Yesway (NASDAQ:YSWY) Stock Rating Upgraded by Zacks Research

Yesway (NASDAQ:YSWY) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday, Zacks reports.

Several other brokerages also recently issued reports on YSWY. Guggenheim reissued a “buy” rating and set a $32.00 price objective on shares of Yesway in a research report on Monday, October 5th. JPMorgan Chase & Co. upped their price target on Yesway from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, August 14th. Weiss Ratings cut shares of Yesway from a “sell (e)” rating to a “sell (e-)” rating in a research note on Thursday, September 24th. Finally, William Blair started coverage on shares of Yesway in a report on Tuesday, September 22nd. They issued an “outperform” rating on the stock. Four research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.62.

Yesway Stock Performance

YSWY stock opened at $21.64 on Monday. The stock’s 50 day simple moving average is $22.43. Yesway has a fifty-two week low of $18.92 and a fifty-two week high of $29.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.48 and a quick ratio of 0.91.

Yesway (NASDAQ:YSWY) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.14). The company had revenue of $920.77 million for the quarter. The firm’s revenue was up 35.9% compared to the same quarter last year. Analysts forecast that Yesway will post 1.50 EPS for the current fiscal year.

Institutional Trading of Yesway

Several institutional investors and hedge funds have recently made changes to their positions in YSWY. Wellington Management Group LLP acquired a new position in shares of Yesway in the second quarter valued at approximately $18,747,000. State Street Corp purchased a new position in Yesway during the second quarter worth about $4,437,000. Bank of New York Mellon Corp acquired a new position in shares of Yesway during the 2nd quarter valued at about $869,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Yesway during the 2nd quarter worth about $675,000.

Yesway Company Profile

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.