Employees Retirement System of Texas Has $651,000 Holdings in BBB Foods Inc. (NYSE:TBBB)

Employees Retirement System of Texas trimmed its stake in BBB Foods Inc. (NYSE:TBBB - Free Report) by 87.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,010 shares of the company's stock after selling 162,112 shares during the quarter. Employees Retirement System of Texas' holdings in BBB Foods were worth $651,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in shares of BBB Foods during the fourth quarter valued at approximately $375,000. Tempus Wealth Planning LLC purchased a new position in BBB Foods during the 4th quarter worth approximately $343,000. J.Safra Asset Management Corp raised its stake in BBB Foods by 204.7% during the 4th quarter. J.Safra Asset Management Corp now owns 10,264 shares of the company's stock valued at $293,000 after purchasing an additional 6,895 shares during the period. Barings LLC lifted its holdings in shares of BBB Foods by 375.0% in the fourth quarter. Barings LLC now owns 37,959 shares of the company's stock valued at $1,073,000 after purchasing an additional 29,968 shares in the last quarter. Finally, Picton Mahoney Asset Management lifted its holdings in shares of BBB Foods by 13.5% in the fourth quarter. Picton Mahoney Asset Management now owns 29,400 shares of the company's stock valued at $831,000 after purchasing an additional 3,500 shares in the last quarter. 8.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TBBB has been the topic of a number of research analyst reports. Scotiabank set a $37.00 price target on BBB Foods and gave the company 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 target price on the stock in a research note on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, BBB Foods has an average rating of "Moderate Buy" and a consensus target price of $34.20.

BBB Foods Stock Down 1.6%

NYSE TBBB traded down $0.47 on Friday, reaching $28.83. The stock had a trading volume of 749,735 shares, compared to its average volume of 782,091. 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 Inc. has a 1 year low of $21.39 and a 1 year high of $35.22. The business has a 50 day moving average price of $28.37 and a 200 day moving average price of $28.63. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 131.05 and a beta of 0.49.

BBB Foods (NYSE:TBBB - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.10). The company had revenue of $838.41 million during the quarter, compared to analyst estimates of $836.80 million. On average, analysts forecast 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.