Yesway, Inc. (NASDAQ:YSWY) Receives $29.62 Average Target Price from Brokerages

Yesway, Inc. (NASDAQ:YSWY) has received a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, two have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $29.6250.

YSWY has been the topic of a number of research analyst reports. Morgan Stanley initiated coverage on Yesway in a report on Monday, May 18th. They set an “equal weight” rating and a $28.00 price target on the stock. Zacks Research upgraded Yesway to a “hold” rating in a research report on Tuesday, May 19th. KeyCorp started coverage on Yesway in a research note on Monday, May 18th. They set an “overweight” rating and a $31.00 target price on the stock. Weiss Ratings assumed coverage on Yesway in a report on Thursday, July 16th. They issued a “sell (e)” rating on the stock. Finally, BMO Capital Markets started coverage on shares of Yesway in a research report on Monday, May 18th. They issued an “outperform” rating and a $30.00 price target for the company.

Institutional Investors Weigh In On Yesway

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YSWY. California State Teachers Retirement System acquired a new stake in shares of Yesway during the 2nd quarter valued at $90,000. Bank of New York Mellon Corp purchased a new position in shares of Yesway during the 2nd quarter valued at $869,000. Finally, Wellington Management Group LLP acquired a new position in shares of Yesway in the second quarter worth $18,747,000.

Yesway Stock Performance

NASDAQ YSWY opened at $24.31 on Wednesday. Yesway has a twelve month low of $18.92 and a twelve month high of $29.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.91 and a current ratio of 1.48. The stock has a market cap of $1.54 billion and a PE ratio of 115.76. The business’s 50 day moving average price is $21.79.

Yesway (NASDAQ:YSWY) last released its earnings results on Thursday, August 13th. The company reported $0.21 earnings per share (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 firm’s revenue was up 35.9% on a year-over-year basis. On average, research analysts forecast that Yesway will post 1.49 EPS for the current fiscal year.

Yesway Company Profile

Yesway, traded on NASDAQ under the ticker YSWY, is a U.S.-based convenience store and fuel retail company that operates retail locations under the Yesway brand. The company’s core business is the operation of neighborhood convenience stores that provide quick-purchase retail items, on-site prepared foods, beverages and other convenience merchandise. Many locations also feature fuel dispensing, making Yesway a combined convenience and gasoline retailer for everyday consumers and motorists.

Yesway’s stores focus on high-turnover product categories typical of the convenience-retail sector, including snacks, cold beverages, coffee, single-serve and prepared food offerings, and commonly purchased household items.