Yesway (NASDAQ:YSWY) Trading Down 7.8% – Should You Sell?

Yesway, Inc. (NASDAQ:YSWY)’s share price fell 7.8% on Wednesday . The company traded as low as $21.00 and last traded at $21.05. 131,514 shares were traded during mid-day trading, a decline of 71% from the average session volume of 459,158 shares. The stock had previously closed at $22.83.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on YSWY. JPMorgan Chase & Co. began coverage on shares of Yesway in a research report on Monday, May 18th. They issued a “neutral” rating and a $29.00 price objective for the company. Barclays began coverage on shares of Yesway in a research report on Monday, May 18th. They set an “overweight” rating and a $31.00 price objective on the stock. Wall Street Zen raised shares of Yesway to a “hold” rating in a report on Saturday, April 25th. The Goldman Sachs Group started coverage on shares of Yesway in a research note on Monday, May 18th. They issued a “neutral” rating and a $28.00 target price on the stock. Finally, Raymond James Financial initiated coverage on shares of Yesway in a research note on Monday, May 18th. They issued an “outperform” rating and a $30.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.63.

Yesway Trading Up 2.7%

About Yesway

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.