Sendas Distribuidora (NYSE:ASAI) Given New $18.00 Price Target at JPMorgan Chase & Co.

Sendas Distribuidora (NYSE:ASAI) had its price target upped by JPMorgan Chase & Co. from $17.00 to $18.00 in a report issued on Tuesday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Sendas Distribuidora Price Performance

Shares of NYSE:ASAI opened at $8.82 on Tuesday. Sendas Distribuidora has a one year low of $8.55 and a one year high of $15.25. The company has a debt-to-equity ratio of 4.10, a current ratio of 0.77 and a quick ratio of 0.39. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 0.41 and a beta of 1.05. The firm has a 50 day simple moving average of $10.66 and a 200 day simple moving average of $12.77.

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. Sendas Distribuidora had a return on equity of 15.74% and a net margin of 1.02%. The company had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.36 billion. Research analysts predict that Sendas Distribuidora will post 0.54 earnings per share for the current fiscal year.

Institutional Trading of Sendas Distribuidora

A number of hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased 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 valued at $103,000 after buying an additional 1,713 shares during the period. HBK Sorce Advisory LLC raised its stake in shares of Sendas Distribuidora by 16.1% during the fourth quarter. HBK Sorce Advisory LLC now owns 12,741 shares of the company’s stock valued at $176,000 after acquiring an additional 1,769 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Sendas Distribuidora by 535.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,378 shares of the company’s stock worth $47,000 after purchasing an additional 2,846 shares during the period. SageView Advisory Group LLC bought a new stake in shares of Sendas Distribuidora in the first quarter worth $69,000. Finally, Thornburg Investment Management Inc. increased its holdings in Sendas Distribuidora by 10.8% in the first 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 period. 8.76% of the stock is owned by institutional investors and hedge funds.

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.