11,140 Shares in Sendas Distribuidora S.A. (NYSE:ASAI) Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC purchased a new stake in Sendas Distribuidora S.A. (NYSE:ASAI) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,140 shares of the company’s stock, valued at approximately $77,000.

Several other institutional investors have also added to or reduced their stakes in the business. Blue Trust Inc. raised its stake in Sendas Distribuidora by 145.6% in the 3rd quarter. Blue Trust Inc. now owns 3,716 shares of the company’s stock worth $26,000 after acquiring an additional 2,203 shares during the last quarter. SageView Advisory Group LLC acquired a new position in shares of Sendas Distribuidora in the first quarter valued at about $69,000. PNC Financial Services Group Inc. raised its stake in shares of Sendas Distribuidora by 29.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,479 shares of the company’s stock worth $103,000 after purchasing an additional 1,713 shares during the last quarter. Privium Fund Management B.V. lifted its holdings in shares of Sendas Distribuidora by 26.3% during the second quarter. Privium Fund Management B.V. now owns 13,928 shares of the company’s stock worth $122,000 after purchasing an additional 2,900 shares during the period. Finally, Bayesian Capital Management LP purchased a new stake in Sendas Distribuidora in the first quarter valued at approximately $160,000. Institutional investors and hedge funds own 8.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ASAI. Hsbc Global Res raised shares of Sendas Distribuidora to a “strong-buy” rating in a report on Tuesday, September 24th. Bank of America cut Sendas Distribuidora from a “buy” rating to a “neutral” rating and set a $9.10 price objective for the company. in a report on Friday, September 13th. Finally, JPMorgan Chase & Co. lowered Sendas Distribuidora from an “overweight” rating to a “neutral” rating and set a $10.50 target price on the stock. in a report on Monday, September 9th.

Sendas Distribuidora Trading Up 0.7 %

ASAI opened at $6.66 on Thursday. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 0.50 and a beta of 1.02. The company’s 50 day simple moving average is $7.30 and its two-hundred day simple moving average is $9.70. Sendas Distribuidora S.A. has a 1-year low of $5.73 and a 1-year high of $15.25. The company has a debt-to-equity ratio of 4.18, a current ratio of 0.84 and a quick ratio of 0.45.

Sendas Distribuidora (NYSE:ASAI) last posted its earnings results on Thursday, August 8th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.60 billion. Sendas Distribuidora had a net margin of 0.95% and a return on equity of 14.49%. Analysts expect that Sendas Distribuidora S.A. will post 0.43 EPS for the current fiscal year.

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.