Teacher Retirement System of Texas Grows Position in BBB Foods Inc. $TBBB

Teacher Retirement System of Texas grew its stake in shares of BBB Foods Inc. (NYSE:TBBB) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,165,895 shares of the company’s stock after purchasing an additional 3,200 shares during the quarter. Teacher Retirement System of Texas’ holdings in BBB Foods were worth $32,365,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TBBB. Verdence Capital Advisors LLC lifted its stake in BBB Foods by 6.2% in the second quarter. Verdence Capital Advisors LLC now owns 9,095 shares of the company’s stock worth $252,000 after acquiring an additional 529 shares during the period. Tempus Wealth Planning LLC lifted its stake in BBB Foods by 4.7% in the first quarter. Tempus Wealth Planning LLC now owns 12,703 shares of the company’s stock worth $339,000 after acquiring an additional 571 shares during the period. J.Safra Asset Management Corp lifted its stake in BBB Foods by 6.4% in the first quarter. J.Safra Asset Management Corp now owns 10,925 shares of the company’s stock worth $291,000 after acquiring an additional 661 shares during the period. Banque Transatlantique SA purchased a new stake in BBB Foods in the first quarter worth $25,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in BBB Foods by 124.6% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,140 shares of the company’s stock worth $57,000 after acquiring an additional 1,187 shares during the period. Hedge funds and other institutional investors own 8.42% of the company’s stock.

BBB Foods Price Performance

TBBB opened at $29.13 on Tuesday. The stock has a fifty day simple moving average of $26.28 and a two-hundred day simple moving average of $27.03. The company has a current ratio of 0.69, a quick ratio of 0.44 and a debt-to-equity ratio of 2.08. The company has a market cap of $3.33 billion, a price-to-earnings ratio of -364.13 and a beta of -0.03. BBB Foods Inc. has a 12-month low of $23.00 and a 12-month high of $35.22.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TBBB. Weiss Ratings reaffirmed a “sell (d)” rating on shares of BBB Foods in a research note on Wednesday, October 8th. Zacks Research raised BBB Foods from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. The Goldman Sachs Group raised BBB Foods to a “hold” rating in a research note on Wednesday, July 9th. Wall Street Zen lowered BBB Foods from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Finally, JPMorgan Chase & Co. increased their price objective on BBB Foods from $35.50 to $39.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, BBB Foods has an average rating of “Hold” and an average target price of $34.80.

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.