Grandeur Peak Global Advisors LLC Increases Stake in BBB Foods Inc. (NYSE:TBBB)

Grandeur Peak Global Advisors LLC lifted its position in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,412,891 shares of the company's stock after buying an additional 130,373 shares during the quarter. BBB Foods comprises about 3.5% of Grandeur Peak Global Advisors LLC's holdings, making the stock its 5th largest position. Grandeur Peak Global Advisors LLC owned 1.26% of BBB Foods worth $39,957,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. FMR LLC lifted its position in shares of BBB Foods by 33.6% during the 4th quarter. FMR LLC now owns 3,494,773 shares of the company's stock valued at $98,832,000 after acquiring an additional 878,003 shares during the period. William Blair Investment Management LLC increased its position in shares of BBB Foods by 8.8% during 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 in the last quarter. Atika Capital Management LLC increased its holdings in BBB Foods by 21.3% during the 4th quarter. Atika Capital Management LLC now owns 220,700 shares of the company's stock worth $6,241,000 after purchasing an additional 38,700 shares in the last quarter. Barings LLC boosted its position in shares of BBB Foods by 375.0% during 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 during the last quarter. Finally, Zweig DiMenna Associates LLC raised its position in BBB Foods by 4.9% in the 4th quarter. Zweig DiMenna Associates LLC now owns 396,641 shares of the company's stock valued at $11,217,000 after buying an additional 18,541 shares during the last quarter. Institutional investors own 8.42% of the company's stock.

BBB Foods Price Performance

Shares of NYSE:TBBB traded up $0.40 during mid-day trading on Thursday, reaching $26.16. The company had a trading volume of 409,821 shares, compared to its average volume of 836,302. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72. The company's 50-day moving average price is $26.40 and its 200-day moving average price is $29.24. BBB Foods Inc. has a one year low of $19.46 and a one year high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last issued its earnings results on Wednesday, April 9th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $1.02 by ($1.03). The business had revenue of $784.03 million for the quarter, compared to analysts' expectations of $16.87 billion. As a group, sell-side analysts expect that BBB Foods Inc. will post 0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TBBB. Itau BBA Securities initiated coverage on shares of BBB Foods in a report on Wednesday, January 22nd. They set a "market perform" rating and a $32.00 price target on the stock. Scotiabank set a $37.00 target price on BBB Foods and gave the company an "outperform" rating in a report on Friday, April 11th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, BBB Foods presently has an average rating of "Hold" and an average target price of $33.00.

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.