Alliancebernstein L.P. Lowers Stake in BBB Foods Inc. (NYSE:TBBB)

Alliancebernstein L.P. lessened its stake in BBB Foods Inc. (NYSE:TBBB) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 577,608 shares of the company’s stock after selling 17,835 shares during the period. Alliancebernstein L.P. owned 0.51% of BBB Foods worth $16,335,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TBBB. Picton Mahoney Asset Management lifted its stake in BBB Foods by 13.5% in the fourth quarter. Picton Mahoney Asset Management now owns 29,400 shares of the company’s stock worth $831,000 after acquiring an additional 3,500 shares during the period. J.Safra Asset Management Corp lifted its position in shares of BBB Foods by 204.7% in the 4th 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. increased its holdings 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 purchased a new position in BBB Foods during the third quarter valued at approximately $230,000. Finally, Northwest & Ethical Investments L.P. raised its stake in BBB Foods by 33.7% in the fourth 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 in the last quarter. Institutional investors own 8.42% of the company’s stock.

BBB Foods Trading Up 0.4 %

BBB Foods stock opened at $24.96 on Wednesday. BBB Foods Inc. has a 1-year low of $19.31 and a 1-year high of $35.22. The business has a fifty day moving average price of $26.76 and a 200-day moving average price of $29.42. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.79 and a quick ratio of 0.54.

Wall Street Analysts Forecast Growth

Separately, Itau BBA Securities assumed coverage on BBB Foods in a report on Wednesday, January 22nd. They issued 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $32.00.

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.