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

BBB Foods Inc. (NYSE:TBBB) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 2,230,000 shares, a growth of 48.7% from the March 15th total of 1,500,000 shares. Based on an average trading volume of 1,020,000 shares, the short-interest ratio is currently 2.2 days. Currently, 3.6% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Scotiabank set a $37.00 price objective on shares of BBB Foods and gave the company an “outperform” rating in a report on Friday, April 11th. Itau BBA Securities began coverage on BBB Foods in a report on Wednesday, January 22nd. They set a “market perform” rating and a $32.00 price objective on the stock. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, BBB Foods presently has an average rating of “Hold” and an average target price of $33.00.

Hedge Funds Weigh In On BBB Foods

A number of hedge funds and other institutional investors have recently made changes to their positions in TBBB. Virtu Financial LLC purchased a new stake in BBB Foods in the third quarter worth about $230,000. JPMorgan Chase & Co. increased its holdings in BBB Foods by 0.6% during the third quarter. JPMorgan Chase & Co. now owns 1,274,625 shares of the company’s stock valued at $38,239,000 after buying an additional 7,014 shares during the period. SG Americas Securities LLC bought a new position in BBB Foods in the fourth quarter worth approximately $375,000. Zweig DiMenna Associates LLC lifted its holdings in BBB Foods by 4.9% during the fourth quarter. Zweig DiMenna Associates LLC now owns 396,641 shares of the company’s stock worth $11,217,000 after buying an additional 18,541 shares during the period. Finally, Tempus Wealth Planning LLC bought a new stake in BBB Foods during the 4th quarter valued at $343,000. Institutional investors own 8.42% of the company’s stock.

BBB Foods Stock Up 0.8 %

Shares of NYSE:TBBB opened at $25.96 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72. BBB Foods has a 12 month low of $19.67 and a 12 month high of $35.22. The firm’s 50-day moving average is $26.37 and its 200 day moving average is $29.21.

BBB Foods (NYSE:TBBB) last issued its 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 business had revenue of $784.03 million for the quarter, compared to analyst estimates of $16.87 billion. As a group, sell-side analysts expect that BBB Foods will post 0.15 earnings per share for the current fiscal 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.