Thornburg Investment Management Inc. Has $10.68 Million Stock Holdings in BBB Foods Inc. $TBBB

Thornburg Investment Management Inc. trimmed its holdings in shares of BBB Foods Inc. (NYSE:TBBB) by 5.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 395,945 shares of the company’s stock after selling 21,518 shares during the period. Thornburg Investment Management Inc. owned approximately 0.35% of BBB Foods worth $10,675,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of TBBB. Citigroup Inc. increased its holdings in shares of BBB Foods by 108.9% in the 3rd quarter. Citigroup Inc. now owns 281,023 shares of the company’s stock valued at $7,576,000 after purchasing an additional 146,488 shares during the period. Barings LLC purchased a new position in BBB Foods during the third quarter valued at approximately $1,959,000. Savant Capital LLC acquired a new position in BBB Foods in the 3rd quarter valued at approximately $317,000. Jones Financial Companies Lllp lifted its position in BBB Foods by 26.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,869 shares of the company’s stock worth $75,000 after buying an additional 593 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its stake in shares of BBB Foods by 123.4% during the 3rd quarter. Baillie Gifford & Co. now owns 194,851 shares of the company’s stock valued at $5,253,000 after buying an additional 107,622 shares during the period. 8.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TBBB shares. The Goldman Sachs Group upped their price target on shares of BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, December 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BBB Foods in a research report on Monday, December 29th. Wall Street Zen downgraded BBB Foods from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Morgan Stanley raised BBB Foods to an “overweight” rating in a research note on Wednesday, January 28th. Finally, Zacks Research upgraded BBB Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.00.

BBB Foods Stock Performance

TBBB opened at $37.01 on Thursday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.39 and a current ratio of 0.65. The company has a market cap of $4.23 billion, a PE ratio of -44.06 and a beta of -0.14. The stock has a 50-day moving average of $35.20 and a 200-day moving average of $30.54. BBB Foods Inc. has a 52-week low of $23.00 and a 52-week high of $40.09.

About BBB Foods

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.