Capital International Investors Has $175.38 Million Stake in BBB Foods Inc. $TBBB

Capital International Investors trimmed its stake in BBB Foods Inc. (NYSE:TBBB) by 3.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,505,188 shares of the company’s stock after selling 218,564 shares during the quarter. Capital International Investors owned 5.70% of BBB Foods worth $175,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TBBB. Osaic Holdings Inc. acquired a new stake in shares of BBB Foods during the 2nd quarter valued at $25,000. Toth Financial Advisory Corp acquired a new position in shares of BBB Foods in the third quarter worth $33,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of BBB Foods during the second quarter worth $72,000. Jones Financial Companies Lllp boosted its position in BBB Foods by 26.1% during the third quarter. Jones Financial Companies Lllp now owns 2,869 shares of the company’s stock valued at $75,000 after purchasing an additional 593 shares during the last quarter. Finally, State of Wyoming acquired a new stake in BBB Foods during the second quarter valued at $158,000. 8.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. UBS Group upped their target price on BBB Foods from $31.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Morgan Stanley raised BBB Foods to an “overweight” rating in a research note on Wednesday, January 28th. Zacks Research upgraded BBB Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Wall Street Zen cut shares of BBB Foods from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Finally, Itau BBA Securities downgraded shares of BBB Foods from an “outperform” rating to a “market perform” rating and set a $42.00 target price for the company. in a research report on Thursday, February 12th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $39.00.

BBB Foods Price Performance

Shares of TBBB stock opened at $34.08 on Thursday. The company has a market capitalization of $3.89 billion, a P/E ratio of -40.57 and a beta of -0.16. The stock has a 50 day moving average of $35.30 and a two-hundred day moving average of $31.13. The company has a current ratio of 0.65, a quick ratio of 0.39 and a debt-to-equity ratio of 2.21. BBB Foods Inc. has a 12 month low of $23.75 and a 12 month high of $40.09.

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