Teacher Retirement System of Texas Decreases Stock Holdings in BBB Foods Inc. (NYSE:TBBB)

Teacher Retirement System of Texas trimmed its holdings in BBB Foods Inc. (NYSE:TBBB) by 34.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 931,106 shares of the company’s stock after selling 483,570 shares during the quarter. Teacher Retirement System of Texas’ holdings in BBB Foods were worth $26,332,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of TBBB. Public Employees Retirement System of Ohio purchased a new position in BBB Foods in the 3rd quarter worth approximately $24,694,000. FMR LLC lifted its stake in BBB Foods by 23.0% in the 3rd quarter. FMR LLC now owns 2,616,770 shares of the company’s stock worth $78,503,000 after purchasing an additional 490,100 shares in the last quarter. William Blair Investment Management LLC lifted its stake in BBB Foods by 8.8% in the 4th quarter. William Blair Investment Management LLC now owns 2,118,138 shares of the company’s stock worth $59,901,000 after purchasing an additional 170,811 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in BBB Foods by 196.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 219,045 shares of the company’s stock worth $6,571,000 after purchasing an additional 145,056 shares in the last quarter. Finally, Barings LLC lifted its stake in BBB Foods by 375.0% in the 4th quarter. Barings LLC now owns 37,959 shares of the company’s stock worth $1,073,000 after purchasing an additional 29,968 shares in the last quarter. 8.42% of the stock is owned by hedge funds and other institutional investors.

BBB Foods Stock Performance

Shares of NYSE TBBB opened at $25.80 on Friday. The company has a 50 day simple moving average of $27.78 and a 200-day simple moving average of $29.76. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79. BBB Foods Inc. has a 1 year low of $19.31 and a 1 year high of $35.22.

Analyst Ratings Changes

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

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.