Sendas Distribuidora (NYSE:ASAI) Trading 3.5% Higher

Sendas Distribuidora S.A. (NYSE:ASAI) shares traded up 3.5% on Friday . The stock traded as high as $8.60 and last traded at $8.56. 142,845 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 313,615 shares. The stock had previously closed at $8.27.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their target price on shares of Sendas Distribuidora from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd.

Sendas Distribuidora Trading Up 1.3 %

The company has a quick ratio of 0.39, a current ratio of 0.77 and a debt-to-equity ratio of 4.10. The business’s fifty day moving average is $9.37 and its 200 day moving average is $11.89. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 0.39 and a beta of 1.05.

Institutional Investors Weigh In On Sendas Distribuidora

A number of hedge funds and other institutional investors have recently made changes to their positions in ASAI. Jump Financial LLC acquired a new stake in shares of Sendas Distribuidora during the fourth quarter worth $143,000. Barings LLC increased its stake in Sendas Distribuidora by 17.6% in the 4th quarter. Barings LLC now owns 312,759 shares of the company’s stock valued at $4,322,000 after buying an additional 46,818 shares during the last quarter. Brandes Investment Partners LP increased its stake in Sendas Distribuidora by 146.1% in the 4th quarter. Brandes Investment Partners LP now owns 176,981 shares of the company’s stock valued at $2,446,000 after buying an additional 105,073 shares during the last quarter. Royal London Asset Management Ltd. increased its stake in Sendas Distribuidora by 888.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 307,970 shares of the company’s stock valued at $4,256,000 after buying an additional 276,826 shares during the last quarter. Finally, Breakout Capital Partners LP acquired a new stake in Sendas Distribuidora in the 4th quarter valued at $13,347,000. 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.