BBB Foods Inc. (NYSE:TBBB) Shares Sold by DnB Asset Management AS

DnB Asset Management AS decreased its position in shares of BBB Foods Inc. (NYSE:TBBB) by 44.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 204,223 shares of the company’s stock after selling 160,241 shares during the period. DnB Asset Management AS’s holdings in BBB Foods were worth $5,777,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TBBB. Public Employees Retirement System of Ohio purchased a new position in shares of BBB Foods during the 3rd quarter worth about $24,694,000. FMR LLC lifted its stake in shares of BBB Foods by 23.0% during the third quarter. FMR LLC now owns 2,616,770 shares of the company’s stock worth $78,503,000 after purchasing an additional 490,100 shares in the last quarter. William Blair Investment Management LLC lifted its position in BBB Foods by 8.8% during the 4th quarter. William Blair Investment Management LLC now owns 2,118,138 shares of the company’s stock worth $59,901,000 after acquiring an additional 170,811 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of BBB Foods by 196.1% in the third quarter. BNP Paribas Financial Markets now owns 219,045 shares of the company’s stock valued at $6,571,000 after purchasing an additional 145,056 shares during the period. Finally, Barings LLC boosted its position in BBB Foods by 375.0% in the 4th quarter. Barings LLC now owns 37,959 shares of the company’s stock valued at $1,073,000 after buying an additional 29,968 shares during the last quarter. Hedge funds and other institutional investors own 8.42% of the company’s stock.

BBB Foods Stock Down 0.8 %

TBBB stock opened at $26.77 on Monday. BBB Foods Inc. has a 12-month low of $19.31 and a 12-month high of $35.22. The stock’s 50 day simple moving average is $27.45 and its 200 day simple moving average is $29.68. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.79 and a quick ratio of 0.54.

Analysts Set New Price Targets

Separately, Itau BBA Securities initiated 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 for the company. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently 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.