BBB Foods Inc.’s (NYSE:TBBB) Lock-Up Period Will Expire on August 7th

BBB Foods’ (NYSE:TBBB) lock-up period is set to end on Wednesday, August 7th. BBB Foods had issued 33,660,589 shares in its IPO on February 9th. The total size of the offering was $589,060,308 based on an initial share price of $17.50. After the end of BBB Foods’ lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analysts Set New Price Targets

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

BBB Foods Price Performance

TBBB stock opened at $24.95 on Wednesday. BBB Foods has a 1 year low of $18.71 and a 1 year high of $28.84. The firm has a fifty day simple moving average of $24.57.

Institutional Trading of BBB Foods

Several large investors have recently added to or reduced their stakes in the company. J.Safra Asset Management Corp acquired a new position in BBB Foods in the first quarter valued at approximately $32,000. Hood River Capital Management LLC bought a new position in shares of BBB Foods in the 1st quarter valued at about $54,000. National Bank of Canada FI acquired a new stake in shares of BBB Foods during the 2nd quarter worth about $103,000. Quent Capital LLC acquired a new stake in shares of BBB Foods during the 2nd quarter worth about $167,000. Finally, VELA Investment Management LLC acquired a new stake in shares of BBB Foods during the 2nd quarter worth about $358,000. 8.42% of the stock is owned by institutional investors.

About BBB Foods

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.