BBB Foods Inc. (NYSE:TBBB) Sees Large Growth in Short Interest

BBB Foods Inc. (NYSE:TBBB) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 5,240,432 shares, a growth of 22.8% from the March 15th total of 4,265,901 shares. Based on an average daily volume of 571,508 shares, the short-interest ratio is currently 9.2 days. Currently, 4.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its position in shares of BBB Foods by 92.5% during the 4th quarter. Farther Finance Advisors LLC now owns 824 shares of the company’s stock worth $28,000 after purchasing an additional 396 shares during the last quarter. Osaic Holdings Inc. acquired a new position in shares of BBB Foods during the 2nd quarter worth approximately $25,000. Larson Financial Group LLC increased its position in shares of BBB Foods by 547.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,056 shares of the company’s stock worth $28,000 after purchasing an additional 893 shares during the last quarter. Smartleaf Asset Management LLC acquired a new position in shares of BBB Foods during the 4th quarter worth approximately $39,000. Finally, Toth Financial Advisory Corp acquired a new position in shares of BBB Foods during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 8.42% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TBBB shares. Wall Street Zen upgraded BBB Foods from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Zacks Research cut BBB Foods from a “hold” rating to a “strong sell” rating in a report on Monday, March 23rd. UBS Group lifted their price objective on BBB Foods from $31.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Wells Fargo & Company set a $42.00 target price on BBB Foods in a research report on Friday, March 13th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of BBB Foods in a research report on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $40.00.

BBB Foods Stock Up 2.4%

BBB Foods stock traded up $0.89 during midday trading on Friday, reaching $38.25. The stock had a trading volume of 337,801 shares, compared to its average volume of 443,658. The firm’s fifty day simple moving average is $35.68 and its 200-day simple moving average is $32.77. BBB Foods has a 1-year low of $23.81 and a 1-year high of $40.09. The stock has a market capitalization of $4.46 billion, a P/E ratio of -28.97 and a beta of 0.01. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.35 and a current ratio of 0.62.

BBB Foods (NYSE:TBBB) last announced its earnings results on Wednesday, March 11th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.22). BBB Foods had a negative net margin of 3.72% and a negative return on equity of 70.80%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. As a group, analysts expect that BBB Foods will post 0.15 EPS 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. The company also provides branded, private label, and spot products. It serves low-to-middle income households through online channels.