DnB Asset Management AS Trims Stake in BBB Foods Inc. (NYSE:TBBB)

DnB Asset Management AS reduced its stake in BBB Foods Inc. (NYSE:TBBB) by 44.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 204,223 shares of the company’s stock after selling 160,241 shares during the quarter. DnB Asset Management AS owned 0.18% of BBB Foods worth $5,777,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. FMR LLC boosted its position in BBB Foods by 23.0% in the 3rd quarter. FMR LLC now owns 2,616,770 shares of the company’s stock valued at $78,503,000 after buying an additional 490,100 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of BBB Foods by 8.8% in the 4th 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 during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of BBB Foods by 0.6% in the third quarter. JPMorgan Chase & Co. now owns 1,274,625 shares of the company’s stock valued at $38,239,000 after acquiring an additional 7,014 shares during the period. Public Employees Retirement System of Ohio acquired a new position in BBB Foods in the third quarter valued at $24,694,000. Finally, Zweig DiMenna Associates LLC increased its position in BBB Foods by 4.9% in the 4th quarter. Zweig DiMenna Associates LLC now owns 396,641 shares of the company’s stock valued at $11,217,000 after acquiring an additional 18,541 shares during the period. 8.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Itau BBA Securities began 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 objective for the company. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $32.00.

BBB Foods Price Performance

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

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.