J.Safra Asset Management Corp Has $293,000 Stock Holdings in BBB Foods Inc. (NYSE:TBBB)

J.Safra Asset Management Corp increased its holdings in BBB Foods Inc. (NYSE:TBBB) by 204.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,264 shares of the company’s stock after purchasing an additional 6,895 shares during the period. J.Safra Asset Management Corp’s holdings in BBB Foods were worth $293,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. FMR LLC raised its holdings in shares of BBB Foods by 23.0% in the 3rd quarter. FMR LLC now owns 2,616,770 shares of the company’s stock worth $78,503,000 after buying an additional 490,100 shares in the last quarter. JPMorgan Chase & Co. raised its stake in BBB Foods by 0.6% during the third quarter. JPMorgan Chase & Co. now owns 1,274,625 shares of the company’s stock worth $38,239,000 after acquiring an additional 7,014 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in BBB Foods during the third quarter worth $24,694,000. Quest Partners LLC acquired a new stake in shares of BBB Foods during the 3rd quarter worth about $16,899,000. Finally, Zweig DiMenna Associates LLC increased its position 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 purchasing an additional 18,541 shares in the last quarter. 8.42% of the stock is owned by institutional investors and hedge funds.

BBB Foods Stock Performance

TBBB opened at $25.10 on Wednesday. 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 1-year low of $19.31 and a 1-year high of $35.22. The firm has a 50-day moving average price of $29.01 and a two-hundred day moving average price of $30.30.

Analysts Set New Price Targets

Separately, Itau BBA Securities began coverage on shares of BBB Foods in a report on Wednesday, January 22nd. They set a “market perform” rating and a $32.00 price objective for the company. Six equities 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 stock presently has an average rating of “Hold” and a consensus target price of $30.75.

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.