Thornburg Investment Management Inc. Sells 21,518 Shares of BBB Foods Inc. $TBBB

Thornburg Investment Management Inc. decreased its holdings in shares of BBB Foods Inc. (NYSE:TBBB) by 5.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 395,945 shares of the company’s stock after selling 21,518 shares during the quarter. Thornburg Investment Management Inc.’s holdings in BBB Foods were worth $10,675,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Osaic Holdings Inc. acquired a new position in shares of BBB Foods during the second quarter worth approximately $25,000. Toth Financial Advisory Corp acquired a new stake in BBB Foods in the 3rd quarter worth $33,000. Elevation Point Wealth Partners LLC acquired a new stake in BBB Foods in the 2nd quarter worth $72,000. Jones Financial Companies Lllp increased its holdings in shares of BBB Foods by 26.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,869 shares of the company’s stock worth $75,000 after purchasing an additional 593 shares during the period. Finally, State of Wyoming acquired a new position in shares of BBB Foods during the second quarter valued at about $158,000. Institutional investors and hedge funds own 8.42% of the company’s stock.

BBB Foods Stock Performance

NYSE:TBBB opened at $37.01 on Thursday. The stock has a market capitalization of $4.23 billion, a P/E ratio of -44.06 and a beta of -0.14. The company has a current ratio of 0.65, a quick ratio of 0.39 and a debt-to-equity ratio of 2.21. BBB Foods Inc. has a 1 year low of $23.00 and a 1 year high of $40.09. The firm has a 50 day moving average of $35.20 and a 200-day moving average of $30.54.

Analyst Upgrades and Downgrades

Several research firms have commented on TBBB. UBS Group upped their price target on BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Zacks Research raised shares of BBB Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a research note on Monday, December 29th. Wall Street Zen lowered shares of BBB Foods from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. Finally, Itau BBA Securities downgraded BBB Foods from an “outperform” rating to a “market perform” rating and set a $42.00 price objective on the stock. in a report on Thursday, February 12th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $39.00.

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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.