Guggenheim reaffirmed their buy rating on shares of Yesway (NASDAQ:YSWY – Free Report) in a research note published on Monday,Benzinga reports. Guggenheim currently has a $32.00 price objective on the stock.
Several other equities analysts also recently commented on the company. JPMorgan Chase & Co. upped their price objective on Yesway from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. Weiss Ratings downgraded Yesway from a “sell (e)” rating to a “sell (e-)” rating in a research report on Thursday, September 24th. Finally, William Blair initiated coverage on shares of Yesway in a research report on Tuesday, September 22nd. They set an “outperform” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.62.
View Our Latest Research Report on Yesway
Yesway Price Performance
Yesway (NASDAQ:YSWY – Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $920.77 million during the quarter. The firm’s revenue was up 35.9% on a year-over-year basis. Equities research analysts expect that Yesway will post 1.5 EPS for the current fiscal year.
Institutional Investors Weigh In On Yesway
Institutional investors have recently added to or reduced their stakes in the business. State Street Corp acquired a new stake in shares of Yesway during the second quarter worth $4,437,000. Engineers Gate Manager LP purchased a new position in Yesway in the 2nd quarter worth $675,000. Wellington Management Group LLP acquired a new stake in Yesway during the 2nd quarter worth about $18,747,000. Finally, Bank of New York Mellon Corp acquired a new stake in Yesway during the 2nd quarter worth about $869,000.
About Yesway
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.
See Also
- Five stocks we like better than Yesway
- NVIDIA’s Record High Raises a Bigger Question About How Far the Rally Can Run
- A Manufacturing Surprise Could Be a Big Win for These 2 Companies
- What a $1 Billion Chip Deal Says About Amazon’s AI Ambitions
- 3 Stocks Benefiting From AI Demand Just Announced Major Buybacks
Receive News & Ratings for Yesway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yesway and related companies with MarketBeat.com's FREE daily email newsletter.
