Yesway (NASDAQ:YSWY) Trading Up 6.8% – Should You Buy?

Yesway, Inc. (NASDAQ:YSWY)’s share price was up 6.8% on Wednesday . The company traded as high as $23.79 and last traded at $23.76. Approximately 345,879 shares were traded during trading, a decline of 25% from the average daily volume of 461,761 shares. The stock had previously closed at $22.24.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wall Street Zen upgraded shares of Yesway to a “hold” rating in a report on Saturday, April 25th. Guggenheim restated a “buy” rating on shares of Yesway in a report on Wednesday, June 3rd. Barclays assumed coverage on shares of Yesway in a report on Monday, May 18th. They issued an “overweight” rating and a $31.00 price objective for the company. Raymond James Financial assumed coverage on shares of Yesway in a report on Monday, May 18th. They issued an “outperform” rating and a $30.00 price objective for the company. Finally, Zacks Research upgraded shares of Yesway to a “hold” rating in a report on Tuesday, May 19th. Three equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.13.

Yesway Price Performance

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.