Public Employees Retirement System of Ohio Makes New Investment in BBB Foods Inc. $TBBB

Public Employees Retirement System of Ohio acquired a new stake in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 29,496 shares of the company's stock, valued at approximately $819,000.

Other institutional investors have also recently made changes to their positions in the company. AdvisorNet Financial Inc purchased a new position in shares of BBB Foods during the 2nd quarter worth about $37,000. TT International Asset Management LTD boosted its position in shares of BBB Foods by 19.6% during the second quarter. TT International Asset Management LTD now owns 683,977 shares of the company's stock valued at $18,987,000 after buying an additional 111,978 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of BBB Foods by 276.8% during the first quarter. Goldman Sachs Group Inc. now owns 156,526 shares of the company's stock valued at $4,176,000 after buying an additional 114,990 shares during the period. USS Investment Management Ltd raised its holdings in shares of BBB Foods by 13.4% in the first quarter. USS Investment Management Ltd now owns 685,950 shares of the company's stock worth $18,291,000 after buying an additional 81,215 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of BBB Foods by 942.8% in the first quarter. Millennium Management LLC now owns 1,240,966 shares of the company's stock worth $33,109,000 after buying an additional 1,121,959 shares during the period. Institutional investors own 8.42% of the company's stock.

BBB Foods Stock Up 2.5%

Shares of BBB Foods stock opened at $25.75 on Monday. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.69 and a quick ratio of 0.44. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of -321.90 and a beta of -0.03. The firm's 50-day moving average is $25.94 and its two-hundred day moving average is $26.98. BBB Foods Inc. has a 1 year low of $23.00 and a 1 year high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.09). BBB Foods had a negative net margin of 0.19% and a negative return on equity of 3.07%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $17.98 billion. As a group, research analysts expect that BBB Foods Inc. will post 0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wall Street Zen cut BBB Foods from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Weiss Ratings reissued a "sell (d)" rating on shares of BBB Foods in a research note on Saturday, September 27th. Finally, The Goldman Sachs Group upgraded shares of BBB Foods to a "hold" rating in a report on Wednesday, July 9th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $33.75.

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.

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