Yesway, Inc. (NASDAQ:YSWY) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Yesway, Inc. (NASDAQ:YSWY) has received an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $29.62.

Several brokerages have weighed in on YSWY. Guggenheim reiterated a “buy” rating and issued a $32.00 price target on shares of Yesway in a report on Monday, October 5th. William Blair began coverage on Yesway in a report on Tuesday, September 22nd. They set an “outperform” rating on the stock. Zacks Research raised Yesway from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Weiss Ratings downgraded Yesway from a “sell (e)” rating to a “sell (e-)” rating in a research report on Thursday, September 24th. Finally, JPMorgan Chase & Co. upped their target price on Yesway from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, August 14th.

Institutional Trading of Yesway

Hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new position in shares of Yesway during the 3rd quarter valued at about $29,000. Engineers Gate Manager LP purchased a new position in shares of Yesway during the 2nd quarter worth about $675,000. Bank of New York Mellon Corp purchased a new position in shares of Yesway during the 2nd quarter worth about $869,000. State Street Corp acquired a new stake in shares of Yesway in the second quarter worth approximately $4,437,000. Finally, Wellington Management Group LLP purchased a new stake in Yesway in the second quarter valued at approximately $18,747,000.

Yesway Price Performance

NASDAQ:YSWY opened at $23.54 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.48 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average price of $22.52. Yesway has a 1-year low of $18.92 and a 1-year high of $29.08.

Yesway (NASDAQ:YSWY) last announced its earnings results on Thursday, August 13th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.14). The company had revenue of $920.77 million for the quarter. The business’s revenue for the quarter was up 35.9% on a year-over-year basis. As a group, research analysts expect that Yesway will post 1.50 EPS for the current year.

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.