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

BBB Foods Inc. (NYSE:TBBB) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 4,310,000 shares, an increase 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 presently 4.2 days. Currently, 11.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TBBB. SG Americas Securities LLC purchased a new position in shares of BBB Foods during the 4th quarter valued at about $375,000. BNP Paribas Financial Markets boosted its position in BBB Foods by 196.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 219,045 shares of the company’s stock worth $6,571,000 after purchasing an additional 145,056 shares in the last quarter. Tempus Wealth Planning LLC acquired a new stake in shares of BBB Foods during the 4th quarter worth approximately $343,000. Zweig DiMenna Associates LLC increased its holdings in shares of BBB Foods by 4.9% during the 4th quarter. Zweig DiMenna Associates LLC now owns 396,641 shares of the company’s stock valued at $11,217,000 after purchasing an additional 18,541 shares in the last quarter. Finally, FMR LLC boosted its holdings in BBB Foods by 23.0% during the third quarter. FMR LLC now owns 2,616,770 shares of the company’s stock worth $78,503,000 after buying an additional 490,100 shares in the last quarter. 8.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Itau BBA Securities assumed coverage on shares of BBB Foods in a research report on Wednesday, January 22nd. They set a “market perform” rating and a $32.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $32.00.

BBB Foods Price Performance

TBBB traded down $0.81 during trading on Friday, reaching $23.64. 132,837 shares of the company’s stock were exchanged, compared to its average volume of 1,087,639. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.79. BBB Foods has a 1 year low of $19.31 and a 1 year high of $35.22. The company’s fifty day simple moving average is $28.81 and its 200-day simple moving average is $30.22.

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.