BBB Foods Inc. (NYSE:TBBB) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its position in BBB Foods Inc. (NYSE:TBBB - Free Report) by 146.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 943,857 shares of the company's stock after acquiring an additional 560,280 shares during the period. Ameriprise Financial Inc. owned 0.84% of BBB Foods worth $26,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TBBB. White Oak Capital Partners Pte. Ltd. acquired a new stake in BBB Foods during the 4th quarter worth about $226,000. J.Safra Asset Management Corp grew its position in BBB Foods by 204.7% during 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. Tempus Wealth Planning LLC acquired a new stake in BBB Foods during the 4th quarter worth about $343,000. Hood River Capital Management LLC grew its position in BBB Foods by 144.6% during the 4th quarter. Hood River Capital Management LLC now owns 13,176 shares of the company's stock worth $373,000 after purchasing an additional 7,789 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in BBB Foods during the 4th quarter worth about $375,000. 8.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TBBB. Itau BBA Securities raised BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price target on the stock in a research report on Monday, April 21st. Scotiabank set a $37.00 target price on BBB Foods and gave the company an "outperform" rating in a research report on Friday, April 11th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $33.67.

BBB Foods Price Performance

Shares of NYSE:TBBB traded up $0.68 during trading on Monday, reaching $30.93. 471,502 shares of the company's stock traded hands, compared to its average volume of 804,699. BBB Foods Inc. has a fifty-two week low of $21.39 and a fifty-two week high of $35.22. 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 firm has a market cap of $3.53 billion, a PE ratio of 140.59 and a beta of 0.49. The company has a 50-day simple moving average of $27.57 and a 200-day simple moving average of $28.75.

BBB Foods (NYSE:TBBB - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.10). The company had revenue of $838.41 million for the quarter, compared to analysts' expectations of $836.80 million. As a group, analysts predict that BBB Foods Inc. will post 0.15 earnings per share for the current year.

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.