Sendas Distribuidora (NYSE:ASAI) Stock Price Up 5.3% – What’s Next?

Shares of Sendas Distribuidora S.A. (NYSE:ASAI) rose 5.3% during trading on Thursday . The stock traded as high as $4.34 and last traded at $4.34. Approximately 368,795 shares changed hands during trading, a decline of 12% from the average daily volume of 419,360 shares. The stock had previously closed at $4.12.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Bank of America cut shares of Sendas Distribuidora from a “buy” rating to a “neutral” rating and set a $9.10 price objective for the company. in a research note on Friday, September 13th. Hsbc Global Res raised Sendas Distribuidora to a “strong-buy” rating in a research note on Tuesday, September 24th. Finally, JPMorgan Chase & Co. lowered Sendas Distribuidora from an “overweight” rating to a “neutral” rating and set a $10.50 target price for the company. in a research note on Monday, September 9th.

Sendas Distribuidora Price Performance

The stock has a market cap of $1.18 billion, a PE ratio of 9.52, a P/E/G ratio of 0.44 and a beta of 0.92. The business has a fifty day simple moving average of $5.99 and a two-hundred day simple moving average of $7.98. The company has a current ratio of 0.86, a quick ratio of 0.43 and a debt-to-equity ratio of 4.15.

Hedge Funds Weigh In On Sendas Distribuidora

Institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in 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 purchasing an additional 2,203 shares in the last quarter. 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 worth $69,000 after buying an additional 6,567 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Sendas Distribuidora during the 3rd quarter valued at about $77,000. Privium Fund Management B.V. boosted its holdings in shares of Sendas Distribuidora by 26.3% during the 2nd 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 during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Sendas Distribuidora by 44.4% in the second 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. Institutional investors own 8.76% of the company’s stock.

About Sendas Distribuidora

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.