Sendas Distribuidora (NYSE:ASAI) Sets New 52-Week High at $18.35

Shares of Sendas Distribuidora S.A. (NYSE:ASAI) hit a new 52-week high on Tuesday . The company traded as high as $18.35 and last traded at $18.29, with a volume of 2933 shares changing hands. The stock had previously closed at $17.62.

Separately, Zacks Investment Research raised Sendas Distribuidora from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Monday.

The company has a debt-to-equity ratio of 3.83, a current ratio of 1.17 and a quick ratio of 0.71. The business has a 50-day moving average of $16.93.

Sendas Distribuidora (NYSE:ASAI) last released its quarterly earnings data on Tuesday, July 27th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.17. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $366.41 million. On average, equities analysts predict that Sendas Distribuidora S.A. will post 0.17 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Sendas Distribuidora in the 1st quarter valued at $2,769,000. Indus Capital Partners LLC acquired a new position in Sendas Distribuidora in the first quarter worth $5,351,000. Advisors Asset Management Inc. acquired a new position in Sendas Distribuidora in the first quarter worth $80,000. JPMorgan Chase & Co. acquired a new position in Sendas Distribuidora in the first quarter worth $4,907,000. Finally, Dimensional Fund Advisors LP acquired a new position in Sendas Distribuidora in the first quarter worth $1,356,000. 5.99% of the stock is currently owned by institutional investors and hedge funds.

Sendas Distribuidora Company Profile (NYSE:ASAI)

Sendas Distribuidora SA engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. As of April 22, 2021, the company operated 185 stores under the Assaí banner, as well as 10 distribution centers. It serves restaurants, pizzerias, snack bars, schools, small businesses, religious institutions, hospitals, hotels, grocery stores, neighborhood supermarkets, and individuals.

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