Van ECK Associates Corp Invests $2.82 Million in BBB Foods Inc. (NYSE:TBBB)

Van ECK Associates Corp bought a new position in BBB Foods Inc. (NYSE:TBBBFree Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 118,615 shares of the company’s stock, valued at approximately $2,821,000. Van ECK Associates Corp owned about 0.11% of BBB Foods at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Seven Grand Managers LLC purchased a new position in BBB Foods in the 1st quarter worth approximately $2,378,000. Sib LLC bought a new stake in shares of BBB Foods during the 1st quarter valued at $4,756,000. Finally, Zweig DiMenna Associates LLC bought a new position in BBB Foods in the 1st quarter worth $6,342,000. 8.42% of the stock is owned by institutional investors.

BBB Foods Price Performance

TBBB opened at $23.72 on Friday. BBB Foods Inc. has a fifty-two week low of $18.71 and a fifty-two week high of $28.84. The firm has a fifty day moving average price of $24.33.

Analyst Ratings Changes

Several research analysts have commented on TBBB shares. UBS Group downgraded shares of BBB Foods from a “buy” rating to a “neutral” rating and increased their price objective for the company from $26.00 to $27.00 in a report on Tuesday, April 9th. Bank of America upped their target price on shares of BBB Foods from $26.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Finally, Scotiabank increased their price objective on shares of BBB Foods from $33.00 to $36.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 31st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.20.

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BBB Foods Company Profile

(Free Report)

BBB Foods Inc, through its subsidiaries, operates grocery retail stores in Mexico. It offers food products, drinks, hygiene and beauty products, home clean products, coffee, tea and substitutes, jellies and desserts, and baby and pet products. The company also provides branded, private label, and spot products.

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Institutional Ownership by Quarter for BBB Foods (NYSE:TBBB)

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