Teacher Retirement System of Texas Grows Stock Holdings in BBB Foods Inc. (NYSE:TBBB)

Teacher Retirement System of Texas boosted its holdings in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 24.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,162,695 shares of the company's stock after acquiring an additional 231,589 shares during the period. Teacher Retirement System of Texas owned 1.02% of BBB Foods worth $31,021,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. TT International Asset Management LTD purchased a new stake in BBB Foods during the 1st quarter valued at about $15,261,000. Deutsche Bank AG purchased a new stake in shares of BBB Foods during the fourth quarter valued at approximately $311,000. Barings LLC increased its position in shares of BBB Foods by 375.0% during the fourth quarter. Barings LLC now owns 37,959 shares of the company's stock valued at $1,073,000 after acquiring an additional 29,968 shares in the last quarter. William Blair Investment Management LLC raised its holdings in BBB Foods by 8.8% in the 4th 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 last quarter. Finally, Seven Grand Managers LLC bought a new position in BBB Foods in the 4th quarter valued at approximately $3,535,000. Institutional investors own 8.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Scotiabank set a $37.00 target price on BBB Foods and gave the stock an "outperform" rating in a report on Friday, April 11th. Itau BBA Securities raised BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price objective on the stock in a research report on Monday, April 21st. Finally, UBS Group boosted their target price on BBB Foods from $32.00 to $33.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $34.00.

BBB Foods Price Performance

Shares of BBB Foods stock traded down $0.06 during trading hours on Friday, hitting $27.73. The company's stock had a trading volume of 274,240 shares, compared to its average volume of 739,221. The company has a market cap of $3.17 billion, a PE ratio of 126.05 and a beta of 0.02. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.49 and a current ratio of 0.74. The business has a 50 day moving average price of $28.47 and a two-hundred day moving average price of $28.07. BBB Foods Inc. has a 12-month low of $23.00 and a 12-month high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.10). BBB Foods had a return on equity of 13.08% and a net margin of 0.85%. The business had revenue of $838.41 million during the quarter, compared to the consensus estimate of $836.80 million. Analysts expect that BBB Foods Inc. will post 0.15 earnings per share for the current fiscal year.

BBB Foods 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.