Janus Henderson Group PLC Cuts Holdings in BBB Foods Inc. (NYSE:TBBB)

Janus Henderson Group PLC reduced its position in shares of BBB Foods Inc. (NYSE:TBBB) by 54.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,008 shares of the company’s stock after selling 179,607 shares during the quarter. Janus Henderson Group PLC owned 0.13% of BBB Foods worth $4,529,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Driehaus Capital Management LLC acquired a new position in BBB Foods during the second quarter worth $26,562,000. Quest Partners LLC purchased a new stake in shares of BBB Foods during the third quarter worth about $16,899,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of BBB Foods during the 2nd quarter worth about $12,334,000. FMR LLC lifted its stake in BBB Foods by 23.0% in the 3rd quarter. FMR LLC now owns 2,616,770 shares of the company’s stock valued at $78,503,000 after buying an additional 490,100 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in BBB Foods by 891.3% in the 2nd quarter. Sei Investments Co. now owns 296,390 shares of the company’s stock worth $7,072,000 after buying an additional 266,490 shares during the last quarter. 8.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TBBB has been the topic of several research reports. Jefferies Financial Group began coverage on BBB Foods in a research report on Monday, September 9th. They issued a “hold” rating and a $33.00 target price on the stock. HSBC upgraded BBB Foods from a “reduce” rating to a “hold” rating and set a $31.00 price objective on the stock in a report on Friday, August 23rd. Finally, Hsbc Global Res upgraded shares of BBB Foods from a “strong sell” rating to a “hold” rating in a research report on Friday, August 23rd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, BBB Foods presently has an average rating of “Hold” and a consensus price target of $30.57.

BBB Foods Stock Performance

NYSE TBBB opened at $29.09 on Wednesday. BBB Foods Inc. has a fifty-two week low of $18.71 and a fifty-two week high of $35.22. The stock’s fifty day moving average is $31.65 and its two-hundred day moving average is $28.59. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.79 and a quick ratio of 0.54.

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.