White Oak Capital Partners Pte. Ltd. Acquires New Shares in BBB Foods Inc. (NYSE:TBBB)

White Oak Capital Partners Pte. Ltd. bought a new stake in shares of BBB Foods Inc. (NYSE:TBBB) during the 4th quarter, HoldingsChannel reports. The firm bought 7,900 shares of the company’s stock, valued at approximately $226,000. BBB Foods accounts for about 0.1% of White Oak Capital Partners Pte. Ltd.’s portfolio, making the stock its 13th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Research Global Investors boosted its holdings in BBB Foods by 37.3% in the fourth quarter. Capital Research Global Investors now owns 5,330,214 shares of the company’s stock worth $150,738,000 after purchasing an additional 1,448,093 shares during the last quarter. FMR LLC boosted its stake in shares of BBB Foods by 33.6% in the 4th quarter. FMR LLC now owns 3,494,773 shares of the company’s stock worth $98,832,000 after buying an additional 878,003 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of BBB Foods by 8.8% in 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 during the period. 12 West Capital Management LP purchased a new stake in BBB Foods during the fourth quarter valued at $48,544,000. Finally, Grandeur Peak Global Advisors LLC lifted its holdings in BBB Foods by 10.2% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 1,412,891 shares of the company’s stock valued at $39,957,000 after acquiring an additional 130,373 shares during the period. Institutional investors own 8.42% of the company’s stock.

BBB Foods Stock Up 4.2 %

Shares of NYSE:TBBB opened at $28.07 on Wednesday. The stock has a 50 day moving average of $26.31 and a 200 day moving average of $29.14. BBB Foods Inc. has a 12-month low of $19.88 and a 12-month 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) last announced its quarterly earnings data on Wednesday, April 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($1.03). The firm had revenue of $784.03 million for the quarter, compared to analysts’ expectations of $16.87 billion. Sell-side analysts expect that BBB Foods Inc. will post 0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TBBB has been the subject of a number of recent research reports. Scotiabank set a $37.00 price target on BBB Foods and gave the company an “outperform” rating in a research note 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.67.

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.