Yesway (NASDAQ:YSWY) Stock Falls 0.4% – What’s Next?

Yesway, Inc. (NASDAQ:YSWY) shares dropped 0.4% during trading on Thursday. The stock traded as low as $24.65 and last traded at $25.09. Approximately 236,731 shares were traded during mid-day trading, a decline of 6% from the average session volume of 251,665 shares. The stock had previously closed at $25.20.

Analysts Set New Price Targets

Several analysts have recently commented on YSWY shares. 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 research note on Friday, August 14th. Weiss Ratings cut Yesway from a “sell (e)” rating to a “sell (e-)” rating in a research note on Thursday, September 24th. William Blair began coverage on Yesway in a report on Tuesday, September 22nd. They set an “outperform” rating on the stock. Guggenheim reiterated a “buy” rating and issued a $32.00 price target on shares of Yesway in a report on Monday, October 5th. Finally, Zacks Research upgraded Yesway from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. Four equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.62.

Yesway Trading Down 0.4%

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 business’s 50 day simple moving average is $22.56. The stock has a market cap of $1.59 billion and a price-to-earnings ratio of 119.48.

Yesway (NASDAQ:YSWY) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.21 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 quarterly revenue was up 35.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Yesway, Inc. will post 1.50 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

Yesway Company Profile

Yesway is a U.S. convenience-store operator that provides fuel, food, beverages and everyday convenience products to consumers. Its stores typically offer gasoline and diesel, packaged snacks, tobacco products, beer and other beverages, grocery staples, prepared foods and other services commonly associated with neighborhood convenience retail.

Founded in 2015, Yesway has expanded through the development and acquisition of convenience-store locations. In 2019, the company acquired Allsup’s Convenience Stores, strengthening its presence in the Southwestern and Central United States.