BBB Foods Inc. $TBBB Stock Holdings Boosted by Wasatch Advisors LP

Wasatch Advisors LP increased its position in BBB Foods Inc. (NYSE:TBBB) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,239,474 shares of the company’s stock after acquiring an additional 139,649 shares during the period. Wasatch Advisors LP’s holdings in BBB Foods were worth $176,659,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TBBB. Goldman Sachs Group Inc. grew its position in BBB Foods by 276.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 156,526 shares of the company’s stock worth $4,176,000 after purchasing an additional 114,990 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of BBB Foods by 48.4% during the second quarter. Qube Research & Technologies Ltd now owns 285,206 shares of the company’s stock valued at $7,917,000 after buying an additional 92,989 shares during the last quarter. Sei Investments Co. boosted its position in shares of BBB Foods by 57.7% during the second quarter. Sei Investments Co. now owns 417,794 shares of the company’s stock worth $11,598,000 after buying an additional 152,883 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of BBB Foods by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 705,005 shares of the company’s stock worth $19,571,000 after buying an additional 2,434 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in BBB Foods by 32.3% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,979 shares of the company’s stock worth $4,774,000 after buying an additional 41,979 shares in the last quarter. 8.42% of the stock is currently owned by institutional investors.

BBB Foods Stock Performance

TBBB opened at $41.48 on Wednesday. The firm has a market cap of $4.92 billion and a PE ratio of -26.76. The company has a quick ratio of 0.35, a current ratio of 0.60 and a debt-to-equity ratio of 2.76. The business has a fifty day simple moving average of $41.11 and a 200-day simple moving average of $37.86. BBB Foods Inc. has a fifty-two week low of $23.81 and a fifty-two week high of $44.58.

Analysts Set New Price Targets

Several research firms recently commented on TBBB. Wall Street Zen upgraded BBB Foods from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research raised BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Citigroup started coverage on BBB Foods in a report on Friday, July 31st. They set a “buy” rating and a $49.00 price target on the stock. Scotiabank lifted their price objective on shares of BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. upped their price objective on shares of BBB Foods from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, BBB Foods has a consensus rating of “Moderate Buy” and a consensus price target of $45.12.

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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.