Teacher Retirement System of Texas Buys 3,200 Shares of BBB Foods Inc. $TBBB

Teacher Retirement System of Texas grew its stake in shares of BBB Foods Inc. (NYSE:TBBB) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,165,895 shares of the company’s stock after buying an additional 3,200 shares during the period. Teacher Retirement System of Texas owned 1.02% of BBB Foods worth $32,365,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Banque Transatlantique SA bought a new position in shares of BBB Foods in the first quarter worth approximately $25,000. AdvisorNet Financial Inc bought a new position in shares of BBB Foods in the second quarter worth approximately $37,000. Caitong International Asset Management Co. Ltd increased its position in shares of 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 purchasing an additional 1,187 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of BBB Foods in the first quarter worth approximately $96,000. Finally, Bank of Nova Scotia bought a new position in shares of BBB Foods in the first quarter worth approximately $213,000. 8.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

BBB Foods Stock Up 1.0%

Shares of TBBB opened at $29.13 on Tuesday. The firm has a market cap of $3.33 billion, a P/E ratio of -364.13 and a beta of -0.03. The stock has a 50 day simple moving average of $26.28 and a two-hundred day simple moving average of $27.03. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.69 and a quick ratio of 0.44. BBB Foods Inc. has a 1 year low of $23.00 and a 1 year high of $35.22.

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

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.