Axiom Investors LLC DE Sells 317,291 Shares of BBB Foods Inc. (NYSE:TBBB)

Axiom Investors LLC DE lowered its stake in BBB Foods Inc. (NYSE:TBBB - Free Report) by 25.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 924,568 shares of the company's stock after selling 317,291 shares during the period. Axiom Investors LLC DE owned 0.82% of BBB Foods worth $26,147,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Northwest & Ethical Investments L.P. grew its holdings in shares of BBB Foods by 33.7% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 32,574 shares of the company's stock worth $921,000 after acquiring an additional 8,207 shares during the period. William Blair Investment Management LLC boosted its position in shares of BBB Foods by 8.8% during the fourth quarter. William Blair Investment Management LLC now owns 2,118,138 shares of the company's stock valued at $59,901,000 after purchasing an additional 170,811 shares in the last quarter. Picton Mahoney Asset Management grew its stake in BBB Foods by 13.5% in the fourth quarter. Picton Mahoney Asset Management now owns 29,400 shares of the company's stock worth $831,000 after purchasing an additional 3,500 shares during the period. Barings LLC raised its holdings in BBB Foods by 375.0% in the fourth quarter. Barings LLC now owns 37,959 shares of the company's stock worth $1,073,000 after purchasing an additional 29,968 shares in the last quarter. Finally, J.Safra Asset Management Corp lifted its position in BBB Foods by 204.7% during the fourth quarter. J.Safra Asset Management Corp now owns 10,264 shares of the company's stock valued at $293,000 after buying an additional 6,895 shares during the period. 8.42% of the stock is owned by hedge funds and other institutional investors.

BBB Foods Trading Down 10.1 %

Shares of NYSE:TBBB traded down $2.84 on Friday, hitting $25.24. 1,192,048 shares of the company traded hands, compared to its average volume of 841,235. The stock has a 50 day simple moving average of $27.12 and a 200-day simple moving average of $29.56. BBB Foods Inc. has a 52 week low of $19.31 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.

Analyst Ratings Changes

Separately, Itau BBA Securities began coverage on shares of BBB Foods in a research report on Wednesday, January 22nd. They issued a "market perform" rating and a $32.00 target price on the stock. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, BBB Foods currently has an average rating of "Hold" and an average price target of $32.00.

BBB Foods Profile

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.