Hood River Capital Management LLC Has $119,000 Stake in BBB Foods Inc. (NYSE:TBBB)

Hood River Capital Management LLC boosted its position in shares of BBB Foods Inc. (NYSE:TBBB) by 118.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,958 shares of the company’s stock after buying an additional 2,689 shares during the period. Hood River Capital Management LLC’s holdings in BBB Foods were worth $119,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Capital International Investors acquired a new stake in shares of BBB Foods in the 1st quarter valued at approximately $120,440,000. William Blair Investment Management LLC acquired a new stake in BBB Foods during the 1st quarter worth approximately $48,934,000. Capital International Inc. CA acquired a new stake in BBB Foods during the 1st quarter worth approximately $33,004,000. Thornburg Investment Management Inc. acquired a new stake in BBB Foods during the 1st quarter worth approximately $18,668,000. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new stake in BBB Foods during the 2nd quarter worth approximately $12,334,000. 8.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TBBB has been the topic of several recent research reports. Jefferies Financial Group started coverage on shares of BBB Foods in a research report on Monday, September 9th. They set a “hold” rating and a $33.00 target price on the stock. JPMorgan Chase & Co. raised their price target on shares of BBB Foods from $30.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Hsbc Global Res upgraded shares of BBB Foods from a “strong sell” rating to a “hold” rating in a report on Friday, August 23rd. HSBC upgraded shares of BBB Foods from a “reduce” rating to a “hold” rating and set a $31.00 price objective for the company in a research note on Friday, August 23rd. Finally, Scotiabank lifted their price objective on shares of BBB Foods from $33.00 to $36.00 and gave the company a “sector outperform” rating in a research note on Friday, May 31st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, BBB Foods presently has a consensus rating of “Hold” and an average target price of $30.57.

BBB Foods Stock Performance

Shares of TBBB stock opened at $31.64 on Tuesday. The firm has a fifty day simple moving average of $28.61 and a two-hundred day simple moving average of $25.22. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.54 and a current ratio of 0.79. BBB Foods Inc. has a 12 month low of $18.71 and a 12 month high of $33.16.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.15. The business had revenue of $788.28 million for the quarter, compared to the consensus estimate of $708.69 million. Analysts expect that BBB Foods Inc. will post 0.14 earnings per share for the current fiscal 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.