Yesway’s (YSWY) “Buy” Rating Reiterated at Guggenheim

Guggenheim reiterated their buy rating on shares of Yesway (NASDAQ:YSWY) in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a $32.00 price target on the stock.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. increased their target price 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 began coverage on shares of Yesway in a research note on Thursday, July 16th. They issued a “sell (e)” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.62.

Yesway Stock Down 1.7%

NASDAQ:YSWY opened at $21.40 on Thursday. 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 has a 12-month low of $18.92 and a 12-month high of $29.08. The business has a fifty day moving average of $22.46. The company has a market cap of $1.35 billion and a price-to-earnings ratio of 101.90.

Yesway (NASDAQ:YSWY) last released its earnings results on Thursday, August 13th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.14). The business had revenue of $920.77 million during the quarter. The firm’s revenue for the quarter was up 35.9% compared to the same quarter last year. As a group, equities research analysts expect that Yesway will post 1.49 earnings per share for the current year.

Institutional Inflows and Outflows

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

About Yesway

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.