Sendas Distribuidora (NYSE:ASAI) Trading 5.3% Higher – Should You Buy?

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Hsbc Global Res raised shares of Sendas Distribuidora to a “strong-buy” rating in a research report on Tuesday, September 24th. Bank of America downgraded Sendas Distribuidora from a “buy” rating to a “neutral” rating and set a $9.10 target price for the company. in a research report on Friday, September 13th. 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 Stock Up 4.8 %

The firm’s 50 day moving average price is $5.93 and its two-hundred day moving average price is $7.90. The firm has a market capitalization of $1.25 billion, a PE ratio of 10.02, a P/E/G ratio of 0.44 and a beta of 0.92. The company has a quick ratio of 0.43, a current ratio of 0.86 and a debt-to-equity ratio of 4.15.

Institutional Trading of Sendas Distribuidora

Several large investors have recently modified their holdings of the business. Blue Trust Inc. boosted its stake in shares of Sendas Distribuidora by 145.6% during the 3rd quarter. Blue Trust Inc. now owns 3,716 shares of the company’s stock valued at $26,000 after buying an additional 2,203 shares during the last quarter. Signaturefd LLC lifted its stake in Sendas Distribuidora by 186.4% during the third quarter. Signaturefd LLC now owns 10,091 shares of the company’s stock worth $69,000 after purchasing an additional 6,567 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Sendas Distribuidora during the third quarter valued at $77,000. Privium Fund Management B.V. raised its holdings in shares of Sendas Distribuidora by 26.3% during the second quarter. Privium Fund Management B.V. now owns 13,928 shares of the company’s stock worth $122,000 after purchasing an additional 2,900 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of Sendas Distribuidora by 44.4% in the 2nd quarter. AQR Capital Management LLC now owns 19,738 shares of the company’s stock worth $184,000 after buying an additional 6,068 shares during the last quarter. 8.76% of the stock is currently owned by institutional investors and hedge funds.

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.