Zacks Research cut shares of Yesway (NASDAQ:YSWY – Free Report) from a strong-buy rating to a hold rating in a research report released on Tuesday morning,Zacks reports.
Several other research analysts have also issued reports on the company. Guggenheim reissued a “buy” rating and issued a $32.00 target price on shares of Yesway in a research report on Monday, October 5th. William Blair assumed coverage on Yesway in a research report on Tuesday, September 22nd. They set an “outperform” rating on the stock. JPMorgan Chase & Co. lifted their price target on Yesway from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. Finally, Weiss Ratings cut Yesway from a “sell (e)” rating to a “sell (e-)” rating in a research note on Thursday, September 24th. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $29.62.
View Our Latest Stock Report on YSWY
Yesway Price Performance
YSWY opened at $25.65 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 0.91 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average is $22.62. The company has a market cap of $1.62 billion and a price-to-earnings ratio of 122.14. Yesway has a 1 year low of $18.92 and a 1 year high of $29.08.
Yesway (NASDAQ:YSWY – Get Free Report) 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 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. As a group, sell-side analysts anticipate that Yesway will post 1.50 EPS for the current year.
Institutional Trading of Yesway
Several large investors have recently modified their holdings of YSWY. State of Alaska Department of Revenue bought a new position in Yesway in the third quarter valued at about $29,000. Engineers Gate Manager LP purchased a new stake in shares of Yesway during the 2nd quarter valued at about $675,000. Bank of New York Mellon Corp purchased a new stake in shares of Yesway during the 2nd quarter valued at about $869,000. State Street Corp purchased a new stake in shares of Yesway during the 2nd quarter valued at about $4,437,000. Finally, Wellington Management Group LLP bought a new position in shares of Yesway in the 2nd quarter worth approximately $18,747,000.
Yesway Company Profile
Yesway is a convenience-store operator serving customers across the central and southwestern United States. Its stores sell fuel, beverages, snacks, grocery and household essentials, along with prepared foods and other convenience items. The company operates under the Yesway and Allsup’s brands. Yesway was established in 2015, and its 2019 acquisition of Allsup’s expanded its presence and added a long-running convenience-store brand known for its prepared food, including burritos. Yesway and Allsup’s locations serve communities in states including Texas, New Mexico, Oklahoma, Kansas and Iowa, as well as other nearby markets.
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