Companhia Brasileira De Distribuicao (NYSE:CBD) Shares Gap Up to $3.02

Posted by Defense World Staff on Apr 23rd, 2023

Shares of Companhia Brasileira De Distribuicao (NYSE:CBD – Get Rating) gapped up prior to trading on Friday . The stock had previously closed at $3.02, but opened at $3.17. Companhia Brasileira De Distribuicao shares last traded at $3.06, with a volume of 254,711 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Companhia Brasileira De Distribuicao in a report on Thursday, March 16th. They set a “hold” rating for the company.

Companhia Brasileira De Distribuicao Stock Performance

The stock has a market capitalization of $821.82 million, a PE ratio of 11.30 and a beta of 1.08. The business has a 50 day moving average price of $2.96 and a 200 day moving average price of $3.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.61 and a quick ratio of 1.49.

Institutional Investors Weigh In On Companhia Brasileira De Distribuicao

Institutional investors have recently modified their holdings of the stock. Confluence Investment Management LLC boosted its position in shares of Companhia Brasileira De Distribuicao by 14.3% during the first quarter. Confluence Investment Management LLC now owns 55,417 shares of the company’s stock valued at $163,000 after buying an additional 6,943 shares during the last quarter. Jane Street Group LLC boosted its position in Companhia Brasileira De Distribuicao by 57.2% in the fourth quarter. Jane Street Group LLC now owns 400,448 shares of the company’s stock worth $1,241,000 after purchasing an additional 145,753 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Companhia Brasileira De Distribuicao in the fourth quarter worth about $128,000. Millennium Management LLC purchased a new position in Companhia Brasileira De Distribuicao in the fourth quarter worth about $35,000. Finally, Two Sigma Investments LP boosted its position in Companhia Brasileira De Distribuicao by 120.0% in the fourth quarter. Two Sigma Investments LP now owns 141,445 shares of the company’s stock worth $438,000 after purchasing an additional 77,138 shares during the last quarter. 5.05% of the stock is owned by hedge funds and other institutional investors.

Companhia Brasileira De Distribuicao Company Profile

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Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, and other products through its chain of hypermarkets and supermarkets. It operates through the Food Retail, and Cash and Carry segments. The Food Retail segment sells food and non-food products to individual consumers.