BBB Foods Inc. $TBBB Shares Sold by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. lowered its position in BBB Foods Inc. (NYSE:TBBB) by 14.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 610,934 shares of the company’s stock after selling 100,808 shares during the period. Itau Unibanco Holding S.A. owned approximately 0.53% of BBB Foods worth $16,960,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of TBBB. Banque Transatlantique SA purchased a new stake in shares of BBB Foods in the 1st quarter valued at $25,000. AdvisorNet Financial Inc purchased a new position in shares of BBB Foods during the second quarter worth $37,000. Caitong International Asset Management Co. Ltd lifted its position in BBB Foods by 124.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,140 shares of the company’s stock valued at $57,000 after purchasing an additional 1,187 shares during the period. Summit Securities Group LLC acquired a new position in BBB Foods during the first quarter valued at $96,000. Finally, Bank of Nova Scotia purchased a new stake in BBB Foods in the first quarter valued at $213,000. 8.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on TBBB. Weiss Ratings reiterated a “sell (d)” rating on shares of BBB Foods in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on BBB Foods from $35.50 to $39.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Wall Street Zen cut BBB Foods from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Finally, Zacks Research downgraded BBB Foods from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $34.80.

BBB Foods Stock Performance

NYSE TBBB opened at $27.62 on Friday. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of -345.30 and a beta of -0.03. The stock has a 50-day moving average of $26.81 and a 200 day moving average of $27.03. The company has a current ratio of 0.69, a quick ratio of 0.44 and a debt-to-equity ratio of 2.08. BBB Foods Inc. has a twelve month low of $23.00 and a twelve month high of $34.75.

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.