JPMorgan Chase & Co. Purchases 7,014 Shares of BBB Foods Inc. (NYSE:TBBB)

JPMorgan Chase & Co. lifted its holdings in BBB Foods Inc. (NYSE:TBBB) by 0.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,274,625 shares of the company’s stock after acquiring an additional 7,014 shares during the period. JPMorgan Chase & Co. owned approximately 1.14% of BBB Foods worth $38,239,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. National Bank of Canada FI acquired a new position in BBB Foods in the 2nd quarter valued at $103,000. State of New Jersey Common Pension Fund D grew its stake in BBB Foods by 50.6% during the second quarter. State of New Jersey Common Pension Fund D now owns 40,001 shares of the company’s stock worth $954,000 after buying an additional 13,447 shares in the last quarter. Barings LLC increased its holdings in BBB Foods by 34.5% in the 2nd quarter. Barings LLC now owns 83,798 shares of the company’s stock valued at $1,999,000 after buying an additional 21,502 shares during the period. Federated Hermes Inc. acquired a new position in shares of BBB Foods in the 2nd quarter valued at approximately $143,000. Finally, XTX Topco Ltd bought a new stake in shares of BBB Foods during the 2nd quarter worth approximately $289,000. 8.42% of the stock is currently owned by institutional investors and hedge funds.

BBB Foods Trading Down 0.7 %

Shares of NYSE:TBBB opened at $29.44 on Monday. BBB Foods Inc. has a one year low of $18.71 and a one 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 firm has a 50 day simple moving average of $30.61 and a 200 day simple moving average of $29.18.

Analyst Ratings Changes

Separately, Jefferies Financial Group started coverage on shares of BBB Foods in a research report on Monday, September 9th. They set a “hold” rating and a $33.00 price objective for the company. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $30.57.

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.