HSBC upgraded shares of Sendas Distribuidora (NYSE:ASAI) from a hold rating to a buy rating in a research note released on Monday, The Fly reports.
Separately, Zacks Investment Research downgraded Sendas Distribuidora from a hold rating to a sell rating in a research note on Wednesday, January 5th.
Shares of ASAI stock opened at $11.64 on Monday. Sendas Distribuidora has a 1-year low of $9.73 and a 1-year high of $18.55. The company has a current ratio of 0.97, a quick ratio of 0.48 and a debt-to-equity ratio of 3.71. The stock’s fifty day simple moving average is $11.72 and its 200-day simple moving average is $14.75.
Sendas Distribuidora (NYSE:ASAI) last issued its earnings results on Thursday, October 28th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.55. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $382.28 million. Equities analysts predict that Sendas Distribuidora will post 0.16 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of ASAI. Morgan Stanley boosted its stake in shares of Sendas Distribuidora by 403.7% during the 2nd quarter. Morgan Stanley now owns 780,775 shares of the company’s stock worth $13,351,000 after acquiring an additional 625,765 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Sendas Distribuidora during the second quarter valued at approximately $5,472,000. Jane Street Group LLC grew its holdings in Sendas Distribuidora by 40.1% during the third quarter. Jane Street Group LLC now owns 948,399 shares of the company’s stock valued at $16,531,000 after purchasing an additional 271,390 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in Sendas Distribuidora during the second quarter valued at approximately $2,779,000. Finally, Marshall Wace LLP acquired a new position in Sendas Distribuidora during the second quarter valued at approximately $715,000. Hedge funds and other institutional investors own 5.20% of the company’s stock.
Sendas Distribuidora Company Profile
Sendas Distribuidora SA engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. As of April 22, 2021, the company operated 185 stores under the Assaà banner, as well as 10 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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