Quantbot Technologies LP Buys Shares of 27,558 BBB Foods Inc. (NYSE:TBBB)

Quantbot Technologies LP purchased a new position in BBB Foods Inc. (NYSE:TBBB - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 27,558 shares of the company's stock, valued at approximately $827,000.

Several other large investors also recently modified their holdings of the business. FMR LLC grew its position in BBB Foods by 23.0% during the third quarter. FMR LLC now owns 2,616,770 shares of the company's stock valued at $78,503,000 after buying an additional 490,100 shares during the period. Driehaus Capital Management LLC purchased a new position in shares of BBB Foods during the second quarter valued at $26,562,000. Engle Capital Management L.P. lifted its stake in shares of 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 purchasing an additional 5,000 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in BBB Foods by 23.3% in the second quarter. The Manufacturers Life Insurance Company now owns 686,606 shares of the company's stock valued at $16,382,000 after buying an additional 129,773 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in BBB Foods during the 3rd quarter worth about $16,899,000. 8.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. HSBC upgraded BBB Foods from a "reduce" rating to a "hold" rating and set a $31.00 price objective on the stock in a report on Friday, August 23rd. Jefferies Financial Group assumed coverage on BBB Foods in a research report on Monday, September 9th. They set a "hold" rating and a $33.00 target price on the stock. JPMorgan Chase & Co. increased their price objective on shares of BBB Foods from $30.00 to $34.00 and gave the company an "overweight" rating in a research note on Wednesday, August 7th. Finally, Hsbc Global Res upgraded BBB Foods from a "strong sell" rating to a "hold" rating in a report on Friday, August 23rd. Five equities research 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 presently has an average rating of "Hold" and a consensus target price of $30.57.

BBB Foods Trading Down 0.5 %

Shares of NYSE:TBBB traded down $0.14 during trading on Monday, hitting $28.08. The company's stock had a trading volume of 285,057 shares, compared to its average volume of 784,546. BBB Foods Inc. has a fifty-two week low of $18.71 and a fifty-two week high of $35.22. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72. The stock's 50-day moving average price is $31.91 and its two-hundred day moving average price is $28.44.

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.