Yesway (NASDAQ:YSWY) Sets New 1-Year Low – Should You Sell?

Yesway, Inc. (NASDAQ:YSWY) shares reached a new 52-week low during trading on Thursday . The company traded as low as $19.56 and last traded at $19.56, with a volume of 85622 shares traded. The stock had previously closed at $20.26.

Analyst Ratings Changes

A number of research analysts have recently weighed in on YSWY shares. Wall Street Zen raised Yesway to a “hold” rating in a research note on Saturday, April 25th. JPMorgan Chase & Co. decreased their price objective on Yesway from $29.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. Morgan Stanley assumed coverage on Yesway in a report on Monday, May 18th. They issued an “equal weight” rating and a $28.00 price objective for the company. Raymond James Financial began coverage on Yesway in a research note on Monday, May 18th. They issued an “outperform” rating and a $30.00 target price on the stock. Finally, Guggenheim restated a “buy” rating on shares of Yesway in a report on Wednesday, June 3rd. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Yesway currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.12.

Yesway Stock 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.