Yesway’s (YSWY) “Buy” Rating Reiterated at Guggenheim

Yesway (NASDAQ:YSWY)‘s stock had its “buy” rating reissued by analysts at Guggenheim in a report released on Thursday, Benzinga reports. They currently have a $32.00 target price on the stock. Guggenheim’s price target would indicate a potential upside of 47.19% from the company’s previous close.

YSWY has been the subject of several other reports. Weiss Ratings started coverage on shares of Yesway in a research note on Thursday, July 16th. They issued a “sell (e)” rating for the company. JPMorgan Chase & Co. raised their target price on Yesway from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.62.

Yesway Stock Down 2.0%

Yesway stock opened at $21.74 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.48 and a quick ratio of 0.91. Yesway has a 52 week low of $18.92 and a 52 week high of $29.08. The business’s 50-day moving average price is $22.41. The firm has a market capitalization of $1.37 billion and a P/E ratio of 103.52.

Yesway (NASDAQ:YSWY) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.14). The firm had revenue of $920.77 million for the quarter. The firm’s revenue was up 35.9% compared to the same quarter last year. Research analysts anticipate that Yesway will post 1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Yesway

Institutional investors have recently modified their holdings of the company. Wellington Management Group LLP acquired a new position in shares of Yesway in the second quarter worth $18,747,000. Bank of New York Mellon Corp purchased a new position in shares of Yesway in the 2nd quarter valued at $869,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Yesway during the second quarter worth about $675,000.

About Yesway

Yesway is a privately held American convenience-store operator that owns and operates stores under the Yesway and Allsup’s brands. The company’s locations serve motorists and local communities by offering fuel, prepared food, beverages, snacks, tobacco products, groceries, lottery products and other convenience items.

Founded in 2015, Yesway expanded through acquisitions, including its 2019 purchase of Allsup’s, a long-established convenience-store chain based in the Southwest. The company operates stores primarily across the central and southwestern United States, including Texas, New Mexico and other neighboring states.

Yesway is associated with Brookwood Financial Partners and is led by Chief Executive Officer Thomas Trkla.