DnB Asset Management AS Sells 160,241 Shares of BBB Foods Inc. (NYSE:TBBB)

DnB Asset Management AS lowered its stake in BBB Foods Inc. (NYSE:TBBB - Free Report) by 44.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 204,223 shares of the company's stock after selling 160,241 shares during the quarter. DnB Asset Management AS owned about 0.18% of BBB Foods worth $5,777,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Picton Mahoney Asset Management lifted its position in BBB Foods by 13.5% in the 4th quarter. Picton Mahoney Asset Management now owns 29,400 shares of the company's stock valued at $831,000 after acquiring an additional 3,500 shares in the last quarter. J.Safra Asset Management Corp raised its stake in BBB Foods by 204.7% in the 4th quarter. J.Safra Asset Management Corp now owns 10,264 shares of the company's stock valued at $293,000 after acquiring an additional 6,895 shares during the period. JPMorgan Chase & Co. grew 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 last quarter. Virtu Financial LLC bought a new stake in BBB Foods in the 3rd quarter valued at $230,000. Finally, Northwest & Ethical Investments L.P. raised its position in shares of BBB Foods by 33.7% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 32,574 shares of the company's stock valued at $921,000 after buying an additional 8,207 shares in the last quarter. 8.42% of the stock is owned by institutional investors and hedge funds.

BBB Foods Stock Up 3.1 %

Shares of NYSE:TBBB traded up $0.85 during midday trading on Thursday, reaching $28.10. The company's stock had a trading volume of 461,659 shares, compared to its average volume of 838,625. The firm has a 50 day moving average price of $27.27 and a two-hundred day moving average price of $29.62. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72. BBB Foods Inc. has a fifty-two week low of $19.31 and a fifty-two week high of $35.22.

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Analyst Ratings Changes

Separately, Itau BBA Securities started 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 objective for the company. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, BBB Foods presently has a consensus rating of "Hold" and a consensus 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.