Sendas Distribuidora S.A. (NYSE:ASAI - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $4.47, but opened at $4.35. Sendas Distribuidora shares last traded at $4.37, with a volume of 51,121 shares traded.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on ASAI. Bank of America cut Sendas Distribuidora from a "buy" rating to a "neutral" rating and set a $9.10 target price on the stock. in a report on Friday, September 13th. JPMorgan Chase & Co. cut shares of Sendas Distribuidora from an "overweight" rating to a "neutral" rating and set a $10.50 price objective on the stock. in a research note on Monday, September 9th. Finally, Hsbc Global Res upgraded shares of Sendas Distribuidora to a "strong-buy" rating in a report on Tuesday, September 24th.
Read Our Latest Analysis on Sendas Distribuidora
Sendas Distribuidora Stock Performance
The firm's 50 day simple moving average is $5.64 and its 200-day simple moving average is $7.51. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 9.63, a P/E/G ratio of 0.44 and a beta of 0.92. The company has a debt-to-equity ratio of 4.15, a quick ratio of 0.43 and a current ratio of 0.86.
Sendas Distribuidora Cuts Dividend
The business also recently disclosed a -- dividend, which will be paid on Friday, March 7th. Investors of record on Friday, January 10th will be given a dividend of $0.0488 per share. The ex-dividend date is Friday, January 10th. Sendas Distribuidora's payout ratio is presently 10.87%.
Institutional Investors Weigh In On Sendas Distribuidora
Several large investors have recently made changes to their positions in ASAI. Blue Trust Inc. lifted its position 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 worth $26,000 after acquiring an additional 2,203 shares during the period. Signaturefd LLC increased its holdings in Sendas Distribuidora by 186.4% in the 3rd quarter. Signaturefd LLC now owns 10,091 shares of the company's stock valued at $69,000 after buying an additional 6,567 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Sendas Distribuidora in the 3rd quarter valued at $77,000. AQR Capital Management LLC lifted its holdings 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 acquiring an additional 6,068 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Sendas Distribuidora during the 2nd quarter valued at about $212,000. Institutional investors own 8.76% of the company's stock.
About Sendas Distribuidora
(
Get Free Report)
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.
Read More
Before you consider Sendas Distribuidora, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sendas Distribuidora wasn't on the list.
While Sendas Distribuidora currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
