43,630 Shares in BBB Foods Inc. $TBBB Acquired by Teachers Retirement System of The State of Kentucky

Key Points

• Teachers Retirement System of the State of Kentucky bought a new position of 43,630 shares of BBB Foods (NYSE:TBBB) in Q4, valued at about $1.456 million, while institutional investors own roughly 8.42% of the stock.
• Analyst sentiment is mixed: several firms upgraded the stock (e.g., Morgan Stanley to "overweight," Itau to "outperform," JPMorgan raised its target to $46), but MarketBeat's consensus rating remains a "Hold" with a $41.40 price target (3 Buy / 2 Hold / 2 Sell).
• BBB Foods reported quarterly EPS of -$0.49, missing estimates by $0.22 and showing negative margins and ROE plus a high debt-to-equity ratio (2.61); shares trade near $36 with a 12‑month range of $23.81–$40.09.

Teachers Retirement System of The State of Kentucky purchased a new position in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 43,630 shares of the company's stock, valued at approximately $1,456,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Toth Financial Advisory Corp lifted its position in BBB Foods by 29.0% during the 4th quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company's stock worth $53,000 after acquiring an additional 360 shares in the last quarter. Farther Finance Advisors LLC lifted its position in BBB Foods by 92.5% during the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company's stock worth $28,000 after acquiring an additional 396 shares in the last quarter. J.Safra Asset Management Corp lifted its position in BBB Foods by 3.5% during the 3rd quarter. J.Safra Asset Management Corp now owns 12,441 shares of the company's stock worth $335,000 after acquiring an additional 423 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in BBB Foods by 5.3% during the 3rd quarter. Verdence Capital Advisors LLC now owns 9,579 shares of the company's stock worth $279,000 after acquiring an additional 484 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in BBB Foods by 26.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,869 shares of the company's stock worth $75,000 after acquiring an additional 593 shares in the last quarter. 8.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on TBBB. Wells Fargo & Company set a $42.00 price target on BBB Foods in a research report on Friday, March 13th. Itau BBA Securities raised BBB Foods from a "market perform" rating to an "outperform" rating and set a $42.00 price target on the stock in a research report on Friday, March 13th. Morgan Stanley raised BBB Foods to an "overweight" rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. upped their target price on BBB Foods from $44.00 to $46.00 and gave the company an "overweight" rating in a research report on Monday, April 20th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of BBB Foods in a research report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, BBB Foods has a consensus rating of "Hold" and a consensus price target of $41.40.

BBB Foods Price Performance

Shares of NYSE TBBB opened at $36.14 on Wednesday. BBB Foods Inc. has a twelve month low of $23.81 and a twelve month high of $40.09. The company has a current ratio of 0.62, a quick ratio of 0.35 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of -27.37 and a beta of 0.01. The business has a 50 day simple moving average of $35.63 and a 200-day simple moving average of $33.50.

BBB Foods (NYSE:TBBB - Get Free Report) last issued its quarterly earnings results on Wednesday, March 11th. The company reported ($0.49) earnings per share for the quarter, missing analysts' consensus estimates of ($0.27) by ($0.22). The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. BBB Foods had a negative net margin of 3.72% and a negative return on equity of 70.80%. As a group, equities research analysts expect that BBB Foods Inc. will post -0.57 earnings per share for the current year.

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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.

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