Public Employees Retirement System of Ohio Acquires Shares of 823,136 BBB Foods Inc. (NYSE:TBBB)

Public Employees Retirement System of Ohio purchased a new position in BBB Foods Inc. (NYSE:TBBB - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 823,136 shares of the company's stock, valued at approximately $24,694,000. Public Employees Retirement System of Ohio owned about 0.73% of BBB Foods as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. FMR LLC raised its holdings in BBB Foods by 23.0% in the third 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 period. Driehaus Capital Management LLC acquired a new stake in BBB Foods during the 2nd quarter worth $26,562,000. Engle Capital Management L.P. raised its stake in BBB Foods by 0.7% during the 2nd quarter. Engle Capital Management L.P. now owns 720,000 shares of the company's stock worth $17,179,000 after buying an additional 5,000 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in BBB Foods by 23.3% during the second quarter. The Manufacturers Life Insurance Company now owns 686,606 shares of the company's stock worth $16,382,000 after acquiring an additional 129,773 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in BBB Foods in the third quarter valued at about $16,899,000. 8.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Hsbc Global Res upgraded BBB Foods from a "strong sell" rating to a "hold" rating in a report on Friday, August 23rd. HSBC raised shares of BBB Foods from a "reduce" rating to a "hold" rating and set a $31.00 price target on the stock in a research note on Friday, August 23rd. Finally, Jefferies Financial Group initiated 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. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $30.57.

BBB Foods Stock Down 1.2 %

Shares of TBBB stock traded down $0.35 during trading on Tuesday, reaching $29.09. The company's stock had a trading volume of 342,734 shares, compared to its average volume of 789,174. BBB Foods Inc. has a one year low of $18.71 and a one year high of $35.22. The business has a fifty day moving average price of $31.65 and a 200-day moving average price of $28.59. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79.

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.