Driehaus Capital Management LLC Acquires 232,443 Shares of BBB Foods Inc. (NYSE:TBBB)

Driehaus Capital Management LLC grew its stake in BBB Foods Inc. (NYSE:TBBB - Free Report) by 17.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,567,285 shares of the company's stock after purchasing an additional 232,443 shares during the period. Driehaus Capital Management LLC owned about 1.40% of BBB Foods worth $44,323,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Alyeska Investment Group L.P. increased its position in BBB Foods by 1.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 107,739 shares of the company's stock valued at $3,047,000 after acquiring an additional 1,655 shares during the period. The Manufacturers Life Insurance Company increased its holdings in BBB Foods by 0.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 547,642 shares of the company's stock valued at $15,487,000 after purchasing an additional 1,960 shares during the period. Gabelli Funds LLC lifted its holdings in BBB Foods by 3.7% during the 4th quarter. Gabelli Funds LLC now owns 56,000 shares of the company's stock worth $1,584,000 after buying an additional 2,000 shares during the period. Picton Mahoney Asset Management grew its position in shares of BBB Foods by 13.5% in the 4th quarter. Picton Mahoney Asset Management now owns 29,400 shares of the company's stock valued at $831,000 after buying an additional 3,500 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its stake in shares of BBB Foods by 204.7% in the fourth quarter. J.Safra Asset Management Corp now owns 10,264 shares of the company's stock valued at $293,000 after buying an additional 6,895 shares during the period. 8.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on TBBB. Itau BBA Securities raised BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price objective on the stock in a research note on Monday, April 21st. Scotiabank set a $37.00 price objective on shares of BBB Foods and gave the stock an "outperform" rating in a research report on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, BBB Foods currently has an average rating of "Moderate Buy" and a consensus target price of $33.67.

BBB Foods Trading Down 1.8 %

Shares of NYSE:TBBB traded down $0.52 during mid-day trading on Friday, hitting $27.92. The company had a trading volume of 695,352 shares, compared to its average volume of 811,420. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.79 and a quick ratio of 0.54. BBB Foods Inc. has a one year low of $21.39 and a one year high of $35.22. The firm has a fifty day moving average price of $26.99 and a 200 day moving average price of $28.92. The company has a market capitalization of $3.19 billion, a PE ratio of 126.91 and a beta of 0.49.

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