279,489 Shares in BBB Foods Inc. (NYSE:TBBB) Acquired by Capital International Sarl

Capital International Sarl acquired a new position in BBB Foods Inc. (NYSE:TBBB) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 279,489 shares of the company’s stock, valued at approximately $6,646,000.

Other hedge funds have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp bought a new stake in BBB Foods during the first quarter worth approximately $32,000. Sei Investments Co. bought a new stake in shares of BBB Foods in the first quarter valued at approximately $711,000. Picton Mahoney Asset Management bought a new stake in shares of BBB Foods in the first quarter valued at approximately $1,134,000. Barings LLC bought a new stake in shares of BBB Foods in the first quarter valued at approximately $1,481,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of BBB Foods in the first quarter valued at approximately $1,512,000. Institutional investors and hedge funds own 8.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TBBB shares. UBS Group cut BBB Foods from a “buy” rating to a “neutral” rating and increased their price objective for the company from $26.00 to $27.00 in a research report on Tuesday, April 9th. Bank of America upped their target price on BBB Foods from $26.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, Scotiabank lifted their price target on shares of BBB Foods from $33.00 to $36.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 31st. Two equities research 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.20.

BBB Foods Price Performance

TBBB traded up $0.75 during trading on Friday, reaching $26.90. 781,371 shares of the company’s stock were exchanged, compared to its average volume of 891,148. BBB Foods Inc. has a fifty-two week low of $18.71 and a fifty-two week high of $28.84. The firm has a 50 day moving average of $24.58.

BBB Foods Company Profile

BBB Foods Inc, through its subsidiaries, operates grocery retail stores in Mexico. It offers food products, drinks, hygiene and beauty products, home clean products, coffee, tea and substitutes, jellies and desserts, and baby and pet products. The company also provides branded, private label, and spot products.