Barings LLC Has $1.07 Million Holdings in BBB Foods Inc. (NYSE:TBBB)

Barings LLC boosted its position in BBB Foods Inc. (NYSE:TBBB) by 375.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,959 shares of the company’s stock after buying an additional 29,968 shares during the quarter. Barings LLC’s holdings in BBB Foods were worth $1,073,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TBBB. Verdence Capital Advisors LLC bought a new stake in BBB Foods in the 3rd quarter valued at $224,000. State of New Jersey Common Pension Fund D boosted its holdings in BBB Foods by 29.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 51,664 shares of the company’s stock valued at $1,550,000 after purchasing an additional 11,663 shares during the period. Quest Partners LLC bought a new stake in BBB Foods in the 3rd quarter valued at $16,899,000. FMR LLC boosted its holdings in BBB Foods by 23.0% in the 3rd quarter. FMR LLC now owns 2,616,770 shares of the company’s stock valued at $78,503,000 after purchasing an additional 490,100 shares during the period. Finally, Quantbot Technologies LP bought a new stake in BBB Foods in the 3rd quarter valued at $827,000. 8.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Itau BBA Securities assumed coverage on shares of BBB Foods in a report on Wednesday, January 22nd. They issued a “market perform” rating and a $32.00 price target for the company. Five investment 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, BBB Foods currently has a consensus rating of “Hold” and a consensus price target of $32.00.

BBB Foods Price Performance

NYSE:TBBB opened at $25.05 on Friday. The company has a 50-day moving average of $28.73 and a 200-day moving average of $30.21. BBB Foods Inc. has a 52 week low of $19.31 and a 52 week high of $35.22. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72.

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.