The Manufacturers Life Insurance Company Decreases Holdings in BBB Foods Inc. (NYSE:TBBB)

The Manufacturers Life Insurance Company trimmed its position in shares of BBB Foods Inc. (NYSE:TBBB) by 20.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 545,682 shares of the company’s stock after selling 140,924 shares during the quarter. The Manufacturers Life Insurance Company owned 0.49% of BBB Foods worth $16,370,000 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 modified their holdings of the company. J.Safra Asset Management Corp grew its position in BBB Foods by 153.3% during the second quarter. J.Safra Asset Management Corp now owns 3,369 shares of the company’s stock valued at $80,000 after buying an additional 2,039 shares during the period. National Bank of Canada FI bought a new stake in shares of BBB Foods during the 2nd quarter valued at $103,000. Hood River Capital Management LLC increased its stake in shares of BBB Foods by 118.5% in the 2nd quarter. Hood River Capital Management LLC now owns 4,958 shares of the company’s stock worth $119,000 after purchasing an additional 2,689 shares in the last quarter. Federated Hermes Inc. bought a new position in BBB Foods in the 2nd quarter worth $143,000. Finally, Quent Capital LLC purchased a new position in BBB Foods during the second quarter valued at $167,000. 8.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on TBBB shares. Jefferies Financial Group began coverage on BBB Foods in a research report on Monday, September 9th. They issued a “hold” rating and a $33.00 price target for the company. HSBC upgraded shares of BBB Foods from a “reduce” rating to a “hold” rating and set a $31.00 target price on the stock in a research note on Friday, August 23rd. JPMorgan Chase & Co. upped their price target on shares of BBB Foods from $30.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Finally, Hsbc Global Res upgraded shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Friday, August 23rd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $30.57.

BBB Foods Stock Performance

TBBB stock opened at $28.22 on Monday. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.79 and a quick ratio of 0.54. The company’s fifty day moving average price is $31.91 and its 200-day moving average price is $28.44. BBB Foods Inc. has a one year low of $18.71 and a one year high of $35.22.

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.