Sendas Distribuidora S.A. (NYSE:ASAI – Get Free Report) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $9.68 and last traded at $9.82, with a volume of 24799 shares traded. The stock had previously closed at $10.03.
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. raised Sendas Distribuidora from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $15.00 to $17.00 in a research report on Tuesday, April 23rd.
View Our Latest Research Report on Sendas Distribuidora
Sendas Distribuidora Price Performance
Sendas Distribuidora (NYSE:ASAI – Get Free Report) last announced 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 return on equity of 15.74% and a net margin of 1.02%. The firm had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.36 billion. On average, equities analysts anticipate that Sendas Distribuidora S.A. will post 0.58 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Sendas Distribuidora
Hedge funds have recently modified their holdings of the stock. ANTIPODES PARTNERS Ltd boosted its stake in Sendas Distribuidora by 22.1% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,189,841 shares of the company’s stock worth $16,443,000 after purchasing an additional 215,324 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Sendas Distribuidora by 6.0% during the first quarter. Vanguard Group Inc. now owns 1,124,903 shares of the company’s stock valued at $16,626,000 after buying an additional 63,227 shares during the last quarter. Breakout Capital Partners LP acquired a new position in shares of Sendas Distribuidora in the 4th quarter valued at $13,347,000. Renaissance Group LLC raised its stake in Sendas Distribuidora by 6.8% in the 1st quarter. Renaissance Group LLC now owns 531,101 shares of the company’s stock worth $7,876,000 after acquiring an additional 33,937 shares during the last quarter. Finally, Barings LLC lifted its position in Sendas Distribuidora by 28.9% during the 1st quarter. Barings LLC now owns 403,015 shares of the company’s stock worth $5,957,000 after acquiring an additional 90,256 shares during the period. Institutional investors and hedge funds own 8.76% of the company’s stock.
About Sendas Distribuidora
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.
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