BBB Foods Inc. (NYSE:TBBB) Short Interest Update

BBB Foods Inc. (NYSE:TBBB - Get Free Report) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 855,400 shares, a decline of 61.6% from the March 31st total of 2,230,000 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average trading volume of 1,030,000 shares, the days-to-cover ratio is presently 0.8 days.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TBBB. Scotiabank set a $37.00 target price on BBB Foods and gave the stock an "outperform" rating in a report on Friday, April 11th. Itau BBA Securities raised BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price target on the stock in a research report on Monday, April 21st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.67.

BBB Foods Price Performance

BBB Foods stock traded down $0.20 during trading on Thursday, hitting $30.36. 14,892 shares of the company were exchanged, compared to its average volume of 817,030. BBB Foods has a 52 week low of $21.39 and a 52 week high of $35.22. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72. The business's 50 day moving average is $26.53 and its 200 day moving average is $29.09.

BBB Foods (NYSE:TBBB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 9th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $1.02 by ($1.03). The company had revenue of $784.03 million during the quarter, compared to analyst estimates of $16.87 billion. As a group, equities analysts expect that BBB Foods will post 0.15 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TBBB. SG Americas Securities LLC purchased a new position in BBB Foods in the 4th quarter valued at approximately $375,000. Tempus Wealth Planning LLC bought a new position in BBB Foods in the 4th quarter worth about $343,000. Barings LLC lifted its holdings in shares of 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 buying an additional 29,968 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of BBB Foods by 8.8% in 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 acquiring an additional 170,811 shares during the period. Finally, Zweig DiMenna Associates LLC increased its holdings in BBB Foods by 4.9% during the 4th quarter. Zweig DiMenna Associates LLC now owns 396,641 shares of the company's stock worth $11,217,000 after acquiring an additional 18,541 shares during the period. Hedge funds and other institutional investors own 8.42% of the company's stock.

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.