BBB Foods Inc. $TBBB Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in BBB Foods Inc. (NYSE:TBBB) by 57.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 340,729 shares of the company’s stock after selling 462,174 shares during the period. JPMorgan Chase & Co.’s holdings in BBB Foods were worth $9,186,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TBBB. Weiss Ratings restated a “sell (d+)” rating on shares of BBB Foods in a research report on Monday, December 29th. Zacks Research raised shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. The Goldman Sachs Group raised their price target on shares of BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, December 18th. UBS Group increased their price objective on BBB Foods from $31.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Finally, Wall Street Zen cut BBB Foods from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, BBB Foods currently has a consensus rating of “Hold” and an average target price of $39.00.

BBB Foods Price Performance

Shares of TBBB opened at $33.13 on Friday. The firm has a 50-day simple moving average of $35.30 and a two-hundred day simple moving average of $30.92. The stock has a market cap of $3.78 billion, a PE ratio of -39.44 and a beta of -0.16. BBB Foods Inc. has a 1-year low of $23.00 and a 1-year high of $40.09. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.65 and a quick ratio of 0.39.

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