Commonwealth of Pennsylvania Public School Empls Retrmt SYS Increases Stake in BBB Foods Inc. $TBBB

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in BBB Foods Inc. (NYSE:TBBB) by 104.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 226,230 shares of the company’s stock after acquiring an additional 115,602 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.20% of BBB Foods worth $7,554,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barings LLC purchased a new stake in shares of BBB Foods in the third quarter valued at $1,959,000. Citigroup Inc. raised its stake in shares of BBB Foods by 108.9% in the third quarter. Citigroup Inc. now owns 281,023 shares of the company’s stock valued at $7,576,000 after acquiring an additional 146,488 shares during the period. DNB Asset Management AS raised its stake in shares of BBB Foods by 60.0% in the third quarter. DNB Asset Management AS now owns 374,275 shares of the company’s stock valued at $10,090,000 after acquiring an additional 140,409 shares during the period. Bronte Capital Management Pty Ltd. purchased a new stake in shares of BBB Foods in the fourth quarter valued at $13,161,000. Finally, 3G Capital Partners LP raised its stake in shares of BBB Foods by 6.7% in the third quarter. 3G Capital Partners LP now owns 1,600,000 shares of the company’s stock valued at $43,136,000 after acquiring an additional 100,000 shares during the period. Hedge funds and other institutional investors own 8.42% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TBBB shares. Scotiabank increased their target price on shares of BBB Foods from $37.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Wall Street Zen raised shares of BBB Foods from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research downgraded shares of BBB Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, March 23rd. JPMorgan Chase & Co. raised their target price on shares of BBB Foods from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Finally, UBS Group raised their target price on shares of BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Five 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. According to MarketBeat, BBB Foods has a consensus rating of “Hold” and an average target price of $43.14.

BBB Foods Stock Down 3.9%

TBBB stock opened at $38.03 on Wednesday. The firm has a 50 day moving average of $36.37 and a 200 day moving average of $34.85. The stock has a market capitalization of $4.44 billion, a PE ratio of -24.54 and a beta of 0.03. The company has a quick ratio of 0.35, a current ratio of 0.60 and a debt-to-equity ratio of 2.76. BBB Foods Inc. has a 52 week low of $23.81 and a 52 week high of $40.09.

BBB Foods (NYSE:TBBB) last released its 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 analyst estimates 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 forecast that BBB Foods Inc. will post -0.61 earnings per share for the current year.

About BBB Foods

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.