Yesway, Inc. (NASDAQ:YSWY) Stock Has Consensus Price Target of $29.62

Shares of Yesway, Inc. (NASDAQ:YSWY) have received an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and four have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $29.62.

A number of equities research analysts recently issued reports on YSWY shares. Guggenheim restated a “buy” rating and issued a $32.00 price objective on shares of Yesway in a research note on Monday, October 5th. JPMorgan Chase & Co. upped their price objective on shares of Yesway from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, August 14th. William Blair began coverage on shares of Yesway in a research report on Tuesday, September 22nd. They set an “outperform” rating for the company. Zacks Research upgraded shares of Yesway from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Weiss Ratings downgraded shares of Yesway from a “sell (e)” rating to a “sell (e-)” rating in a research note on Thursday, September 24th.

Institutional Trading of Yesway

A number of institutional investors have recently modified their holdings of YSWY. Engineers Gate Manager LP bought a new position in Yesway in the 2nd quarter worth approximately $675,000. Bank of New York Mellon Corp purchased a new position in Yesway in the 2nd quarter valued at approximately $869,000. State Street Corp purchased a new position in Yesway in the 2nd quarter valued at approximately $4,437,000. Finally, Wellington Management Group LLP purchased a new position in Yesway in the 2nd quarter valued at approximately $18,747,000.

Yesway Price Performance

Shares of NASDAQ YSWY opened at $21.51 on Thursday. Yesway has a one year low of $18.92 and a one year high of $29.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.48 and a quick ratio of 0.91. The company’s fifty day moving average price is $22.43. The stock has a market cap of $1.36 billion and a PE ratio of 102.43.

Yesway (NASDAQ:YSWY) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.14). The firm had revenue of $920.77 million during the quarter. The business’s quarterly revenue was up 35.9% on a year-over-year basis. As a group, equities analysts expect that Yesway will post 1.50 EPS for the current fiscal year.

Yesway Company Profile

Yesway is a U.S. convenience-store operator that serves customers through a network of locations under the Yesway and Allsup’s brands. Its stores are generally located in communities across the central and western United States and are designed to provide everyday convenience products and services.

The company’s stores typically offer fuel, packaged foods, snacks, beverages, tobacco products, grocery essentials and other convenience merchandise. Many locations also provide prepared foods and quick-service options, with offerings tailored to the markets they serve.

Yesway expanded its presence through the acquisition of Allsup’s in 2019, adding the long-established Allsup’s convenience-store and foodservice business to its operations.