Sendas Distribuidora (NYSE:ASAI) Price Target Increased to $18.00 by Analysts at JPMorgan Chase & Co.

Sendas Distribuidora (NYSE:ASAI) had its price objective lifted by JPMorgan Chase & Co. from $17.00 to $18.00 in a research report sent to investors on Tuesday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Sendas Distribuidora Price Performance

Shares of ASAI opened at $8.82 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.77 and a debt-to-equity ratio of 4.10. Sendas Distribuidora has a twelve month low of $8.55 and a twelve month high of $15.25. The stock has a market capitalization of $2.38 billion, a P/E ratio of 16.64, a P/E/G ratio of 0.41 and a beta of 1.05. The company has a 50 day moving average of $10.66 and a 200-day moving average of $12.77.

Sendas Distribuidora (NYSE:ASAI) last announced its earnings results on Wednesday, April 24th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. Sendas Distribuidora had a net margin of 1.02% and a return on equity of 15.74%. The business had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.36 billion. As a group, equities research analysts forecast that Sendas Distribuidora will post 0.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Sendas Distribuidora

Several hedge funds have recently modified their holdings of ASAI. Tower Research Capital LLC TRC raised its holdings in 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 acquiring an additional 2,846 shares in the last quarter. SageView Advisory Group LLC acquired a new position in Sendas Distribuidora during the first quarter worth approximately $69,000. PNC Financial Services Group Inc. raised its stake in Sendas Distribuidora by 29.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,479 shares of the company’s stock valued at $103,000 after buying an additional 1,713 shares during the period. Jump Financial LLC acquired a new stake in shares of Sendas Distribuidora in the fourth quarter valued at approximately $143,000. Finally, Bayesian Capital Management LP acquired a new position in shares of Sendas Distribuidora during the 1st quarter worth approximately $160,000. Institutional investors own 8.76% of the company’s stock.

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.