Sendas Distribuidora (NYSE:ASAI) Stock Price Up 4.6%

Shares of Sendas Distribuidora S.A. (NYSE:ASAI – Get Rating) rose 4.6% during trading on Friday . The stock traded as high as $12.03 and last traded at $11.94. Approximately 527,878 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 487,902 shares. The stock had previously closed at $11.41.

Wall Street Analysts Forecast Growth

Separately, Bank of America downgraded shares of Sendas Distribuidora from a “buy” rating to a “neutral” rating in a report on Tuesday, January 31st.

Sendas Distribuidora Price Performance

The business’s fifty day moving average is $13.40 and its 200-day moving average is $16.74. The company has a debt-to-equity ratio of 4.89, a current ratio of 0.81 and a quick ratio of 0.40. The firm has a market cap of $3.17 billion, a PE ratio of 15.06, a P/E/G ratio of 0.55 and a beta of 0.77.

Sendas Distribuidora (NYSE:ASAI – Get Rating) last posted its quarterly earnings data on Thursday, February 16th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.08. Sendas Distribuidora had a net margin of 1.86% and a return on equity of 29.13%. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.01 billion. On average, research analysts predict that Sendas Distribuidora S.A. will post 0.77 earnings per share for the current fiscal year.

Sendas Distribuidora Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, July 3rd. Investors of record on Monday, May 1st will be issued a dividend of $0.0506 per share. This represents a yield of 1.1%. The ex-dividend date of this dividend is Friday, April 28th. This is an increase from Sendas Distribuidora’s previous — dividend of $0.04. Sendas Distribuidora’s dividend payout ratio (DPR) is 10.26%.

Hedge Funds Weigh In On Sendas Distribuidora

Several large investors have recently modified their holdings of ASAI. FMR LLC boosted its position in shares of Sendas Distribuidora by 64.5% in the second quarter. FMR LLC now owns 2,865 shares of the company’s stock valued at $39,000 after acquiring an additional 1,123 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Sendas Distribuidora by 2.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 49,044 shares of the company’s stock valued at $792,000 after acquiring an additional 1,243 shares during the period. Ruane Cunniff & Goldfarb L.P. boosted its position in shares of Sendas Distribuidora by 1.4% in the fourth quarter. Ruane Cunniff & Goldfarb L.P. now owns 101,069 shares of the company’s stock valued at $1,851,000 after acquiring an additional 1,380 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Sendas Distribuidora by 195.8% in the fourth quarter. Quadrant Capital Group LLC now owns 2,242 shares of the company’s stock valued at $41,000 after acquiring an additional 1,484 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of Sendas Distribuidora by 3.7% in the first quarter. Jane Street Group LLC now owns 71,784 shares of the company’s stock valued at $1,233,000 after acquiring an additional 2,551 shares during the period. Hedge funds and other institutional investors own 4.45% of the company’s stock.

About Sendas Distribuidora

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Sendas Distribuidora SA engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. As of March 31, 2022, the company operated 216 stores under the Assaí banner, as well as 13 distribution centers. It serves restaurants, pizzerias, snack bars, schools, small businesses, religious institutions, hospitals, hotels, grocery stores, neighborhood supermarkets, and individuals.