The Manufacturers Life Insurance Company Sells 140,924 Shares of BBB Foods Inc. (NYSE:TBBB)

The Manufacturers Life Insurance Company cut its holdings in BBB Foods Inc. (NYSE:TBBB) by 20.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 545,682 shares of the company’s stock after selling 140,924 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in BBB Foods were worth $16,370,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Driehaus Capital Management LLC purchased a new position in shares of BBB Foods in the 2nd quarter worth approximately $26,562,000. Quest Partners LLC purchased a new position in BBB Foods during the third quarter worth $16,899,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in BBB Foods during the second quarter valued at $12,334,000. Sei Investments Co. raised its stake in shares of BBB Foods by 891.3% in the second quarter. Sei Investments Co. now owns 296,390 shares of the company’s stock valued at $7,072,000 after acquiring an additional 266,490 shares during the period. Finally, Employees Retirement System of Texas lifted its holdings in shares of BBB Foods by 661.5% in the 2nd quarter. Employees Retirement System of Texas now owns 211,709 shares of the company’s stock worth $5,051,000 after acquiring an additional 183,909 shares during the last quarter. Institutional investors own 8.42% of the company’s stock.

BBB Foods Price Performance

Shares of NYSE TBBB opened at $28.22 on Monday. BBB Foods Inc. has a twelve month low of $18.71 and a twelve month high of $35.22. The business has a fifty day simple moving average of $31.91 and a two-hundred day simple moving average of $28.44. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TBBB. JPMorgan Chase & Co. increased their price objective on shares of BBB Foods from $30.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Hsbc Global Res upgraded BBB Foods from a “strong sell” rating to a “hold” rating in a report on Friday, August 23rd. HSBC upgraded BBB Foods from a “reduce” rating to a “hold” rating and set a $31.00 price objective for the company in a report on Friday, August 23rd. Finally, Jefferies Financial Group started coverage on BBB Foods in a research note on Monday, September 9th. They issued a “hold” rating and a $33.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $30.57.

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.