BUZZ-Mexico's BBB Foods falls third straight day after secondary offering priced
Shares of discount grocer BBB Foods TBBB.N down 1.8% at $28.06 and on track for third straight session of declines on Thurs after secondary offering priced
Mexico City-based firm late Weds announced 21 mln shares at $28.25 with JP Morgan and Morgan Stanley leading the offering
Deal size boosted from 17.5 mln shares, priced at 1.1% discount to stock's close on Weds
Per the SEC filing, the largest seller is PE firm Quilvest Capital Partners, which was looking to offload ~8 mln shares, while co founder and CEO Kamal Anthony Hatoum planned to sell ~1.8 mln shares
Co, which went public last Feb in IPO priced at $17.50, has 112.2 mln total shares outstanding (Class A, B and C)
Of 9 analysts covering the stock, 4 rate "strong buy" or "buy", rest recommend "hold"; median PT of $33 unchanged over the past three months, according to LSEG
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