Sendas Distribuidora (ASAI) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sendas Distribuidora in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" ASAI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ASAI, but not buy additional shares or sell existing shares.
View ASAI analyst ratings or view top-rated stocks.

Sendas Distribuidora's stock was trading at $18.31 at the beginning of 2023. Since then, ASAI stock has decreased by 30.3% and is now trading at $12.76.
View the best growth stocks for 2023 here.

Sendas Distribuidora saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,810,000 shares, a decline of 25.5% from the April 30th total of 2,430,000 shares. Based on an average daily trading volume, of 633,000 shares, the short-interest ratio is currently 2.9 days.
View Sendas Distribuidora's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, July 28th 2023.
View our ASAI earnings forecast.

Sendas Distribuidora announced a -- dividend on Monday, April 17th. Investors of record on Monday, May 1st will be paid a dividend of $0.0506 per share on Monday, July 3rd. This represents a yield of 1.1%. The ex-dividend date of this dividend is Friday, April 28th. This is a boost from the stock's previous -- dividend of $0.04.
Read our dividend analysis for ASAI.

Avantis Responsible Emerging Markets Equity ETF holds 4,660 shares of ASAI stock, representing 0.11% of its portfolio.

Sendas Distribuidora (NYSE:ASAI) pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.70%. The dividend payout ratio is 10.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASAI will have a dividend payout ratio of 6.84% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASAI.

Sendas Distribuidora trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASAI."

Sendas Distribuidora's stock is owned by a number of retail and institutional investors. Top institutional investors include Coronation Fund Managers Ltd. (2.38%), Orbis Allan Gray Ltd (1.47%), Soapstone Management L.P. (0.30%), Renaissance Technologies LLC (0.20%), Renaissance Group LLC (0.18%) and UBS Group AG (0.14%).

Shares of ASAI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of ASAI stock can currently be purchased for approximately $12.76.

Sendas Distribuidora (NYSE:ASAI) has a market capitalization of $3.45 billion and generates $10.56 billion in revenue each year. The company earns $236.31 million in net income (profit) each year or $0.78 on an earnings per share basis.

The company employs 73,898 workers across the globe.

The official website for the company is ri.assai.com.br. The company can be reached via phone at 55-11-3411-5042 or via email at ri.assai@assai.com.