BBB Foods Inc. (NYSE:TBBB) Short Interest Up 26.4% in February

BBB Foods Inc. (NYSE:TBBB - Get Free Report) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 4,310,000 shares, a growth of 26.4% from the January 31st total of 3,410,000 shares. Based on an average daily volume of 1,020,000 shares, the days-to-cover ratio is currently 4.2 days. Approximately 11.1% of the company's shares are short sold.

BBB Foods Stock Performance

Shares of TBBB traded up $0.60 during trading hours on Friday, hitting $25.05. The stock had a trading volume of 1,500,903 shares, compared to its average volume of 1,120,241. 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 company's fifty day simple moving average is $28.73 and its 200 day simple moving average is $30.21. BBB Foods has a 12-month low of $19.31 and a 12-month high of $35.22.

Wall Street Analyst Weigh In

Separately, 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. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $32.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank purchased a new position in BBB Foods in the fourth quarter valued at about $141,000. USS Investment Management Ltd raised its position in BBB Foods by 14.8% in the fourth quarter. USS Investment Management Ltd now owns 604,735 shares of the company's stock valued at $17,132,000 after purchasing an additional 77,752 shares during the period. Voloridge Investment Management LLC raised its position in BBB Foods by 0.6% in the fourth quarter. Voloridge Investment Management LLC now owns 302,119 shares of the company's stock valued at $8,544,000 after purchasing an additional 1,736 shares during the period. Seven Grand Managers LLC purchased a new position in BBB Foods in the fourth quarter valued at about $3,535,000. Finally, Numerai GP LLC purchased a new position in BBB Foods in the fourth quarter valued at about $310,000. 8.42% of the stock is owned by hedge funds and other institutional investors.

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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.