Sendas Distribuidora S.A. (NYSE:ASAI – Get Rating)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $17.71, but opened at $18.29. Sendas Distribuidora shares last traded at $18.21, with a volume of 3,965 shares traded.

Sendas Distribuidora Stock Performance

The company has a debt-to-equity ratio of 5.10, a quick ratio of 0.46 and a current ratio of 0.91. The business has a 50 day moving average of $18.56 and a 200-day moving average of $17.13.

Sendas Distribuidora (NYSE:ASAI – Get Rating) last posted its earnings results on Thursday, October 20th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.17. The company had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $543.73 million. Research analysts forecast that Sendas Distribuidora S.A. will post 0.79 earnings per share for the current year.

Sendas Distribuidora Cuts Dividend

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ASAI. Jane Street Group LLC grew its position in Sendas Distribuidora by 184.3% during the third quarter. Jane Street Group LLC now owns 143,018 shares of the company's stock worth $2,307,000 after buying an additional 92,714 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Sendas Distribuidora in the third quarter valued at approximately $323,000. Banco BTG Pactual S.A. purchased a new stake in Sendas Distribuidora in the third quarter valued at approximately $1,263,000. BlackRock Inc. raised its stake in Sendas Distribuidora by 10.7% in the third quarter. BlackRock Inc. now owns 197,142 shares of the company's stock valued at $3,180,000 after purchasing an additional 19,070 shares in the last quarter. Finally, Royal London Asset Management Ltd. raised its stake in Sendas Distribuidora by 95.7% in the third quarter. Royal London Asset Management Ltd. now owns 11,504 shares of the company's stock valued at $186,000 after purchasing an additional 5,625 shares in the last quarter. Institutional investors own 4.45% of the company's stock.

About Sendas Distribuidora

(Get Rating)

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.

See Also

• Get a free copy of the StockNews.com research report on Sendas Distribuidora (ASAI)
• MarketBeat: Week in Review 01/02-01/06
• Why is the CrowdStrike Stock Price Struggling?
• Four Undervalued Healthcare Stocks for 2023
• WWE Stock: Vince McMahon Wants Back In The Show
• NVIDIA Is Bottoming But Don't Buy It Just Yet

Receive News & Ratings for Sendas Distribuidora Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sendas Distribuidora and related companies with MarketBeat.com's FREE daily email newsletter.