Employees Retirement System of Texas Cuts Holdings in BBB Foods Inc. (NYSE:TBBB)

Employees Retirement System of Texas cut its holdings in BBB Foods Inc. (NYSE:TBBB - Free Report) by 87.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,010 shares of the company's stock after selling 162,112 shares during the quarter. Employees Retirement System of Texas' holdings in BBB Foods were worth $6,507,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its position in BBB Foods by 33.6% during the 4th quarter. FMR LLC now owns 3,494,773 shares of the company's stock worth $98,832,000 after purchasing an additional 878,003 shares during the last quarter. Atika Capital Management LLC increased its position in shares of BBB Foods by 21.3% in the 4th quarter. Atika Capital Management LLC now owns 220,700 shares of the company's stock valued at $6,241,000 after acquiring an additional 38,700 shares during the period. Northwest & Ethical Investments L.P. raised its stake in BBB Foods by 33.7% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 32,574 shares of the company's stock worth $921,000 after acquiring an additional 8,207 shares during the last quarter. William Blair Investment Management LLC lifted its position in BBB Foods by 8.8% during the 4th quarter. William Blair Investment Management LLC now owns 2,118,138 shares of the company's stock worth $59,901,000 after acquiring an additional 170,811 shares during the period. Finally, Picton Mahoney Asset Management grew its stake in BBB Foods by 13.5% during the 4th quarter. Picton Mahoney Asset Management now owns 29,400 shares of the company's stock valued at $831,000 after purchasing an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 8.42% of the company's stock.

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BBB Foods Price Performance

TBBB stock traded up $0.60 during trading on Friday, reaching $27.25. 614,124 shares of the stock were exchanged, compared to its average volume of 841,607. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.79 and a quick ratio of 0.54. The business has a 50 day moving average price of $26.47 and a 200-day moving average price of $29.30. BBB Foods Inc. has a 1 year low of $19.31 and a 1 year high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 9th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $1.02 by ($1.03). The firm had revenue of $784.03 million during the quarter, compared to analyst estimates of $16.87 billion. On average, sell-side analysts expect that BBB Foods Inc. will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Itau BBA Securities started coverage on shares of BBB Foods in a research note on Wednesday, January 22nd. They set a "market perform" rating and a $32.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $32.83.

BBB Foods 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.