Teacher Retirement System of Texas Sells 483,570 Shares of BBB Foods Inc. (NYSE:TBBB)

Teacher Retirement System of Texas decreased its stake in BBB Foods Inc. (NYSE:TBBB - Free Report) by 34.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 931,106 shares of the company's stock after selling 483,570 shares during the period. Teacher Retirement System of Texas owned 0.83% of BBB Foods worth $26,332,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TBBB. FMR LLC grew its holdings in BBB Foods by 23.0% during the third quarter. FMR LLC now owns 2,616,770 shares of the company's stock valued at $78,503,000 after purchasing an additional 490,100 shares during the period. William Blair Investment Management LLC boosted its position in BBB Foods by 8.8% during the fourth 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 during the period. JPMorgan Chase & Co. increased its stake in shares of BBB Foods by 0.6% in the third quarter. JPMorgan Chase & Co. now owns 1,274,625 shares of the company's stock worth $38,239,000 after purchasing an additional 7,014 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of BBB Foods in the third quarter valued at approximately $24,694,000. Finally, Zweig DiMenna Associates LLC boosted its holdings in BBB Foods by 4.9% in the 4th quarter. Zweig DiMenna Associates LLC now owns 396,641 shares of the company's stock worth $11,217,000 after buying an additional 18,541 shares during the period. 8.42% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

BBB Foods Stock Performance

Shares of TBBB traded down $0.20 during mid-day trading on Wednesday, reaching $26.64. 819,336 shares of the stock traded hands, compared to its average volume of 1,029,676. BBB Foods Inc. has a 1 year low of $19.31 and a 1 year high of $35.22. The firm has a fifty day moving average price of $27.64 and a 200 day moving average price of $29.73. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72.

Analysts Set New Price Targets

Separately, Itau BBA Securities initiated coverage on shares of BBB Foods in a report on Wednesday, January 22nd. They set 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, the stock presently has an average rating of "Hold" and an average target price of $32.00.

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.