264,481 Shares in BBB Foods Inc. $TBBB Purchased by Thames Capital Management LLC

Thames Capital Management LLC acquired a new position in shares of BBB Foods Inc. (NYSE:TBBB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 264,481 shares of the company’s stock, valued at approximately $7,342,000. BBB Foods comprises about 1.7% of Thames Capital Management LLC’s portfolio, making the stock its 27th biggest position. Thames Capital Management LLC owned approximately 0.23% of BBB Foods as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TBBB. Verdence Capital Advisors LLC lifted its position in shares of BBB Foods by 15.3% during the first quarter. Verdence Capital Advisors LLC now owns 8,566 shares of the company’s stock worth $229,000 after purchasing an additional 1,136 shares in the last quarter. Tempus Wealth Planning LLC raised its position in BBB Foods by 4.7% in the 1st quarter. Tempus Wealth Planning LLC now owns 12,703 shares of the company’s stock worth $339,000 after purchasing an additional 571 shares during the last quarter. Picton Mahoney Asset Management lifted its holdings in BBB Foods by 35.7% during the 1st quarter. Picton Mahoney Asset Management now owns 39,900 shares of the company’s stock worth $1,065,000 after buying an additional 10,500 shares in the last quarter. XTX Topco Ltd bought a new position in BBB Foods in the 1st quarter valued at $838,000. Finally, Bank of Nova Scotia acquired a new stake in shares of BBB Foods in the 1st quarter valued at $213,000. 8.42% of the stock is owned by institutional investors.

BBB Foods Price Performance

BBB Foods stock opened at $27.62 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.44 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $3.15 billion, a P/E ratio of -345.30 and a beta of -0.03. The business has a 50-day moving average of $26.81 and a 200-day moving average of $27.01. BBB Foods Inc. has a 1 year low of $23.00 and a 1 year high of $34.75.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TBBB. Zacks Research lowered BBB Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. JPMorgan Chase & Co. boosted their price objective 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 lowered shares of BBB Foods from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of BBB Foods in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $34.80.

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.