Yesway (NASDAQ:YSWY) Shares Up 7.3% – Here’s What Happened

Yesway, Inc. (NASDAQ:YSWY)’s share price was up 7.3% on Thursday . The stock traded as high as $20.68 and last traded at $20.34. 161,949 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 524,560 shares. The stock had previously closed at $18.96.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on YSWY shares. BMO Capital Markets began coverage on Yesway in a research note on Monday, May 18th. They set an “outperform” rating and a $30.00 price objective for the company. KeyCorp started coverage on shares of Yesway in a research note on Monday, May 18th. They set an “overweight” rating and a $31.00 price objective for the company. Guggenheim reaffirmed a “buy” rating on shares of Yesway in a research report on Wednesday, June 3rd. Wall Street Zen upgraded shares of Yesway to a “hold” rating in a report on Saturday, April 25th. Finally, Morgan Stanley initiated coverage on Yesway in a research note on Monday, May 18th. They issued an “equal weight” rating and a $28.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.12.

Yesway Stock Up 7.6%

The company’s 50-day moving average price is $22.24.

About Yesway

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.