Guggenheim Reaffirms “Buy” Rating for Yesway (NASDAQ:YSWY)

Yesway (NASDAQ:YSWY)‘s stock had its “buy” rating reaffirmed by stock analysts at Guggenheim in a report issued on Monday, Benzinga reports. They currently have a $32.00 price objective on the stock. Guggenheim’s price objective points to a potential upside of 58.02% from the stock’s current price.

Several other analysts also recently commented on the stock. William Blair initiated coverage on shares of Yesway in a report on Tuesday, September 22nd. They set an “outperform” rating for the company. JPMorgan Chase & Co. increased their price target on shares of Yesway from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Finally, Weiss Ratings downgraded shares of Yesway from a “sell (e)” rating to a “sell (e-)” rating in a research report on Thursday, September 24th. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and one has assigned a Sell 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 $29.62.

Yesway Price Performance

Shares of Yesway stock opened at $20.25 on Monday. The firm’s fifty day simple moving average is $22.44. Yesway has a 1 year low of $18.92 and a 1 year high of $29.08. The firm has a market cap of $1.28 billion and a P/E ratio of 96.43. The company has a quick ratio of 0.91, a current ratio of 1.48 and a debt-to-equity ratio of 0.45.

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 business had revenue of $920.77 million for the quarter. Yesway’s revenue for the quarter was up 35.9% on a year-over-year basis. As a group, equities analysts anticipate that Yesway will post 1.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Yesway

Several institutional investors and hedge funds have recently modified their holdings of YSWY. Wellington Management Group LLP bought a new position in Yesway during the second quarter worth about $18,747,000. State Street Corp bought a new stake in Yesway in the 2nd quarter valued at about $4,437,000. Bank of New York Mellon Corp acquired a new position in shares of Yesway during the 2nd quarter worth approximately $869,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Yesway during the 2nd quarter worth approximately $675,000.

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.