Janus Henderson Group PLC Sells 179,607 Shares of BBB Foods Inc. (NYSE:TBBB)

Janus Henderson Group PLC decreased its position in BBB Foods Inc. (NYSE:TBBB - Free Report) by 54.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 151,008 shares of the company's stock after selling 179,607 shares during the quarter. Janus Henderson Group PLC owned approximately 0.13% of BBB Foods worth $4,529,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Driehaus Capital Management LLC purchased a new stake in shares of BBB Foods in the 2nd quarter worth approximately $26,562,000. Quest Partners LLC purchased a new stake in shares of BBB Foods in the third quarter worth $16,899,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of BBB Foods in the second quarter worth $12,334,000. FMR LLC raised its position in shares of BBB Foods by 23.0% in the 3rd quarter. FMR LLC now owns 2,616,770 shares of the company's stock worth $78,503,000 after purchasing an additional 490,100 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in BBB Foods by 891.3% in the 2nd quarter. Sei Investments Co. now owns 296,390 shares of the company's stock worth $7,072,000 after purchasing an additional 266,490 shares in the last quarter. Hedge funds and other institutional investors own 8.42% of the company's stock.

BBB Foods Price Performance

BBB Foods stock traded up $0.83 during mid-day trading on Wednesday, reaching $29.92. 357,077 shares of the company's stock traded hands, compared to its average volume of 789,747. BBB Foods Inc. has a 12-month low of $18.71 and a 12-month high of $35.22. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.79 and a quick ratio of 0.54. The stock has a 50 day moving average of $31.66 and a two-hundred day moving average of $28.60.

Wall Street Analysts Forecast Growth

TBBB has been the subject of several recent analyst reports. Hsbc Global Res raised shares of BBB Foods from a "strong sell" rating to a "hold" rating in a report on Friday, August 23rd. HSBC upgraded shares of BBB Foods from a "reduce" rating to a "hold" rating and set a $31.00 price objective for the company in a report on Friday, August 23rd. Finally, Jefferies Financial Group started coverage on BBB Foods in a research note on Monday, September 9th. They set a "hold" rating and a $33.00 target price on the stock. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, BBB Foods has an average rating of "Hold" and an average price target of $30.57.

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.