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

Teacher Retirement System of Texas decreased its holdings in shares of BBB Foods Inc. (NYSE:TBBB) by 5.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,100,495 shares of the company’s stock after selling 65,400 shares during the period. Teacher Retirement System of Texas’ holdings in BBB Foods were worth $29,669,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Osaic Holdings Inc. purchased a new stake in shares of BBB Foods in the 2nd quarter worth approximately $25,000. Toth Financial Advisory Corp bought a new stake in BBB Foods in the third quarter worth $33,000. AdvisorNet Financial Inc purchased a new stake in shares of BBB Foods in the second quarter worth $37,000. Elevation Point Wealth Partners LLC bought a new position in shares of BBB Foods during the second quarter valued at $72,000. Finally, State of Wyoming purchased a new position in shares of BBB Foods in the 2nd quarter worth about $158,000. 8.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TBBB has been the topic of several recent analyst reports. Zacks Research downgraded shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. upped their target price on shares of BBB Foods from $35.50 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BBB Foods in a report on Monday, December 29th. The Goldman Sachs Group boosted their price objective on shares of BBB Foods from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, December 18th. Finally, Wall Street Zen cut BBB Foods from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $35.80.

BBB Foods Stock Performance

Shares of TBBB stock opened at $34.21 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.65 and a debt-to-equity ratio of 2.21. The company has a 50 day moving average price of $33.01 and a 200-day moving average price of $28.66. BBB Foods Inc. has a 52 week low of $23.00 and a 52 week high of $35.38. The firm has a market capitalization of $3.91 billion, a PE ratio of -40.73 and a beta of -0.14.

BBB Foods (NYSE:TBBB) last issued its quarterly earnings data on Wednesday, November 19th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.23). BBB Foods had a negative net margin of 2.61% and a negative return on equity of 44.56%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. As a group, equities research analysts expect that BBB Foods Inc. will post 0.15 earnings per share for the current year.

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