Van ECK Associates Corp Raises Stake in BBB Foods Inc. (NYSE:TBBB)

Van ECK Associates Corp increased its position in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 13.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,878 shares of the company's stock after acquiring an additional 24,963 shares during the period. Van ECK Associates Corp owned about 0.19% of BBB Foods worth $6,727,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TBBB. J.Safra Asset Management Corp acquired a new position in BBB Foods during the 1st quarter worth $32,000. Hood River Capital Management LLC acquired a new stake in BBB Foods in the first quarter valued at approximately $54,000. National Bank of Canada FI purchased a new position in BBB Foods in the second quarter worth approximately $103,000. Federated Hermes Inc. acquired a new position in BBB Foods during the 2nd quarter worth approximately $143,000. Finally, Quent Capital LLC purchased a new stake in shares of BBB Foods in the 2nd quarter valued at approximately $167,000. 8.42% of the stock is currently owned by hedge funds and other institutional investors.

BBB Foods Trading Up 2.5 %

Shares of NYSE:TBBB traded up $0.81 during trading on Friday, reaching $33.37. The company had a trading volume of 138,921 shares, compared to its average volume of 787,196. The stock's fifty day moving average price is $31.38 and its 200 day moving average price is $27.45. 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 1.85.

BBB Foods (NYSE:TBBB - Get Free Report) last released its earnings results on Wednesday, August 21st. The company reported $0.17 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 analyst estimates of $708.69 million. Analysts anticipate that BBB Foods Inc. will post 0.14 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on TBBB shares. Jefferies Financial Group initiated coverage on BBB Foods in a research note on Monday, September 9th. They issued a "hold" rating and a $33.00 price target on the stock. JPMorgan Chase & Co. upped their price target on BBB Foods from $30.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday, August 7th. HSBC upgraded 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, Hsbc Global Res upgraded shares of BBB Foods from a "strong sell" rating to a "hold" rating in a research note on Friday, August 23rd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, BBB Foods presently has a consensus 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.