William Blair Investment Management LLC Buys 170,811 Shares of BBB Foods Inc. (NYSE:TBBB)

William Blair Investment Management LLC boosted its stake in shares of BBB Foods Inc. (NYSE:TBBB) by 8.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,118,138 shares of the company’s stock after buying an additional 170,811 shares during the quarter. William Blair Investment Management LLC owned approximately 1.89% of BBB Foods worth $59,901,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management grew its position in BBB Foods by 13.5% during the fourth quarter. Picton Mahoney Asset Management now owns 29,400 shares of the company’s stock valued at $831,000 after buying an additional 3,500 shares during the period. J.Safra Asset Management Corp grew its position in BBB Foods by 204.7% during the fourth quarter. J.Safra Asset Management Corp now owns 10,264 shares of the company’s stock valued at $293,000 after buying an additional 6,895 shares during the period. JPMorgan Chase & Co. grew its position in BBB Foods by 0.6% during the third 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 period. Virtu Financial LLC bought a new position in BBB Foods during the third quarter valued at about $230,000. Finally, XTX Topco Ltd grew its position in BBB Foods by 95.9% during the third quarter. XTX Topco Ltd now owns 23,756 shares of the company’s stock valued at $713,000 after buying an additional 11,632 shares during the period. Institutional investors own 8.42% of the company’s stock.

BBB Foods Stock Up 0.1 %

TBBB stock opened at $25.07 on Tuesday. The firm has a 50 day moving average of $28.21 and a 200-day moving average of $29.92. 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 12 month low of $19.31 and a 12 month high of $35.22.

Analyst Upgrades and Downgrades

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 target price for the company. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.