Atika Capital Management LLC Grows Stock Position in BBB Foods Inc. (NYSE:TBBB)

Atika Capital Management LLC lifted its stake in BBB Foods Inc. (NYSE:TBBB) by 21.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 220,700 shares of the company’s stock after buying an additional 38,700 shares during the quarter. Atika Capital Management LLC owned approximately 0.20% of BBB Foods worth $6,241,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TBBB. SG Americas Securities LLC purchased a new stake in BBB Foods in the 4th quarter worth approximately $375,000. Tempus Wealth Planning LLC acquired a new stake in BBB Foods during the fourth quarter valued at $343,000. Barings LLC increased its holdings in BBB Foods by 375.0% in the fourth quarter. Barings LLC now owns 37,959 shares of the company’s stock valued at $1,073,000 after buying an additional 29,968 shares in the last quarter. William Blair Investment Management LLC raised its position in shares of BBB Foods by 8.8% in the fourth quarter. William Blair Investment Management LLC now owns 2,118,138 shares of the company’s stock worth $59,901,000 after acquiring an additional 170,811 shares during the period. Finally, Zweig DiMenna Associates LLC boosted its stake in shares of BBB Foods by 4.9% during the 4th 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 institutional investors and hedge funds.

BBB Foods Price Performance

NYSE:TBBB opened at $25.24 on Friday. The stock has a 50 day moving average of $27.12 and a two-hundred day moving average of $29.56. BBB Foods Inc. has a 12 month low of $19.31 and a 12 month high of $35.22. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72.

Analysts Set New Price Targets

Separately, Itau BBA Securities began coverage on BBB Foods in a report on Wednesday, January 22nd. They issued a “market perform” rating and a $32.00 price target for the company. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, BBB Foods currently 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.