Sendas Distribuidora (NYSE:ASAI) Stock Price Down 2.7% - Time to Sell?

Shares of Sendas Distribuidora S.A. (NYSE:ASAI - Get Free Report) fell 2.7% during trading on Friday . The stock traded as low as $4.28 and last traded at $4.31. 56,151 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 179,676 shares. The stock had previously closed at $4.43.

Wall Street Analyst Weigh In

ASAI has been the subject of a number of recent analyst reports. Hsbc Global Res raised Sendas Distribuidora to a "strong-buy" rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. cut Sendas Distribuidora from an "overweight" rating to a "neutral" rating and set a $10.50 price target for the company. in a report on Monday, September 9th. Finally, Bank of America lowered shares of Sendas Distribuidora from a "buy" rating to a "neutral" rating and set a $9.10 price objective on the stock. in a report on Friday, September 13th.

Sendas Distribuidora Stock Performance

The company has a debt-to-equity ratio of 4.15, a current ratio of 0.86 and a quick ratio of 0.43. The stock has a 50-day moving average price of $5.60 and a 200 day moving average price of $7.49. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 9.35, a price-to-earnings-growth ratio of 0.44 and a beta of 0.92.

Sendas Distribuidora Cuts Dividend

The company also recently announced a -- dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, January 10th will be issued a dividend of $0.0488 per share. The ex-dividend date is Friday, January 10th. Sendas Distribuidora's dividend payout ratio (DPR) is presently 10.87%.

Institutional Investors Weigh In On Sendas Distribuidora

Several institutional investors have recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of Sendas Distribuidora by 145.6% in the 3rd quarter. Blue Trust Inc. now owns 3,716 shares of the company's stock valued at $26,000 after acquiring an additional 2,203 shares in the last quarter. Signaturefd LLC grew its stake in Sendas Distribuidora by 186.4% in the third quarter. Signaturefd LLC now owns 10,091 shares of the company's stock valued at $69,000 after purchasing an additional 6,567 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Sendas Distribuidora during the 3rd quarter worth approximately $77,000. AQR Capital Management LLC raised its stake in shares of Sendas Distribuidora by 44.4% during the 2nd quarter. AQR Capital Management LLC now owns 19,738 shares of the company's stock worth $184,000 after purchasing an additional 6,068 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Sendas Distribuidora in the 2nd quarter valued at approximately $212,000. 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.