Gabelli Funds LLC Invests $975,000 in BBB Foods Inc. (NYSE:TBBB)

Gabelli Funds LLC bought a new position in shares of BBB Foods Inc. (NYSE:TBBB) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 41,000 shares of the company’s stock, valued at approximately $975,000.

A number of other institutional investors also recently modified their holdings of TBBB. J.Safra Asset Management Corp acquired a new position in shares of BBB Foods during the first quarter worth approximately $32,000. Sei Investments Co. acquired a new position in shares of BBB Foods during the first quarter worth approximately $711,000. Picton Mahoney Asset Management acquired a new position in shares of BBB Foods during the first quarter worth approximately $1,134,000. Barings LLC acquired a new position in shares of BBB Foods during the first quarter worth approximately $1,481,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of BBB Foods during the first quarter worth approximately $1,512,000. 8.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

BBB Foods Trading Up 2.9 %

NYSE TBBB traded up $0.75 on Friday, reaching $26.90. The company had a trading volume of 781,371 shares, compared to its average volume of 642,318. The business has a fifty day moving average price of $24.58. BBB Foods Inc. has a 52-week low of $18.71 and a 52-week high of $28.84.

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.