Sendas Distribuidora (NYSE:ASAI) Trading Up 3.1%

Shares of Sendas Distribuidora S.A. (NYSE:ASAI) traded up 3.1% during mid-day trading on Friday . The company traded as high as $12.93 and last traded at $12.93. 22,335 shares were traded during trading, a decline of 93% from the average session volume of 320,812 shares. The stock had previously closed at $12.54.

Sendas Distribuidora Price Performance

The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 0.61 and a beta of 1.12. The company has a debt-to-equity ratio of 4.69, a current ratio of 0.89 and a quick ratio of 0.48. The stock’s fifty day moving average price is $14.15 and its 200-day moving average price is $13.37.

Sendas Distribuidora (NYSE:ASAI) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.98 billion. Sendas Distribuidora had a net margin of 1.07% and a return on equity of 16.78%. Equities research analysts predict that Sendas Distribuidora S.A. will post 0.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ASAI. Raymond James & Associates acquired a new position in Sendas Distribuidora in the 1st quarter valued at approximately $584,000. American Century Companies Inc. grew its position in Sendas Distribuidora by 15.6% in the first quarter. American Century Companies Inc. now owns 54,597 shares of the company’s stock worth $938,000 after acquiring an additional 7,368 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Sendas Distribuidora by 9.0% in the first quarter. Dimensional Fund Advisors LP now owns 108,752 shares of the company’s stock worth $1,868,000 after acquiring an additional 9,002 shares in the last quarter. Ruane Cunniff & Goldfarb L.P. grew its position 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. Finally, Renaissance Group LLC bought a new stake in Sendas Distribuidora in the first quarter worth approximately $1,583,000. 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.