BBB Foods Inc. (NYSE:TBBB) Shares Purchased by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC boosted its stake in BBB Foods Inc. (NYSE:TBBB - Free Report) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,412,891 shares of the company's stock after buying an additional 130,373 shares during the quarter. BBB Foods makes up about 3.5% of Grandeur Peak Global Advisors LLC's holdings, making the stock its 5th biggest position. Grandeur Peak Global Advisors LLC owned approximately 1.26% of BBB Foods worth $39,957,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in BBB Foods during the third quarter worth about $230,000. J.Safra Asset Management Corp raised its position in BBB Foods by 204.7% in the 4th 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 last quarter. Tempus Wealth Planning LLC bought a new position in BBB Foods in the fourth quarter valued at approximately $343,000. SG Americas Securities LLC acquired a new stake in shares of BBB Foods in the fourth quarter valued at approximately $375,000. Finally, Picton Mahoney Asset Management boosted its holdings in shares of BBB Foods by 13.5% during the fourth quarter. Picton Mahoney Asset Management now owns 29,400 shares of the company's stock worth $831,000 after acquiring an additional 3,500 shares during the period. Institutional investors own 8.42% of the company's stock.

BBB Foods Price Performance

NYSE:TBBB traded down $0.35 during midday trading on Tuesday, hitting $26.87. 394,837 shares of the company traded hands, compared to its average volume of 838,325. BBB Foods Inc. has a 12-month low of $19.31 and a 12-month high of $35.22. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79. The firm's fifty day moving average is $26.44 and its 200-day moving average is $29.28.

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BBB Foods (NYSE:TBBB - Get Free Report) last announced its earnings results on Wednesday, April 9th. The company reported ($0.01) earnings per share 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 the consensus estimate of $16.87 billion. On average, analysts expect that BBB Foods Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.