Shares of Sendas Distribuidora S.A. (NYSE:ASAI – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $8.78, but opened at $9.25. Sendas Distribuidora shares last traded at $9.28, with a volume of 52,625 shares trading hands.
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. raised shares of Sendas Distribuidora from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $15.00 to $17.00 in a research note on Tuesday, April 23rd.
Get Our Latest Stock Report on Sendas Distribuidora
Sendas Distribuidora Stock Up 5.5 %
Sendas Distribuidora (NYSE:ASAI – Get Free Report) last announced its earnings results on Wednesday, April 24th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. Sendas Distribuidora had a net margin of 1.02% and a return on equity of 15.74%. The firm had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.36 billion. On average, sell-side analysts predict that Sendas Distribuidora S.A. will post 0.58 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its stake in shares of Sendas Distribuidora by 36.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,766 shares of the company’s stock valued at $70,000 after acquiring an additional 1,539 shares during the last quarter. HBK Sorce Advisory LLC grew its holdings in shares of Sendas Distribuidora by 16.1% during the 4th quarter. HBK Sorce Advisory LLC now owns 12,741 shares of the company’s stock worth $176,000 after purchasing an additional 1,769 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Sendas Distribuidora by 535.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,378 shares of the company’s stock worth $47,000 after purchasing an additional 2,846 shares during the period. SageView Advisory Group LLC purchased a new stake in shares of Sendas Distribuidora during the 1st quarter worth about $69,000. Finally, Ruane Cunniff & Goldfarb L.P. grew its holdings in shares of Sendas Distribuidora by 4.6% during the 3rd quarter. Ruane Cunniff & Goldfarb L.P. now owns 145,705 shares of the company’s stock worth $1,775,000 after purchasing an additional 6,378 shares during the period. Institutional investors and hedge funds own 8.76% of the company’s stock.
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.
See Also
- Five stocks we like better than Sendas Distribuidora
- What is Forex and How Does it Work?
- Clarivate: The Cheapest AI Stock Worth Buying?
- Canadian Penny Stocks: Can They Make You Rich?
- Survey: America’s Top 100 Hidden Gem Cities for Startups
- Basic Materials Stocks Investing
- The Meaning Behind Short Interest: Beyond the Short Squeeze Hype
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.