Zimmer Partners LP Invests $1.19 Million in BBB Foods Inc. (NYSE:TBBB)

Zimmer Partners LP acquired a new stake in BBB Foods Inc. (NYSE:TBBB) during the first quarter, according to its most recent filing with the SEC. The firm acquired 50,000 shares of the company’s stock, valued at approximately $1,189,000.

Several other institutional investors also recently bought and sold shares of TBBB. Capital International Investors acquired a new stake in shares of BBB Foods in the 1st quarter worth $120,440,000. William Blair Investment Management LLC purchased a new position in shares of BBB Foods during the 1st quarter worth approximately $48,934,000. Capital International Inc. CA acquired a new stake in shares of BBB Foods in the 1st quarter valued at approximately $33,004,000. Thornburg Investment Management Inc. purchased a new stake in shares of BBB Foods in the first quarter valued at approximately $18,668,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of BBB Foods in the first quarter valued at approximately $8,355,000. 8.42% of the stock is owned by institutional investors and hedge funds.

BBB Foods Stock Performance

TBBB traded down $0.17 during trading on Thursday, reaching $26.98. 344,075 shares of the stock were exchanged, compared to its average volume of 875,022. BBB Foods Inc. has a 1 year low of $18.71 and a 1 year high of $28.84. The stock’s 50 day moving average price is $24.71.

Wall Street Analysts Forecast Growth

TBBB has been the subject of a number of recent analyst reports. Bank of America raised their target price on BBB Foods from $26.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Scotiabank raised their price objective on shares of BBB Foods from $33.00 to $36.00 and gave the company a “sector outperform” rating in a research note on Friday, May 31st. Finally, UBS Group lowered shares of BBB Foods from a “buy” rating to a “neutral” rating and upped their target price for the stock from $26.00 to $27.00 in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, BBB Foods has an average rating of “Moderate Buy” and a consensus price target of $29.20.

BBB Foods Profile

BBB Foods Inc, through its subsidiaries, operates grocery retail stores in Mexico. It offers food products, drinks, hygiene and beauty products, home clean products, coffee, tea and substitutes, jellies and desserts, and baby and pet products. The company also provides branded, private label, and spot products.