Virtu Financial LLC Invests $230,000 in BBB Foods Inc. (NYSE:TBBB)

Virtu Financial LLC purchased a new stake in shares of BBB Foods Inc. (NYSE:TBBB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,681 shares of the company’s stock, valued at approximately $230,000.

Several other institutional investors have also added to or reduced their stakes in TBBB. FMR LLC raised its stake in shares of BBB Foods by 23.0% during the third quarter. FMR LLC now owns 2,616,770 shares of the company’s stock valued at $78,503,000 after acquiring an additional 490,100 shares during the last quarter. Driehaus Capital Management LLC bought a new position in BBB Foods during the 2nd quarter valued at approximately $26,562,000. Public Employees Retirement System of Ohio bought a new position in BBB Foods during the 3rd quarter valued at approximately $24,694,000. Engle Capital Management L.P. lifted its holdings in BBB Foods by 0.7% in the 2nd quarter. Engle Capital Management L.P. now owns 720,000 shares of the company’s stock worth $17,179,000 after buying an additional 5,000 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of BBB Foods by 23.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 686,606 shares of the company’s stock worth $16,382,000 after buying an additional 129,773 shares during the last quarter. Hedge funds and other institutional investors own 8.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TBBB shares. Jefferies Financial Group initiated coverage on BBB Foods in a research note on Monday, September 9th. They issued a “hold” rating and a $33.00 price target for the company. Hsbc Global Res raised shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Friday, August 23rd. Finally, HSBC upgraded shares of BBB Foods from a “reduce” rating to a “hold” rating and set a $31.00 price target on the stock in a research report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $30.57.

BBB Foods Price Performance

Shares of BBB Foods stock opened at $28.88 on Wednesday. BBB Foods Inc. has a 1 year low of $18.71 and a 1 year high of $35.22. The company has a 50-day moving average of $31.54 and a 200 day moving average of $28.66. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72.

BBB Foods Company 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.