Yesway’s (NASDAQ:YSWY – Get Free Report) lock-up period will end on Monday, October 19th. Yesway had issued 14,000,000 shares in its public offering on April 22nd. The total size of the offering was $280,000,000 based on an initial share price of $20.00. After the expiration of Yesway’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.
Analyst Upgrades and Downgrades
YSWY has been the topic of several research reports. Weiss Ratings lowered shares of Yesway from a “sell (e)” rating to a “sell (e-)” rating in a report on Thursday, September 24th. William Blair began coverage on shares of Yesway in a research note on Tuesday, September 22nd. They issued an “outperform” rating for the company. JPMorgan Chase & Co. raised their target price on shares of Yesway from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. Finally, Guggenheim reaffirmed a “buy” rating and set a $32.00 target price on shares of Yesway in a research note on Monday, October 5th. Three equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.62.
Check Out Our Latest Report on Yesway
Yesway Stock Up 2.4%
Yesway (NASDAQ:YSWY – Get Free Report) last announced 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 firm had revenue of $920.77 million during the quarter. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. As a group, analysts expect that Yesway will post 1.50 EPS for the current fiscal year.
Institutional Investors Weigh In On Yesway
Several hedge funds have recently added to or reduced their stakes in YSWY. State Street Corp bought a new stake in Yesway during the 2nd quarter worth approximately $4,437,000. Engineers Gate Manager LP bought a new position in shares of Yesway during the second quarter valued at $675,000. Wellington Management Group LLP bought a new position in shares of Yesway during the second quarter valued at $18,747,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Yesway during the second quarter worth $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.
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