Capital Research Global Investors Boosts Position in BBB Foods Inc. (NYSE:TBBB)

Capital Research Global Investors increased its holdings in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 37.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,330,214 shares of the company's stock after buying an additional 1,448,093 shares during the quarter. Capital Research Global Investors owned 4.75% of BBB Foods worth $150,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in shares of BBB Foods in the third quarter worth $230,000. 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 purchased a new position in shares of BBB Foods during the 4th quarter valued at about $343,000. SG Americas Securities LLC acquired a new position in shares of BBB Foods in the 4th quarter valued at about $375,000. Finally, Mariner LLC purchased a new stake in shares of BBB Foods in the fourth quarter worth about $611,000. 8.42% of the stock is owned by institutional investors and hedge funds.

BBB Foods Stock Performance

Shares of NYSE:TBBB traded up $0.12 during midday trading on Friday, reaching $30.17. 564,279 shares of the company's stock traded hands, compared to its average volume of 830,753. The company has a fifty day simple moving average of $26.37 and a two-hundred day simple moving average of $29.13. BBB Foods Inc. has a 1 year low of $19.99 and a 1 year 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.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($1.03). The business had revenue of $784.03 million for the quarter, compared to analyst estimates of $16.87 billion. As a group, research analysts forecast that BBB Foods Inc. will post 0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

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

BBB Foods 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.