Driehaus Capital Management LLC purchased a new stake in BBB Foods Inc. (NYSE:TBBB – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 1,113,250 shares of the company’s stock, valued at approximately $26,562,000.
A number of other institutional investors and hedge funds have also made changes to their positions in TBBB. J.Safra Asset Management Corp purchased a new position in shares of BBB Foods in the 1st quarter valued at $32,000. Hood River Capital Management LLC purchased a new position in shares of BBB Foods in the 1st quarter valued at $54,000. National Bank of Canada FI purchased a new position in shares of BBB Foods in the 2nd quarter valued at $103,000. Federated Hermes Inc. purchased a new position in shares of BBB Foods in the 2nd quarter valued at $143,000. Finally, Quent Capital LLC purchased a new position in BBB Foods during the 2nd quarter worth $167,000. 8.42% of the stock is currently owned by hedge funds and other institutional investors.
BBB Foods Stock Performance
Shares of TBBB opened at $30.00 on Friday. The stock has a 50-day moving average of $28.99 and a two-hundred day moving average of $25.43. BBB Foods Inc. has a one year low of $18.71 and a one year high of $33.16. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.85.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the company. Jefferies Financial Group assumed coverage on BBB Foods in a research note on Monday, September 9th. They set a “hold” rating and a $33.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on BBB Foods from $30.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Hsbc Global Res upgraded BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Friday, August 23rd. Finally, HSBC upgraded 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. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.57.
Read Our Latest Report on BBB Foods
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.
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