Yesway, Inc. (NASDAQ:YSWY – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, three have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $29.62.
A number of research analysts have commented on the company. Weiss Ratings downgraded Yesway from a “sell (e)” rating to a “sell (e-)” rating in a research note on Thursday, September 24th. William Blair began coverage on Yesway in a research note on Tuesday, September 22nd. They set an “outperform” rating for the company. JPMorgan Chase & Co. boosted their price target on Yesway from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, August 14th. Guggenheim reaffirmed a “buy” rating and set a $32.00 price objective on shares of Yesway in a research report on Monday, October 5th. Finally, Zacks Research upgraded shares of Yesway from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th.
Check Out Our Latest Research Report on YSWY
Institutional Investors Weigh In On Yesway
Several large investors have recently made changes to their positions in the company. Wellington Management Group LLP bought a new position in Yesway during the 2nd quarter valued at about $18,747,000. State Street Corp bought a new position in Yesway in the 2nd quarter valued at $4,437,000. Bank of New York Mellon Corp bought a new position in Yesway in the 2nd quarter valued at $869,000. Engineers Gate Manager LP acquired a new position in Yesway in the second quarter worth $675,000. Finally, State of Alaska Department of Revenue acquired a new position in Yesway in the third quarter worth $29,000.
Yesway Stock Performance
Yesway stock opened at $23.26 on Thursday. Yesway has a twelve month low of $18.92 and a twelve month high of $29.08. 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 firm has a market cap of $1.47 billion and a price-to-earnings ratio of 110.76. The company has a 50 day moving average of $22.60.
Yesway (NASDAQ:YSWY – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.14). The firm had revenue of $920.77 million for the quarter. The business’s revenue was up 35.9% on a year-over-year basis. Equities analysts anticipate that Yesway will post 1.50 EPS for the current fiscal year.
About Yesway
Yesway is a U.S. convenience-store operator that provides fuel, food, beverages and everyday convenience products to consumers. Its stores typically offer gasoline and diesel, packaged snacks, tobacco products, beer and other beverages, grocery staples, prepared foods and other services commonly associated with neighborhood convenience retail.
Founded in 2015, Yesway has expanded through the development and acquisition of convenience-store locations. In 2019, the company acquired Allsup’s Convenience Stores, strengthening its presence in the Southwestern and Central United States.
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