563,298 Shares in BBB Foods Inc. (NYSE:TBBB) Bought by Quest Partners LLC

Quest Partners LLC acquired a new position in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 563,298 shares of the company's stock, valued at approximately $16,899,000. BBB Foods comprises 1.5% of Quest Partners LLC's holdings, making the stock its largest position. Quest Partners LLC owned about 0.50% of BBB Foods at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TBBB. Capital International Investors acquired a new stake in BBB Foods in the first quarter valued at $120,440,000. Capital International Inc. CA acquired a new stake in BBB Foods in the 1st quarter valued at about $33,004,000. Driehaus Capital Management LLC acquired a new stake in BBB Foods in the 2nd quarter valued at about $26,562,000. Thornburg Investment Management Inc. bought a new position in BBB Foods during the first quarter worth about $18,668,000. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new position in BBB Foods during the second quarter worth approximately $12,334,000. Institutional investors own 8.42% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Hsbc Global Res upgraded BBB Foods from a "strong sell" rating to a "hold" rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. lifted their price objective on shares of BBB Foods from $30.00 to $34.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 7th. Jefferies Financial Group assumed coverage on shares of BBB Foods in a research report on Monday, September 9th. They issued a "hold" rating and a $33.00 price objective on the stock. 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 report on Friday, August 23rd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $30.57.

BBB Foods Price Performance

Shares of BBB Foods stock traded down $0.07 during trading on Monday, reaching $32.11. The company's stock had a trading volume of 349,860 shares, compared to its average volume of 779,370. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.85. The business's 50-day moving average price is $31.69 and its 200-day moving average price is $28.00. BBB Foods Inc. has a 52 week low of $18.71 and a 52 week high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its quarterly earnings data on Wednesday, August 21st. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.15. The business had revenue of $788.28 million during the quarter, compared to the consensus estimate of $708.69 million. On average, research analysts predict that BBB Foods Inc. will post 0.14 earnings per share for the current year.

BBB Foods 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.