Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Stock Holdings in BBB Foods Inc. $TBBB

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of BBB Foods Inc. (NYSE:TBBB) by 64.3% during the 1st quarter, Holdings Channel.com reports. The fund owned 371,642 shares of the company’s stock after buying an additional 145,412 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in BBB Foods were worth $13,145,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TBBB. Farther Finance Advisors LLC grew its holdings in BBB Foods by 92.5% in the fourth quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock valued at $28,000 after purchasing an additional 396 shares during the last quarter. Osaic Holdings Inc. acquired a new position in shares of BBB Foods during the 2nd quarter worth $25,000. Larson Financial Group LLC raised its stake in shares of BBB Foods by 547.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock worth $28,000 after buying an additional 893 shares during the last quarter. Smartleaf Asset Management LLC purchased a new stake in shares of BBB Foods in the 4th quarter worth about $39,000. Finally, Toth Financial Advisory Corp boosted its position in shares of BBB Foods by 29.0% in the 4th quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock worth $53,000 after buying an additional 360 shares in the last quarter. Institutional investors and hedge funds own 8.42% of the company’s stock.

BBB Foods Stock Performance

Shares of TBBB stock opened at $41.72 on Tuesday. BBB Foods Inc. has a one year low of $23.81 and a one year high of $43.81. The company has a debt-to-equity ratio of 2.76, a quick ratio of 0.35 and a current ratio of 0.60. The company has a 50 day moving average price of $39.42 and a 200 day moving average price of $36.79. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of -26.92 and a beta of -0.02.

BBB Foods (NYSE:TBBB) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.03). BBB Foods had a negative return on equity of 79.86% and a negative net margin of 3.95%.The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. Sell-side analysts anticipate that BBB Foods Inc. will post -0.61 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TBBB shares. Zacks Research lowered shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, March 23rd. Scotiabank lifted their price objective on BBB Foods from $37.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BBB Foods in a research note on Wednesday, June 24th. JPMorgan Chase & Co. increased their target price on BBB Foods from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Monday, April 20th. Finally, Wall Street Zen raised BBB Foods from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, BBB Foods currently has an average rating of “Hold” and an average target price of $43.14.

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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.