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

Teacher Retirement System of Texas lowered its stake in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 34.2% during the 4th quarter, according to the company in its most recent 13F filing with the 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 owned 0.83% of BBB Foods worth $26,332,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in BBB Foods in the third quarter valued at approximately $24,694,000. FMR LLC boosted its position in BBB Foods by 23.0% during the 3rd quarter. FMR LLC now owns 2,616,770 shares of the company's stock valued at $78,503,000 after acquiring an additional 490,100 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of 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 valued at $59,901,000 after purchasing an additional 170,811 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of 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 buying an additional 145,056 shares during the period. Finally, Barings LLC grew its holdings in BBB Foods by 375.0% in the fourth quarter. Barings LLC now owns 37,959 shares of the company's stock worth $1,073,000 after purchasing an additional 29,968 shares during the period. Hedge funds and other institutional investors own 8.42% of the company's stock.

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BBB Foods Stock Up 2.8 %

Shares of NYSE:TBBB traded up $0.72 during trading on Monday, reaching $26.56. The company's stock had a trading volume of 89,250 shares, compared to its average volume of 1,035,838. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.72. The firm's 50 day simple moving average is $27.78 and its two-hundred day simple moving average is $29.76. BBB Foods Inc. has a 12 month low of $19.31 and a 12 month high of $35.22.

Analyst Ratings Changes

Separately, Itau BBA Securities initiated coverage on shares of BBB Foods in a research report on Wednesday, January 22nd. They set a "market perform" rating and a $32.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, BBB Foods presently has an average rating of "Hold" and a consensus 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.