BBB Foods Inc. (NYSE:TBBB) Shares Sold by Axiom Investors LLC DE

Axiom Investors LLC DE cut its holdings in shares of BBB Foods Inc. (NYSE:TBBB) by 25.5% in the 4th quarter, Holdings Channel reports. The firm owned 924,568 shares of the company’s stock after selling 317,291 shares during the period. Axiom Investors LLC DE’s holdings in BBB Foods were worth $26,147,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management lifted its position in shares of BBB Foods by 13.5% during the 4th quarter. Picton Mahoney Asset Management now owns 29,400 shares of the company’s stock valued at $831,000 after acquiring an additional 3,500 shares during the last quarter. J.Safra Asset Management Corp raised its position in shares of BBB Foods by 204.7% during the fourth quarter. J.Safra Asset Management Corp now owns 10,264 shares of the company’s stock worth $293,000 after purchasing an additional 6,895 shares during the period. JPMorgan Chase & Co. boosted its position in shares of BBB Foods by 0.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,274,625 shares of the company’s stock valued at $38,239,000 after purchasing an additional 7,014 shares during the period. Virtu Financial LLC purchased a new position in BBB Foods in the 3rd quarter worth about $230,000. Finally, Northwest & Ethical Investments L.P. raised its holdings in BBB Foods by 33.7% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 32,574 shares of the company’s stock worth $921,000 after buying an additional 8,207 shares during the period. 8.42% of the stock is currently owned by institutional investors.

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 issued a “market perform” rating and a $32.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $32.00.

BBB Foods Stock Performance

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

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.