Companhia Brasileira de Distribuição (NYSE:CBD) Shares Gap Down to $3.20

Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating)’s share price gapped down prior to trading on Monday . The stock had previously closed at $3.20, but opened at $3.12. Companhia Brasileira de Distribuição shares last traded at $3.17, with a volume of 5,411 shares traded.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Companhia Brasileira de Distribuição from a “buy” rating to a “hold” rating in a research report on Friday, November 18th.

Companhia Brasileira de Distribuição Price Performance

The business’s 50-day simple moving average is $3.47 and its two-hundred day simple moving average is $3.55. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 0.64.

Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) last issued its quarterly earnings data on Friday, November 4th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. Companhia Brasileira de Distribuição had a net margin of 3.70% and a return on equity of 2.11%. The business had revenue of $2 billion during the quarter. On average, sell-side analysts predict that Companhia Brasileira de Distribuição will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Counterpoint Mutual Funds LLC raised its position in shares of Companhia Brasileira de Distribuição by 136.9% during the 3rd quarter. Counterpoint Mutual Funds LLC now owns 68,677 shares of the company’s stock worth $243,000 after purchasing an additional 39,690 shares during the last quarter. WINTON GROUP Ltd raised its position in shares of Companhia Brasileira de Distribuição by 76.4% during the 2nd quarter. WINTON GROUP Ltd now owns 73,731 shares of the company’s stock worth $229,000 after purchasing an additional 31,923 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Companhia Brasileira de Distribuição by 20.0% during the 2nd quarter. SG Americas Securities LLC now owns 40,784 shares of the company’s stock worth $126,000 after purchasing an additional 6,793 shares during the last quarter. Farmer Steven Patrick acquired a new position in shares of Companhia Brasileira de Distribuição during the 2nd quarter worth about $95,000. Finally, Banco BTG Pactual S.A. grew its stake in Companhia Brasileira de Distribuição by 9,361.8% during the 3rd quarter. Banco BTG Pactual S.A. now owns 2,290,890 shares of the company’s stock valued at $8,110,000 after acquiring an additional 2,266,678 shares in the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

About Companhia Brasileira de Distribuição

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Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of supermarkets, specialized stores, and department stores in Brazil. It operates in Brazilian Retail, Grupo Éxito, and Other Businesses segments. The company sells non-perishables, beverages, fruits, vegetables, meat, breads, cold cuts, dairy products, cleaning products, disposable products, and personal care products; and home appliances and other non-food products, such as clothing and baby items, shoes and accessories, household articles, books, magazines, CDs and DVDs, stationery, toys, sports and camping gears, furniture, mobile phones, mattresses, pet products, and gardening equipment and tools, as well as electronic products, including personal computers, software, computer accessories, and sound and image systems.