BNP Paribas Financial Markets Has $6.57 Million Position in BBB Foods Inc. (NYSE:TBBB)

BNP Paribas Financial Markets lifted its stake in shares of BBB Foods Inc. (NYSE:TBBB) by 196.1% in the third quarter, Holdings Channel.com reports. The fund owned 219,045 shares of the company’s stock after acquiring an additional 145,056 shares during the quarter. BNP Paribas Financial Markets’ holdings in BBB Foods were worth $6,571,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Driehaus Capital Management LLC acquired a new position in BBB Foods in the second quarter valued at $26,562,000. Quest Partners LLC bought a new stake in shares of BBB Foods in the 3rd quarter valued at $16,899,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of BBB Foods during the second quarter valued at about $12,334,000. FMR LLC boosted its position in shares of BBB Foods by 23.0% during the 3rd quarter. FMR LLC now owns 2,616,770 shares of the company’s stock worth $78,503,000 after purchasing an additional 490,100 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of BBB Foods by 891.3% in the 2nd quarter. Sei Investments Co. now owns 296,390 shares of the company’s stock valued at $7,072,000 after buying an additional 266,490 shares during the period. 8.42% of the stock is owned by institutional investors and hedge funds.

BBB Foods Stock Performance

Shares of TBBB stock opened at $27.85 on Tuesday. BBB Foods Inc. has a 1 year low of $18.71 and a 1 year high of $35.22. 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 simple moving average is $31.83 and its two-hundred day simple moving average is $28.46.

Analyst Upgrades and Downgrades

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

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.