Picton Mahoney Asset Management Has $831,000 Stock Position in BBB Foods Inc. (NYSE:TBBB)

Picton Mahoney Asset Management raised its holdings in shares of BBB Foods Inc. (NYSE:TBBB) by 13.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,400 shares of the company’s stock after purchasing an additional 3,500 shares during the period. Picton Mahoney Asset Management’s holdings in BBB Foods were worth $831,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in TBBB. State of New Jersey Common Pension Fund D lifted its position in BBB Foods by 29.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 51,664 shares of the company’s stock valued at $1,550,000 after purchasing an additional 11,663 shares during the period. Quest Partners LLC acquired a new position in BBB Foods during the 3rd quarter valued at about $16,899,000. FMR LLC lifted its position in BBB Foods by 23.0% during the 3rd quarter. FMR LLC now owns 2,616,770 shares of the company’s stock valued at $78,503,000 after purchasing an additional 490,100 shares during the period. Quantbot Technologies LP acquired a new position in BBB Foods during the 3rd quarter valued at about $827,000. Finally, BNP Paribas Financial Markets lifted its position in BBB Foods by 196.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 219,045 shares of the company’s stock valued at $6,571,000 after purchasing an additional 145,056 shares during the period. 8.42% of the stock is currently owned by institutional investors and hedge funds.

BBB Foods Stock Up 2.0 %

Shares of TBBB stock opened at $25.00 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72. The stock has a 50-day moving average of $28.31 and a 200-day moving average of $29.98. BBB Foods Inc. has a one year low of $19.31 and a one year high of $35.22.

Wall Street Analysts Forecast Growth

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 target price on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BBB Foods has a consensus rating of “Hold” and an average target price of $32.00.

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.