Sendas Distribuidora (NYSE:ASAI) Stock Price Up 5.3% – Should You Buy?

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on ASAI. Bank of America downgraded 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. JPMorgan Chase & Co. downgraded Sendas Distribuidora from an “overweight” rating to a “neutral” rating and set a $10.50 price objective for the company. in a research report on Monday, September 9th. Finally, Hsbc Global Res raised Sendas Distribuidora to a “strong-buy” rating in a research note on Tuesday, September 24th.

Sendas Distribuidora Stock Performance

The stock has a market cap of $1.25 billion, a P/E ratio of 10.02, a PEG ratio of 0.44 and a beta of 0.92. The company has a debt-to-equity ratio of 4.15, a current ratio of 0.86 and a quick ratio of 0.43. The company has a fifty day moving average of $5.93 and a 200 day moving average of $7.90.

Institutional Investors Weigh In On Sendas Distribuidora

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its position in Sendas Distribuidora by 145.6% in the third quarter. Blue Trust Inc. now owns 3,716 shares of the company’s stock worth $26,000 after buying an additional 2,203 shares during the last quarter. Privium Fund Management B.V. grew its holdings in shares of Sendas Distribuidora by 26.3% in the 2nd quarter. Privium Fund Management B.V. now owns 13,928 shares of the company’s stock worth $122,000 after acquiring an additional 2,900 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Sendas Distribuidora by 44.4% during the second quarter. AQR Capital Management LLC now owns 19,738 shares of the company’s stock worth $184,000 after purchasing an additional 6,068 shares during the period. Signaturefd LLC lifted its holdings in shares of Sendas Distribuidora by 186.4% during the third quarter. Signaturefd LLC now owns 10,091 shares of the company’s stock valued at $69,000 after purchasing an additional 6,567 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda increased its stake in Sendas Distribuidora by 13.3% in the 2nd quarter. SPX Gestao de Recursos Ltda now owns 81,733 shares of the company’s stock worth $760,000 after purchasing an additional 9,607 shares in the last quarter. 8.76% of the stock is currently owned by 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.