Sendas Distribuidora (NYSE:ASAI) Stock Price Down 3.1%

Sendas Distribuidora S.A. (NYSE:ASAI) traded down 3.1% during trading on Friday . The company traded as low as $9.50 and last traded at $9.52. 24,723 shares changed hands during trading, a decline of 92% from the average session volume of 295,802 shares. The stock had previously closed at $9.82.

Analysts Set New Price Targets

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

Sendas Distribuidora Stock Performance

The company has a current ratio of 0.77, a quick ratio of 0.39 and a debt-to-equity ratio of 4.10. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 0.42 and a beta of 1.11. The stock’s 50 day moving average is $12.01 and its two-hundred day moving average is $13.31.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bayesian Capital Management LP acquired a new stake in shares of Sendas Distribuidora during the first quarter worth $160,000. Thornburg Investment Management Inc. increased its position in Sendas Distribuidora by 10.8% during the first quarter. Thornburg Investment Management Inc. now owns 71,720 shares of the company’s stock worth $1,033,000 after acquiring an additional 7,001 shares during the period. Vanguard Group Inc. raised its stake in Sendas Distribuidora by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 1,124,903 shares of the company’s stock worth $16,626,000 after purchasing an additional 63,227 shares in the last quarter. SageView Advisory Group LLC bought a new stake in Sendas Distribuidora in the 1st quarter valued at about $69,000. Finally, Barings LLC grew its position in shares of 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 purchasing an additional 90,256 shares in the last quarter. Institutional investors and hedge funds 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.