Yesway (NASDAQ:YSWY) Shares Down 6.7% – Here’s What Happened

Yesway, Inc. (NASDAQ:YSWYGet Free Report)’s share price was down 6.7% during trading on Monday . The stock traded as low as $21.69 and last traded at $21.69. Approximately 136,995 shares traded hands during trading, a decline of 71% from the average daily volume of 466,463 shares. The stock had previously closed at $23.24.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on YSWY shares. Barclays started coverage on Yesway in a research report on Monday, May 18th. They set an “overweight” rating and a $31.00 target price for the company. Guggenheim restated a “buy” rating on shares of Yesway in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. cut their target price on Yesway from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. Wall Street Zen raised Yesway to a “hold” rating in a report on Saturday, April 25th. Finally, Zacks Research raised Yesway to a “hold” rating in a research note on Tuesday, May 19th. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Yesway presently has an average rating of “Moderate Buy” and a consensus target price of $29.13.

Get Our Latest Report on Yesway

Yesway Stock Down 4.0%

About Yesway

(Get Free Report)

Yesway, traded on NASDAQ under the ticker YSWY, is a U.S.-based convenience store and fuel retail company that operates retail locations under the Yesway brand. The company’s core business is the operation of neighborhood convenience stores that provide quick-purchase retail items, on-site prepared foods, beverages and other convenience merchandise. Many locations also feature fuel dispensing, making Yesway a combined convenience and gasoline retailer for everyday consumers and motorists.

Yesway’s stores focus on high-turnover product categories typical of the convenience-retail sector, including snacks, cold beverages, coffee, single-serve and prepared food offerings, and commonly purchased household items.

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