Sendas Distribuidora S.A. (NYSE:ASAI - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $4.58, but opened at $4.32. Sendas Distribuidora shares last traded at $4.37, with a volume of 93,456 shares traded.
Analyst Ratings Changes
Several equities research analysts recently issued reports on ASAI shares. JPMorgan Chase & Co. downgraded Sendas Distribuidora from an "overweight" rating to a "neutral" rating and set a $10.50 price objective on the stock. in a report on Monday, September 9th. Hsbc Global Res upgraded shares of Sendas Distribuidora to a "strong-buy" rating in a research note on Tuesday, September 24th. Finally, Bank of America cut shares of Sendas Distribuidora from a "buy" rating to a "neutral" rating and set a $9.10 price target on the stock. in a research report on Friday, September 13th.
Read Our Latest Stock Analysis on ASAI
Sendas Distribuidora Stock Performance
The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 0.44 and a beta of 0.92. 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 firm has a 50 day moving average price of $6.02 and a 200-day moving average price of $8.00.
Hedge Funds Weigh In On Sendas Distribuidora
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Privium Fund Management B.V. raised its holdings in Sendas Distribuidora by 26.3% in the second quarter. Privium Fund Management B.V. now owns 13,928 shares of the company's stock valued at $122,000 after acquiring an additional 2,900 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Sendas Distribuidora by 66.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 35,000 shares of the company's stock valued at $326,000 after purchasing an additional 14,000 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Sendas Distribuidora during the 2nd quarter worth $810,000. Marshall Wace LLP acquired a new position in shares of Sendas Distribuidora during the second quarter worth $212,000. Finally, AQR Capital Management LLC grew its stake in shares of Sendas Distribuidora by 44.4% during the second 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. Hedge funds and other 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.
See Also
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
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
