Yesway (NASDAQ:YSWY) Stock Keeps Buy Rating at Guggenheim

Yesway (NASDAQ:YSWY)‘s stock had its “buy” rating restated by equities research analysts at Guggenheim in a research note issued on Monday, Benzinga reports. They presently have a $32.00 price target on the stock. Guggenheim’s target price would indicate a potential upside of 56.48% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. William Blair initiated coverage on shares of Yesway in a research note on Tuesday, September 22nd. They issued an “outperform” rating on the stock. Weiss Ratings lowered 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 price objective on Yesway from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Three research 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.63.

Yesway Trading Up 1.0%

Yesway stock traded up $0.20 during mid-day trading on Monday, hitting $20.45. The stock had a trading volume of 138,948 shares, compared to its average volume of 429,830. The firm’s 50-day moving average is $22.44. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.48 and a quick ratio of 0.91. The firm has a market cap of $1.29 billion and a PE ratio of 97.38. Yesway has a 12 month low of $18.92 and a 12 month high of $29.08.

Yesway (NASDAQ:YSWY) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.14). The business had revenue of $920.77 million during the quarter. The company’s quarterly revenue was up 35.9% compared to the same quarter last year. Sell-side analysts expect that Yesway will post 1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

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.