Citigroup Inc. Has $7.58 Million Stock Holdings in BBB Foods Inc. $TBBB

Citigroup Inc. grew its position in BBB Foods Inc. (NYSE:TBBB) by 108.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 281,023 shares of the company’s stock after purchasing an additional 146,488 shares during the quarter. Citigroup Inc. owned approximately 0.25% of BBB Foods worth $7,576,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TBBB. Osaic Holdings Inc. acquired a new position in BBB Foods in the 2nd quarter valued at $25,000. Toth Financial Advisory Corp acquired a new position in BBB Foods during the 3rd quarter worth $33,000. Elevation Point Wealth Partners LLC bought a new stake in BBB Foods during the second quarter valued at about $72,000. Jones Financial Companies Lllp grew its position in shares of BBB Foods by 26.1% in 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, AdvisorNet Financial Inc grew its position in shares of BBB Foods by 330.4% in the third quarter. AdvisorNet Financial Inc now owns 5,810 shares of the company’s stock valued at $157,000 after purchasing an additional 4,460 shares during the last quarter. 8.42% of the stock is owned by institutional investors.

BBB Foods Stock Performance

TBBB opened at $36.37 on Monday. The stock’s 50 day simple moving average is $35.33 and its 200-day simple moving average is $30.70. The company has a current ratio of 0.65, a quick ratio of 0.39 and a debt-to-equity ratio of 2.21. The stock has a market cap of $4.15 billion, a PE ratio of -43.30 and a beta of -0.16. BBB Foods Inc. has a 1 year low of $23.00 and a 1 year high of $40.09.

Wall Street Analysts Forecast Growth

TBBB has been the subject of several research analyst reports. The Goldman Sachs Group boosted their price objective on BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, December 18th. Itau BBA Securities lowered BBB Foods from an “outperform” rating to a “market perform” rating and set a $42.00 price target for the company. in a report on Thursday, February 12th. Morgan Stanley raised BBB Foods to an “overweight” rating in a research report on Wednesday, January 28th. Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a research note on Monday, December 29th. Finally, Wall Street Zen cut shares of BBB Foods from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $39.00.

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.