William Blair Investment Management LLC Increases Stock Position in BBB Foods Inc. (NYSE:TBBB)

William Blair Investment Management LLC boosted its stake in BBB Foods Inc. (NYSE:TBBB) by 8.8% during the fourth quarter, HoldingsChannel reports. The firm owned 2,118,138 shares of the company’s stock after buying an additional 170,811 shares during the period. William Blair Investment Management LLC’s holdings in BBB Foods were worth $59,901,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in BBB Foods in the fourth quarter valued at approximately $375,000. BNP Paribas Financial Markets raised its stake in shares of 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 acquiring an additional 145,056 shares in the last quarter. Tempus Wealth Planning LLC purchased a new position in shares of BBB Foods during the fourth quarter worth approximately $343,000. Barings LLC raised its stake in shares of 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 acquiring an additional 29,968 shares in the last quarter. Finally, Zweig DiMenna Associates LLC raised its stake in shares of BBB Foods by 4.9% during the fourth quarter. Zweig DiMenna Associates LLC now owns 396,641 shares of the company’s stock worth $11,217,000 after acquiring an additional 18,541 shares in the last quarter. 8.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Itau BBA Securities assumed coverage on shares of BBB Foods in a research note on Wednesday, January 22nd. They set a “market perform” rating and a $32.00 price target on the stock. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on 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

Shares of BBB Foods stock opened at $25.07 on Tuesday. 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. The company’s 50 day moving average price is $28.21 and its 200-day moving average price is $29.92.

BBB Foods Company 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.