Virtu Financial LLC Makes New Investment in BBB Foods Inc. (NYSE:TBBB)

Virtu Financial LLC purchased a new stake in shares of BBB Foods Inc. (NYSE:TBBB) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,681 shares of the company’s stock, valued at approximately $230,000.

Several other large investors have also recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new stake in BBB Foods during the 3rd quarter valued at about $24,694,000. XTX Topco Ltd grew its holdings in shares of BBB Foods by 95.9% during the third quarter. XTX Topco Ltd now owns 23,756 shares of the company’s stock valued at $713,000 after buying an additional 11,632 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of BBB Foods by 196.1% during the third quarter. BNP Paribas Financial Markets now owns 219,045 shares of the company’s stock valued at $6,571,000 after acquiring an additional 145,056 shares in the last quarter. Quantbot Technologies LP purchased a new position in BBB Foods in the 3rd quarter worth approximately $827,000. Finally, FMR LLC lifted its position 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 acquiring an additional 490,100 shares in the last quarter. Hedge funds and other institutional investors own 8.42% of the company’s stock.

BBB Foods Price Performance

Shares of NYSE:TBBB opened at $28.88 on Wednesday. The stock’s 50-day simple moving average is $31.54 and its two-hundred day simple moving average is $28.66. BBB Foods Inc. has a 52-week low of $18.71 and a 52-week high of $35.22. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.79 and a quick ratio of 0.54.

Wall Street Analysts Forecast Growth

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

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.