William Blair Investment Management LLC increased its stake in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,118,138 shares of the company's stock after purchasing an additional 170,811 shares during the period. William Blair Investment Management LLC owned 1.89% of BBB Foods worth $59,901,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in BBB Foods during the 3rd quarter valued at about $24,694,000. Quest Partners LLC purchased a new stake in shares of BBB Foods in the third quarter valued at approximately $16,899,000. FMR LLC increased its holdings in shares of BBB Foods by 23.0% in the third quarter. FMR LLC now owns 2,616,770 shares of the company's stock valued at $78,503,000 after purchasing an additional 490,100 shares during the last quarter. BNP Paribas Financial Markets lifted its position in BBB Foods by 196.1% during the third quarter. BNP Paribas Financial Markets now owns 219,045 shares of the company's stock worth $6,571,000 after buying an additional 145,056 shares in the last quarter. Finally, Barings LLC boosted its stake in BBB Foods by 375.0% during the fourth quarter. Barings LLC now owns 37,959 shares of the company's stock worth $1,073,000 after buying an additional 29,968 shares during the last quarter. 8.42% of the stock is owned by hedge funds and other institutional investors.
BBB Foods Trading Up 0.6 %
Shares of NYSE TBBB traded up $0.15 during mid-day trading on Friday, reaching $25.80. 289,530 shares of the company's stock were exchanged, compared to its average volume of 1,053,639. The company's 50-day moving average is $27.88 and its 200-day moving average is $29.80. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79. BBB Foods Inc. has a 52-week low of $19.31 and a 52-week high of $35.22.
Analyst Ratings Changes
Separately, Itau BBA Securities started coverage on shares of BBB Foods in a research report on Wednesday, January 22nd. They set a "market perform" rating and a $32.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $32.00.
Check Out Our Latest Stock Analysis on TBBB
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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