Sendas Distribuidora (NYSE:ASAI) Shares Gap Down to $10.91

Sendas Distribuidora S.A. (NYSE:ASAI) shares gapped down prior to trading on Monday . The stock had previously closed at $10.91, but opened at $10.64. Sendas Distribuidora shares last traded at $10.62, with a volume of 10,883 shares trading hands.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upgraded Sendas Distribuidora from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $15.00 to $17.00 in a report on Tuesday, April 23rd.

Sendas Distribuidora Trading Down 1.8 %

The firm has a market cap of $2.79 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 0.46 and a beta of 1.11. The business’s 50 day moving average is $12.61 and its 200-day moving average is $13.48. The company has a quick ratio of 0.39, a current ratio of 0.77 and a debt-to-equity ratio of 4.10.

Sendas Distribuidora (NYSE:ASAI) last released its earnings results on Wednesday, April 24th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Sendas Distribuidora had a net margin of 1.02% and a return on equity of 15.74%. The company had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.36 billion. As a group, analysts forecast that Sendas Distribuidora S.A. will post 0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ASAI. Tower Research Capital LLC TRC lifted its position in shares of Sendas Distribuidora by 535.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,378 shares of the company’s stock worth $47,000 after buying an additional 2,846 shares during the last quarter. SageView Advisory Group LLC acquired a new stake in Sendas Distribuidora during the first quarter worth about $69,000. PNC Financial Services Group Inc. lifted its holdings in Sendas Distribuidora by 36.4% in the third quarter. PNC Financial Services Group Inc. now owns 5,766 shares of the company’s stock worth $70,000 after acquiring an additional 1,539 shares during the last quarter. Jump Financial LLC acquired a new position in Sendas Distribuidora in the fourth quarter valued at approximately $143,000. Finally, Bayesian Capital Management LP bought a new position in shares of Sendas Distribuidora during the first quarter valued at approximately $160,000. Institutional investors own 8.76% of the company’s stock.

Sendas Distribuidora Company Profile

Sendas Distribuidora SA engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. The company serves restaurants, pizzerias, snack bars, schools, small businesses, religious institutions, hospitals, hotels, grocery stores, neighborhood supermarkets, and individuals.