BBB Foods Inc. $TBBB Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in BBB Foods Inc. (NYSE:TBBB) by 104.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 226,230 shares of the company’s stock after purchasing an additional 115,602 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in BBB Foods were worth $7,554,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of TBBB. Goldman Sachs Group Inc. boosted its stake in BBB Foods by 276.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 156,526 shares of the company’s stock worth $4,176,000 after purchasing an additional 114,990 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake in BBB Foods by 48.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 285,206 shares of the company’s stock valued at $7,917,000 after acquiring an additional 92,989 shares during the period. Sei Investments Co. lifted its stake in BBB Foods by 57.7% during the 2nd quarter. Sei Investments Co. now owns 417,794 shares of the company’s stock valued at $11,598,000 after acquiring an additional 152,883 shares during the period. The Manufacturers Life Insurance Company lifted its stake in BBB Foods by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 705,005 shares of the company’s stock valued at $19,571,000 after acquiring an additional 2,434 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in BBB Foods by 32.3% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,979 shares of the company’s stock valued at $4,774,000 after acquiring an additional 41,979 shares during the period. 8.42% of the stock is currently owned by institutional investors and hedge funds.

BBB Foods Price Performance

NYSE:TBBB opened at $38.03 on Wednesday. The company has a debt-to-equity ratio of 2.76, a current ratio of 0.60 and a quick ratio of 0.35. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of -24.54 and a beta of 0.03. The company has a 50 day moving average price of $36.37 and a 200-day moving average price of $34.85. BBB Foods Inc. has a 1-year low of $23.81 and a 1-year high of $40.09.

BBB Foods (NYSE:TBBB) last posted its earnings results on Wednesday, May 6th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.03). The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. BBB Foods had a negative net margin of 3.95% and a negative return on equity of 79.86%. Equities research analysts forecast that BBB Foods Inc. will post -0.61 EPS for the current year.

Wall Street Analyst Weigh In

TBBB has been the subject of several research reports. UBS Group lifted their price objective on shares of BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. lifted their price objective on shares of BBB Foods from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Wells Fargo & Company set a $42.00 price objective on shares of BBB Foods in a research note on Friday, March 13th. Zacks Research cut shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, March 23rd. Finally, HSBC upgraded shares of BBB Foods from a “hold” rating to a “buy” rating and lifted their price objective for the company from $38.00 to $47.00 in a research note on Wednesday, May 27th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, BBB Foods has a consensus rating of “Hold” and an average price target of $43.14.

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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.