Teacher Retirement System of Texas Buys 231,589 Shares of BBB Foods Inc. (NYSE:TBBB)

Teacher Retirement System of Texas increased its holdings in BBB Foods Inc. (NYSE:TBBB - Free Report) by 24.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,162,695 shares of the company's stock after buying an additional 231,589 shares during the period. Teacher Retirement System of Texas owned 1.02% of BBB Foods worth $31,021,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Capital Research Global Investors raised its position in shares of 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 buying an additional 1,448,093 shares in the last quarter. FMR LLC raised its position in shares of BBB Foods by 33.6% in the fourth 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 in the last quarter. Gilder Gagnon Howe & Co. LLC raised its position in shares of BBB Foods by 3.1% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,853,906 shares of the company's stock worth $80,708,000 after buying an additional 84,482 shares in the last quarter. William Blair Investment Management LLC increased its stake in 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 valued at $59,901,000 after acquiring an additional 170,811 shares during the last quarter. Finally, 12 West Capital Management LP bought a new position in BBB Foods in the fourth quarter valued at $48,544,000. Hedge funds and other institutional investors own 8.42% of the company's stock.

Wall Street Analysts Forecast Growth

TBBB has been the topic of a number of research analyst reports. UBS Group increased their target price on BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Scotiabank set a $37.00 target price on BBB Foods and gave the company an "outperform" rating in a research note on Friday, April 11th. Finally, Itau BBA Securities raised BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 target price on the stock in a research note on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, BBB Foods has an average rating of "Hold" and an average price target of $34.00.

BBB Foods Trading Down 4.7%

Shares of NYSE:TBBB traded down $1.29 on Monday, reaching $26.44. 334,337 shares of the company traded hands, compared to its average volume of 738,664. The business's 50-day simple moving average is $28.47 and its 200 day simple moving average is $28.05. BBB Foods Inc. has a 52 week low of $23.00 and a 52 week high of $35.22. The stock has a market capitalization of $3.02 billion, a P/E ratio of 120.19 and a beta of 0.02. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.93.

BBB Foods (NYSE:TBBB - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.10). BBB Foods had a net margin of 0.85% and a return on equity of 13.08%. The company had revenue of $838.41 million for the quarter, compared to the consensus estimate of $836.80 million. As a group, equities analysts anticipate that BBB Foods Inc. will post 0.15 EPS for the current fiscal 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.