Blue Trust Inc. Acquires 2,203 Shares of Sendas Distribuidora S.A. (NYSE:ASAI)

Blue Trust Inc. raised its position in shares of Sendas Distribuidora S.A. (NYSE:ASAI) by 145.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,716 shares of the company’s stock after purchasing an additional 2,203 shares during the quarter. Blue Trust Inc.’s holdings in Sendas Distribuidora were worth $26,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Sendas Distribuidora by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 1,124,903 shares of the company’s stock valued at $16,626,000 after purchasing an additional 63,227 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Sendas Distribuidora during the 2nd quarter worth approximately $810,000. Coronation Fund Managers Ltd. grew its position in shares of Sendas Distribuidora by 23.6% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 7,441,629 shares of the company’s stock worth $69,207,000 after buying an additional 1,422,458 shares during the period. Privium Fund Management B.V. grew its position in shares of Sendas Distribuidora by 26.3% during the 2nd quarter. Privium Fund Management B.V. now owns 13,928 shares of the company’s stock worth $122,000 after buying an additional 2,900 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Sendas Distribuidora during the 1st quarter worth approximately $310,000. Institutional investors and hedge funds own 8.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on ASAI shares. Bank of America downgraded shares of Sendas Distribuidora from a “buy” rating to a “neutral” rating and set a $9.10 price objective for the company. in a research report on Friday, September 13th. JPMorgan Chase & Co. downgraded shares of Sendas Distribuidora from an “overweight” rating to a “neutral” rating and set a $10.50 price target for the company. in a research report on Monday, September 9th. Finally, Hsbc Global Res raised shares of Sendas Distribuidora to a “strong-buy” rating in a research report on Tuesday, September 24th.

Sendas Distribuidora Price Performance

Shares of NYSE:ASAI opened at $6.33 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.45 and a debt-to-equity ratio of 4.18. The stock’s fifty day simple moving average is $7.20 and its two-hundred day simple moving average is $9.61. Sendas Distribuidora S.A. has a 1-year low of $5.73 and a 1-year high of $15.25. The stock has a market cap of $1.71 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 0.53 and a beta of 1.03.

Sendas Distribuidora (NYSE:ASAI) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. Sendas Distribuidora had a return on equity of 14.49% and a net margin of 0.95%. The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.60 billion. As a group, analysts forecast that Sendas Distribuidora S.A. will post 0.46 EPS for the current fiscal year.

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.