Sei Investments Co. cut its position in BBB Foods Inc. (NYSE:TBBB - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,040 shares of the company's stock after selling 24,460 shares during the period. Sei Investments Co. owned 0.23% of BBB Foods worth $7,184,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TBBB. SG Americas Securities LLC acquired a new stake in BBB Foods in the fourth quarter valued at approximately $375,000. BNP Paribas Financial Markets lifted its holdings in shares of BBB Foods by 196.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 219,045 shares of the company's stock worth $6,571,000 after purchasing an additional 145,056 shares in the last quarter. Tempus Wealth Planning LLC acquired a new stake in BBB Foods in the 4th quarter valued at $343,000. Barings LLC increased its stake in BBB Foods by 375.0% during the 4th quarter. Barings LLC now owns 37,959 shares of the company's stock valued at $1,073,000 after purchasing an additional 29,968 shares in the last quarter. Finally, William Blair Investment Management LLC raised its holdings 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 worth $59,901,000 after buying an additional 170,811 shares during the last quarter. 8.42% of the stock is owned by institutional investors.
BBB Foods Stock Performance
TBBB traded down $2.84 during mid-day trading on Friday, reaching $25.24. 1,192,048 shares of the stock were exchanged, compared to its average volume of 842,951. The company has a 50 day moving average price of $27.12 and a two-hundred day moving average price of $29.56. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.79 and a quick ratio of 0.54. BBB Foods Inc. has a 1 year low of $19.31 and a 1 year high of $35.22.
Analyst Upgrades and Downgrades
Separately, Itau BBA Securities assumed coverage on shares of BBB Foods in a report on Wednesday, January 22nd. They set a "market perform" rating and a $32.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $32.00.
Check Out Our Latest Stock Analysis on BBB Foods
BBB Foods Company Profile
(
Free Report)
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.
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