SG Americas Securities LLC Takes $375,000 Position in BBB Foods Inc. (NYSE:TBBB)

SG Americas Securities LLC bought a new position in BBB Foods Inc. (NYSE:TBBB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 13,276 shares of the company's stock, valued at approximately $375,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC acquired a new stake in shares of BBB Foods in the third quarter worth $224,000. Virtu Financial LLC purchased a new position in shares of BBB Foods during the 3rd quarter valued at about $230,000. XTX Topco Ltd lifted its holdings in shares of BBB Foods by 95.9% in the 3rd quarter. XTX Topco Ltd now owns 23,756 shares of the company's stock valued at $713,000 after buying an additional 11,632 shares during the period. Quantbot Technologies LP purchased a new stake in shares of BBB Foods in the third quarter worth about $827,000. Finally, State of New Jersey Common Pension Fund D grew its holdings in BBB Foods by 29.2% during 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 period. Institutional investors and hedge funds own 8.42% of the company's stock.

Analysts Set New Price Targets

Separately, Itau BBA Securities assumed coverage on BBB Foods in a report on Wednesday, January 22nd. They issued a "market perform" rating and a $32.00 price target for the company. Six 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 company presently has a consensus rating of "Hold" and an average target price of $30.75.

BBB Foods Price Performance

TBBB stock traded up $0.46 during mid-day trading on Friday, reaching $27.48. 3,302,473 shares of the company's stock were exchanged, compared to its average volume of 1,183,479. BBB Foods Inc. has a 12-month low of $18.71 and a 12-month high of $35.22. The stock's 50 day moving average is $29.60 and its 200 day moving average is $30.15. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79.

BBB Foods (NYSE:TBBB - Get Free Report) last announced its earnings results on Monday, November 25th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.07. Equities research analysts anticipate that BBB Foods Inc. will post 0.15 EPS for the current fiscal 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.