Sendas Distribuidora (NYSE:ASAI) Reaches New 52-Week Low at $7.90

Shares of Sendas Distribuidora S.A. (NYSE:ASAI) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $7.90 and last traded at $7.90, with a volume of 52993 shares traded. The stock had previously closed at $8.17.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut Sendas Distribuidora from an “overweight” rating to a “neutral” rating and set a $10.50 target price on the stock. in a report on Monday.

Sendas Distribuidora Stock Performance

The company has a debt-to-equity ratio of 4.18, a current ratio of 0.84 and a quick ratio of 0.45. The business has a 50-day simple moving average of $9.19 and a 200-day simple moving average of $11.57. The firm has a market capitalization of $2.18 billion, a PE ratio of 15.19, a P/E/G ratio of 0.55 and a beta of 1.04.

Sendas Distribuidora (NYSE:ASAI) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Sendas Distribuidora had a return on equity of 14.49% and a net margin of 0.95%. The business had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.60 billion. Equities research analysts expect that Sendas Distribuidora S.A. will post 0.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sendas Distribuidora

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Breakout Capital Partners LP purchased a new stake in Sendas Distribuidora during the fourth quarter valued at approximately $13,347,000. Brandes Investment Partners LP grew its stake in shares of Sendas Distribuidora by 146.1% during the fourth quarter. Brandes Investment Partners LP now owns 176,981 shares of the company’s stock valued at $2,446,000 after buying an additional 105,073 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Sendas Distribuidora by 6.0% during the first quarter. Vanguard Group Inc. now owns 1,124,903 shares of the company’s stock valued at $16,626,000 after buying an additional 63,227 shares during the last quarter. Royal London Asset Management Ltd. grew its stake in shares of Sendas Distribuidora by 888.9% during the fourth quarter. Royal London Asset Management Ltd. now owns 307,970 shares of the company’s stock valued at $4,256,000 after buying an additional 276,826 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of Sendas Distribuidora during the fourth quarter valued at approximately $143,000. 8.76% of the stock is currently owned by hedge funds and other 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.