Shares of Sendas Distribuidora S.A. (NYSE:ASAI – Get Rating) gapped down before the market opened on Friday . The stock had previously closed at $19.41, but opened at $18.98. Sendas Distribuidora shares last traded at $19.06, with a volume of 1,469 shares trading hands.

Sendas Distribuidora Stock Performance

The business has a 50-day moving average of $18.57 and a two-hundred day moving average of $17.52. The company has a debt-to-equity ratio of 5.10, a quick ratio of 0.46 and a current ratio of 0.91.

Sendas Distribuidora (NYSE:ASAI – Get Rating) last issued its quarterly earnings data 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 the consensus estimate of $543.73 million. On average, equities analysts anticipate that Sendas Distribuidora S.A. will post 0.79 earnings per share for the current fiscal year.

Sendas Distribuidora Cuts Dividend

Institutional Investors Weigh In On Sendas Distribuidora

Several institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in Sendas Distribuidora by 64.5% in the second quarter. FMR LLC now owns 2,865 shares of the company's stock worth $39,000 after acquiring an additional 1,123 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Sendas Distribuidora by 2.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 49,044 shares of the company's stock worth $792,000 after acquiring an additional 1,243 shares in the last quarter. Ruane Cunniff & Goldfarb L.P. boosted its holdings in Sendas Distribuidora by 1.6% in the first quarter. Ruane Cunniff & Goldfarb L.P. now owns 98,082 shares of the company's stock worth $1,685,000 after acquiring an additional 1,557 shares in the last quarter. Jane Street Group LLC boosted its holdings in Sendas Distribuidora by 3.7% in the first quarter. Jane Street Group LLC now owns 71,784 shares of the company's stock worth $1,233,000 after acquiring an additional 2,551 shares in the last quarter. Finally, Eagle Bay Advisors LLC purchased a new position in shares of Sendas Distribuidora in the second quarter worth about $45,000. Institutional investors and hedge funds 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.

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