Teachers Retirement System of The State of Kentucky Buys 94,900 Shares of BBB Foods Inc. $TBBB

Teachers Retirement System of The State of Kentucky raised its stake in BBB Foods Inc. (NYSE:TBBBFree Report) by 217.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 138,530 shares of the company’s stock after buying an additional 94,900 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in BBB Foods were worth $4,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Osaic Holdings Inc. acquired a new stake in shares of BBB Foods during the 2nd quarter worth about $25,000. Farther Finance Advisors LLC boosted its holdings in shares of BBB Foods by 92.5% during the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock worth $28,000 after buying an additional 396 shares during the period. Larson Financial Group LLC boosted its holdings in shares of BBB Foods by 547.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock worth $28,000 after buying an additional 893 shares during the period. Smartleaf Asset Management LLC acquired a new position in BBB Foods in the 4th quarter valued at about $39,000. Finally, Toth Financial Advisory Corp grew its stake in BBB Foods by 29.0% in the 4th quarter. Toth Financial Advisory Corp now owns 1,600 shares of the company’s stock valued at $53,000 after buying an additional 360 shares during the last quarter. 8.42% of the stock is owned by institutional investors.

BBB Foods Stock Performance

TBBB opened at $40.51 on Wednesday. The firm has a market cap of $4.80 billion, a P/E ratio of -26.13 and a beta of -0.02. BBB Foods Inc. has a 52-week low of $23.81 and a 52-week high of $43.81. The company has a debt-to-equity ratio of 2.76, a quick ratio of 0.35 and a current ratio of 0.60. The business’s fifty day moving average is $39.47 and its 200-day moving average is $36.83.

BBB Foods (NYSE:TBBBGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. BBB Foods had a negative return on equity of 79.86% and a negative net margin of 3.95%. Sell-side analysts expect that BBB Foods Inc. will post -0.61 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Zacks Research cut shares of BBB Foods from a “hold” rating to a “strong sell” rating in a report on Monday, March 23rd. HSBC upgraded BBB Foods from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $38.00 to $47.00 in a report on Wednesday, May 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BBB Foods in a research report on Wednesday, June 24th. Wall Street Zen upgraded BBB Foods from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, JPMorgan Chase & Co. lifted their price target on BBB Foods from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Monday, April 20th. Five research 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, BBB Foods currently has a consensus rating of “Hold” and a consensus price target of $43.14.

Read Our Latest Analysis on TBBB

BBB Foods Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BBB Foods (NYSE:TBBB)

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