Brokerages Set Yesway, Inc. (NASDAQ:YSWY) PT at $29.62

Yesway, Inc. (NASDAQ:YSWY) has been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, three have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $29.6250.

YSWY has been the subject of a number of analyst reports. Weiss Ratings began coverage on Yesway in a research report on Thursday, July 16th. They set a “sell (e)” rating for the company. JPMorgan Chase & Co. upped their target price on Yesway from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, August 14th. William Blair began coverage on shares of Yesway in a research report on Tuesday. They set an “outperform” rating for the company. Finally, Guggenheim restated a “buy” rating and set a $32.00 price target on shares of Yesway in a report on Thursday, September 17th.

Hedge Funds Weigh In On Yesway

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

Yesway Trading Down 2.0%

Shares of Yesway stock opened at $20.00 on Friday. The stock’s 50 day moving average price is $22.44. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.91 and a current ratio of 1.48. Yesway has a 1-year low of $18.92 and a 1-year high of $29.08. The company has a market cap of $1.26 billion and a P/E ratio of 95.24.

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

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.