Yesway, Inc. (NASDAQ:YSWY) Stock Rated “Moderate Buy” by Sell-Side Brokerages

by · The Cerbat Gem

Shares of Yesway, Inc. (NASDAQ:YSWY – Get Free Report) have been given an average recommendation of “Moderate Buy” by the eleven research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and three have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $29.62.

Several research analysts have recently issued reports on YSWY shares. William Blair began coverage on Yesway in a research note on Tuesday. They set an “outperform” rating for the company. Weiss Ratings initiated coverage on shares of Yesway in a research report on Thursday, July 16th. They issued a “sell (e)” rating on the stock. JPMorgan Chase & Co. increased their price objective on shares of Yesway from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, August 14th. Finally, Guggenheim restated a “buy” rating and set a $32.00 target price on shares of Yesway in a report on Thursday, September 17th.

Read Our Latest Report on YSWY

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of YSWY. Wellington Management Group LLP purchased a new stake in Yesway in the 2nd quarter valued at approximately $18,747,000. State Street Corp acquired a new stake in Yesway during the 2nd quarter valued at $4,437,000. Bank of New York Mellon Corp acquired a new stake in Yesway during the 2nd quarter valued at $869,000. Finally, Engineers Gate Manager LP purchased a new position in Yesway during the second quarter worth $675,000.

Yesway Price Performance

YSWY opened at $19.45 on Friday. Yesway has a 1-year low of $18.92 and a 1-year high of $29.08. The firm has a market cap of $1.23 billion and a PE ratio of 92.62. The stock has a 50 day moving average price of $22.43. The company has a current ratio of 1.48, a quick ratio of 0.91 and a debt-to-equity ratio of 0.45.

Yesway (NASDAQ:YSWY – Get Free Report) last posted its 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 revenue was up 35.9% on a year-over-year basis. Research analysts expect that Yesway will post 1.49 EPS for the current fiscal year.

About Yesway

(Get Free Report)

Yesway is a privately held American convenience-store operator that owns and operates stores under the Yesway and Allsup’s brands. The company’s locations serve motorists and local communities by offering fuel, prepared food, beverages, snacks, tobacco products, groceries, lottery products and other convenience items.

Founded in 2015, Yesway expanded through acquisitions, including its 2019 purchase of Allsup’s, a long-established convenience-store chain based in the Southwest. The company operates stores primarily across the central and southwestern United States, including Texas, New Mexico and other neighboring states.

Yesway is associated with Brookwood Financial Partners and is led by Chief Executive Officer Thomas Trkla.

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