Yesway (NASDAQ:YSWY) Trading 6% Higher – Here’s What Happened

Yesway, Inc. (NASDAQ:YSWY) shares were up 6% during mid-day trading on Wednesday . The company traded as high as $21.44 and last traded at $21.20. Approximately 89,388 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 469,046 shares. The stock had previously closed at $20.00.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on YSWY shares. Wall Street Zen upgraded Yesway to a “hold” rating in a research report on Saturday, April 25th. JPMorgan Chase & Co. started coverage on Yesway in a research report on Monday, May 18th. They issued a “neutral” rating and a $29.00 price target for the company. Raymond James Financial started coverage on Yesway in a research report on Monday, May 18th. They issued an “outperform” rating and a $30.00 price target for the company. Barclays started coverage on Yesway in a research report on Monday, May 18th. They issued an “overweight” rating and a $31.00 price target for the company. Finally, Guggenheim restated a “buy” rating on shares of Yesway in a research report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.63.

Yesway Price Performance

Yesway Company Profile

Yesway, traded on NASDAQ under the ticker YSWY, is a U.S.-based convenience store and fuel retail company that operates retail locations under the Yesway brand. The company’s core business is the operation of neighborhood convenience stores that provide quick-purchase retail items, on-site prepared foods, beverages and other convenience merchandise. Many locations also feature fuel dispensing, making Yesway a combined convenience and gasoline retailer for everyday consumers and motorists.

Yesway’s stores focus on high-turnover product categories typical of the convenience-retail sector, including snacks, cold beverages, coffee, single-serve and prepared food offerings, and commonly purchased household items.