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

FMR LLC boosted its holdings in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 23.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,616,770 shares of the company's stock after acquiring an additional 490,100 shares during the quarter. FMR LLC owned 2.33% of BBB Foods worth $78,503,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TBBB. Quest Partners LLC acquired a new stake in shares of BBB Foods during the third quarter worth approximately $16,899,000. State of New Jersey Common Pension Fund D increased its stake in shares of BBB Foods by 29.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 51,664 shares of the company's stock worth $1,550,000 after acquiring an additional 11,663 shares during the last quarter. Verdence Capital Advisors LLC acquired a new position in shares of BBB Foods in the third quarter worth $224,000. Van ECK Associates Corp boosted its position in BBB Foods by 13.6% during the third quarter. Van ECK Associates Corp now owns 207,878 shares of the company's stock valued at $6,727,000 after purchasing an additional 24,963 shares during the last quarter. Finally, Driehaus Capital Management LLC purchased a new position in BBB Foods in the second quarter valued at about $26,562,000. Hedge funds and other institutional investors own 8.42% of the company's stock.

Analysts Set New Price Targets

TBBB has been the subject of several recent research reports. Jefferies Financial Group began coverage on BBB Foods in a research note on Monday, September 9th. They issued a "hold" rating and a $33.00 price target for the company. Hsbc Global Res raised shares of BBB Foods from a "strong sell" rating to a "hold" rating in a research 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 price objective for the company 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 company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $30.57.

BBB Foods Price Performance

NYSE:TBBB traded up $1.28 during midday trading on Friday, reaching $30.00. The stock had a trading volume of 563,309 shares, compared to its average volume of 788,474. 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 firm's fifty day simple moving average is $31.68 and its 200-day simple moving average is $28.48. BBB Foods Inc. has a 1-year low of $18.71 and a 1-year high of $35.22.

BBB Foods Company 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.