Yesway (NASDAQ:YSWY) Trading Up 7.3% – Here’s Why

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Morgan Stanley assumed coverage on Yesway in a research report on Monday, May 18th. They issued an “equal weight” rating and a $28.00 target price for the company. BMO Capital Markets initiated coverage on shares of Yesway in a research note on Monday, May 18th. They issued an “outperform” rating and a $30.00 price objective for the company. Guggenheim reaffirmed a “buy” rating on shares of Yesway in a research note on Wednesday, June 3rd. KeyCorp initiated coverage on shares of Yesway in a report on Monday, May 18th. They set an “overweight” rating and a $31.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on Yesway from $29.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $29.12.

Yesway Trading Up 3.0%

The company’s 50-day moving average price is $22.01.

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.