JPMorgan Chase & Co. Has $38.24 Million Stock Holdings in BBB Foods Inc. (NYSE:TBBB)

JPMorgan Chase & Co. increased its stake in BBB Foods Inc. (NYSE:TBBB) by 0.6% during the third quarter, Holdings Channel.com reports. The fund owned 1,274,625 shares of the company’s stock after buying an additional 7,014 shares during the period. JPMorgan Chase & Co.’s holdings in BBB Foods were worth $38,239,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TBBB. FMR LLC increased its position in shares of BBB Foods by 23.0% during the third quarter. FMR LLC now owns 2,616,770 shares of the company’s stock worth $78,503,000 after buying an additional 490,100 shares during the period. Driehaus Capital Management LLC bought a new stake in BBB Foods in the second quarter worth approximately $26,562,000. Public Employees Retirement System of Ohio bought a new stake in BBB Foods in the third quarter worth approximately $24,694,000. Engle Capital Management L.P. lifted its stake in BBB Foods by 0.7% in the second quarter. Engle Capital Management L.P. now owns 720,000 shares of the company’s stock valued at $17,179,000 after buying an additional 5,000 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of BBB Foods by 23.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 686,606 shares of the company’s stock worth $16,382,000 after buying an additional 129,773 shares in the last quarter. 8.42% of the stock is currently owned by institutional investors.

BBB Foods Stock Performance

Shares of TBBB stock opened at $29.44 on Monday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79. The firm has a fifty day simple moving average of $30.61 and a two-hundred day simple moving average of $29.18. BBB Foods Inc. has a 12 month low of $18.71 and a 12 month high of $35.22.

Analysts Set New Price Targets

Separately, Jefferies Financial Group assumed coverage on shares of BBB Foods in a report on Monday, September 9th. They set a “hold” rating and a $33.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $30.57.

BBB Foods 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.