BBB Foods Inc. (NYSE:TBBB – Get Free Report)’s stock price traded down 2.4% on Wednesday . The company traded as low as $29.92 and last traded at $29.93. 23,464 shares changed hands during trading, a decline of 96% from the average session volume of 605,305 shares. The stock had previously closed at $30.68.
BBB Foods Stock Performance
The stock’s 50-day moving average price is $30.32 and its 200-day moving average price is $29.58. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.79 and a quick ratio of 0.54.
Institutional Investors Weigh In On BBB Foods
Institutional investors and hedge funds have recently bought and sold shares of the business. Hood River Capital Management LLC grew its holdings in shares of BBB Foods by 118.5% during the second quarter. Hood River Capital Management LLC now owns 4,958 shares of the company’s stock valued at $119,000 after purchasing an additional 2,689 shares during the last quarter. Engle Capital Management L.P. grew its stake in BBB Foods by 0.7% during 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 last quarter. Federated Hermes Inc. bought a new position in BBB Foods during the 2nd quarter worth $143,000. JPMorgan Chase & Co. increased its position in BBB Foods by 0.6% in the third quarter. JPMorgan Chase & Co. now owns 1,274,625 shares of the company’s stock worth $38,239,000 after buying an additional 7,014 shares during the period. Finally, Verdence Capital Advisors LLC bought a new stake in BBB Foods in the third quarter valued at $224,000. Institutional investors and hedge funds own 8.42% of the company’s stock.
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.
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