Sendas Distribuidora (NYSE:ASAI) Reaches New 52-Week Low at $8.81

Sendas Distribuidora S.A. (NYSE:ASAI)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $8.81 and last traded at $8.87, with a volume of 32723 shares trading hands. The stock had previously closed at $8.87.

Analysts Set New Price Targets

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

Sendas Distribuidora Stock Performance

The business has a 50 day moving average of $11.75 and a 200 day moving average of $13.23. The company has a market capitalization of $2.57 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 0.40 and a beta of 1.05. The company has a quick ratio of 0.39, a current ratio of 0.77 and a debt-to-equity ratio of 4.10.

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

Institutional Investors Weigh In On Sendas Distribuidora

Several institutional investors have recently modified their holdings of the stock. Bayesian Capital Management LP bought a new stake in shares of Sendas Distribuidora in the 1st quarter valued at approximately $160,000. Thornburg Investment Management Inc. lifted its stake in shares of Sendas Distribuidora by 10.8% in the 1st quarter. Thornburg Investment Management Inc. now owns 71,720 shares of the company’s stock valued at $1,033,000 after purchasing an additional 7,001 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Sendas Distribuidora by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 1,124,903 shares of the company’s stock valued at $16,626,000 after purchasing an additional 63,227 shares during the last quarter. SageView Advisory Group LLC bought a new stake in shares of Sendas Distribuidora in the 1st quarter valued at approximately $69,000. Finally, Barings LLC lifted its stake in shares of Sendas Distribuidora by 28.9% in the 1st quarter. Barings LLC now owns 403,015 shares of the company’s stock valued at $5,957,000 after purchasing an additional 90,256 shares during the last quarter. 8.76% of the stock is owned by institutional investors.

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.