 shares during the period. Finally, Federated Hermes Inc. acquired a new position in shares of BBB Foods during the second quarter valued at about $143,000. Institutional investors and hedge funds own 8.42% of the company's stock.

BBB Foods Trading Up 2.5 %

Shares of BBB Foods stock traded up $0.83 on Friday, reaching $33.39. 482,323 shares of the company traded hands, compared to its average volume of 789,013. BBB Foods Inc. has a 52 week low of $18.71 and a 52 week high of $35.22. The company has a 50 day moving average of $31.41 and a 200 day moving average of $27.59. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.85.

BBB Foods (NYSE:TBBB - Get Free Report) last released its earnings results on Wednesday, August 21st. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.15. The company had revenue of $788.28 million for the quarter, compared to the consensus estimate of $708.69 million. As a group, equities research analysts anticipate that BBB Foods Inc. will post 0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TBBB. Jefferies Financial Group began coverage on shares of BBB Foods in a report on Monday, September 9th. They set a "hold" rating and a $33.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on shares of BBB Foods from $30.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday, August 7th. Hsbc Global Res upgraded shares of BBB Foods from a "strong sell" rating to a "hold" rating in a report on Friday, August 23rd. Finally, HSBC raised shares of BBB Foods from a "reduce" rating to a "hold" rating and set a $31.00 target price for the company in a research report on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $30.57.

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.