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

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

Several other large investors have also recently bought and sold shares of TBBB. FMR LLC grew its stake in BBB Foods by 23.0% during 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. William Blair Investment Management LLC grew its position in 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. JPMorgan Chase & Co. increased its stake in BBB Foods by 0.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,274,625 shares of the company's stock valued at $38,239,000 after buying an additional 7,014 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in BBB Foods in the 3rd quarter worth approximately $24,694,000. Finally, Zweig DiMenna Associates LLC boosted its stake in shares of BBB Foods by 4.9% during the 4th quarter. Zweig DiMenna Associates LLC now owns 396,641 shares of the company's stock valued at $11,217,000 after buying an additional 18,541 shares during the period. 8.42% of the stock is owned by institutional investors and hedge funds.

BBB Foods Price Performance

NYSE:TBBB traded up $0.81 during trading hours on Thursday, reaching $28.06. The company's stock had a trading volume of 720,745 shares, compared to its average volume of 999,800. BBB Foods Inc. has a one year low of $19.31 and a one year high of $35.22. The business's 50-day moving average is $27.27 and its 200-day moving average is $29.62. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72.

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Analyst Upgrades and Downgrades

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

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.