BBB Foods Inc. (NYSE:TBBB) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its stake in shares of BBB Foods Inc. (NYSE:TBBB) by 34.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 931,106 shares of the company’s stock after selling 483,570 shares during the period. Teacher Retirement System of Texas owned approximately 0.83% of BBB Foods worth $26,332,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. William Blair Investment Management LLC boosted its stake in shares of BBB Foods by 8.8% during 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 in the last quarter. Picton Mahoney Asset Management boosted its stake in shares of BBB Foods by 13.5% during the 4th quarter. Picton Mahoney Asset Management now owns 29,400 shares of the company’s stock worth $831,000 after acquiring an additional 3,500 shares in the last quarter. Barings LLC boosted its stake in shares of BBB Foods by 375.0% during the 4th quarter. Barings LLC now owns 37,959 shares of the company’s stock worth $1,073,000 after acquiring an additional 29,968 shares in the last quarter. J.Safra Asset Management Corp boosted its stake in shares of BBB Foods by 204.7% during the 4th quarter. J.Safra Asset Management Corp now owns 10,264 shares of the company’s stock worth $293,000 after acquiring an additional 6,895 shares in the last quarter. Finally, Tempus Wealth Planning LLC purchased a new stake in shares of BBB Foods during the 4th quarter worth about $343,000. 8.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Itau BBA Securities began coverage on shares of BBB Foods in a research note on Wednesday, January 22nd. They set a “market perform” rating and a $32.00 target price on the stock. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, BBB Foods has an average rating of “Hold” and a consensus price target of $32.00.

BBB Foods Price Performance

Shares of BBB Foods stock opened at $25.80 on Friday. BBB Foods Inc. has a twelve month low of $19.31 and a twelve month high of $35.22. The firm’s 50-day moving average price is $27.78 and its 200 day moving average price is $29.76. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72.

BBB Foods Company 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.