BBB Foods Inc. (NYSE:TBBB) Short Interest Up 48.7% in March

BBB Foods Inc. (NYSE:TBBB - Get Free Report) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 2,230,000 shares, an increase of 48.7% from the March 15th total of 1,500,000 shares. Based on an average daily volume of 1,020,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 3.6% of the shares of the stock are sold short.

Analysts Set New Price Targets

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

BBB Foods Stock Performance

Shares of TBBB stock traded up $0.42 during mid-day trading on Wednesday, hitting $28.48. The company's stock had a trading volume of 411,791 shares, compared to its average volume of 834,672. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79. The company's fifty day simple moving average is $26.31 and its 200-day simple moving average is $29.14. BBB Foods has a 52 week low of $19.88 and a 52 week high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($1.03). The business had revenue of $784.03 million during the quarter, compared to analysts' expectations of $16.87 billion. On average, equities research analysts forecast that BBB Foods will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On BBB Foods

Institutional investors and hedge funds have recently made changes to their positions in the stock. TT International Asset Management LTD bought a new stake in shares of BBB Foods during the first quarter worth about $15,261,000. Blue Trust Inc. purchased a new stake in BBB Foods in the 1st quarter valued at about $212,000. FNY Investment Advisers LLC bought a new position in shares of BBB Foods during the 1st quarter worth approximately $37,000. Toronto Dominion Bank purchased a new position in shares of BBB Foods in the 4th quarter worth approximately $141,000. Finally, USS Investment Management Ltd grew its stake in BBB Foods by 14.8% in the 4th quarter. USS Investment Management Ltd now owns 604,735 shares of the company's stock valued at $17,132,000 after buying an additional 77,752 shares in the last quarter. Institutional investors own 8.42% of the company's stock.

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.