Sendas Distribuidora (NYSE:ASAI) Shares Down 5.1%

Sendas Distribuidora S.A. (NYSE:ASAI - Get Free Report) dropped 5.1% during trading on Tuesday . The company traded as low as $12.60 and last traded at $12.60. Approximately 22,008 shares changed hands during trading, a decline of 93% from the average daily volume of 318,296 shares. The stock had previously closed at $13.28.

Sendas Distribuidora Stock Down 6.9 %

The company has a market capitalization of $3.34 billion, a P/E ratio of 23.33, a PEG ratio of 0.68 and a beta of 1.12. The company has a debt-to-equity ratio of 4.69, a quick ratio of 0.48 and a current ratio of 0.89. The stock has a 50 day moving average price of $14.24 and a 200 day moving average price of $13.38.

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

Institutional Investors Weigh In On Sendas Distribuidora

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASAI. Ronald Blue Trust Inc. purchased a new position in Sendas Distribuidora during the 3rd quarter valued at about $35,000. FMR LLC grew its holdings in shares of Sendas Distribuidora by 64.5% during the second quarter. FMR LLC now owns 2,865 shares of the company's stock worth $39,000 after purchasing an additional 1,123 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Sendas Distribuidora by 535.0% during the fourth 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 in the last quarter. Quantbot Technologies LP purchased a new position in shares of Sendas Distribuidora during the third quarter worth about $52,000. Finally, PNC Financial Services Group Inc. boosted its stake in Sendas Distribuidora by 1,254.8% in the second quarter. PNC Financial Services Group Inc. now owns 4,227 shares of the company's stock worth $61,000 after buying an additional 3,915 shares in the last quarter. 8.76% of the stock is currently owned by institutional investors.

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.