Sendas Distribuidora (NYSE:ASAI) Shares Gap Up – Time to Buy?

Shares of Sendas Distribuidora S.A. (NYSE:ASAI) gapped up before the market opened on Monday . The stock had previously closed at $4.30, but opened at $4.58. Sendas Distribuidora shares last traded at $4.55, with a volume of 33,353 shares.

Wall Street Analyst Weigh In

ASAI has been the subject of several recent research reports. Bank of America lowered Sendas Distribuidora from a “buy” rating to a “neutral” rating and set a $9.10 price objective for the company. in a report on Friday, September 13th. Hsbc Global Res raised shares of Sendas Distribuidora to a “strong-buy” rating in a research report on Tuesday, September 24th.

Sendas Distribuidora Stock Up 2.0 %

The company has a debt-to-equity ratio of 4.15, a current ratio of 0.86 and a quick ratio of 0.43. The stock has a market capitalization of $1.27 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 0.44 and a beta of 0.95. The stock has a fifty day moving average price of $5.48 and a 200 day moving average price of $7.33.

Sendas Distribuidora Cuts Dividend

The business also recently announced a — dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, January 10th will be issued a dividend of $0.0488 per share. The ex-dividend date is Friday, January 10th. Sendas Distribuidora’s payout ratio is presently 8.70%.

Institutional Trading of Sendas Distribuidora

Several institutional investors and hedge funds have recently bought and sold shares of the company. Centiva Capital LP increased its holdings in shares of Sendas Distribuidora by 208.1% in the third quarter. Centiva Capital LP now owns 47,857 shares of the company’s stock worth $329,000 after purchasing an additional 32,326 shares during the period. Walleye Capital LLC purchased a new position in Sendas Distribuidora during the third quarter worth about $535,000. Ruane Cunniff & Goldfarb L.P. increased its stake in Sendas Distribuidora by 9.4% in the 3rd quarter. Ruane Cunniff & Goldfarb L.P. now owns 151,270 shares of the company’s stock worth $1,041,000 after acquiring an additional 12,988 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Sendas Distribuidora in the 3rd quarter valued at about $258,000. Finally, Signaturefd LLC boosted its position in shares of Sendas Distribuidora by 186.4% during the 3rd quarter. Signaturefd LLC now owns 10,091 shares of the company’s stock valued at $69,000 after acquiring an additional 6,567 shares during the last quarter. 8.76% of the stock is currently owned by hedge funds and other institutional investors.

Sendas Distribuidora Company Profile

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.