Yesway’s (YSWY) Buy Rating Reiterated at Guggenheim

Guggenheim reiterated their buy rating on shares of Yesway (NASDAQ:YSWY) in a report released on Monday,Benzinga reports. Guggenheim currently has a $32.00 target price on the stock.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Yesway from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, August 14th. Weiss Ratings downgraded shares of Yesway from a “sell (e)” rating to a “sell (e-)” rating in a research report on Thursday, September 24th. Finally, William Blair began coverage on shares of Yesway in a research note on Tuesday, September 22nd. They issued an “outperform” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Yesway currently has an average rating of “Moderate Buy” and a consensus target price of $29.62.

Yesway Stock Up 1.1%

Shares of YSWY opened at $20.47 on Monday. The firm has a 50 day simple moving average of $22.44. Yesway has a 52-week low of $18.92 and a 52-week high of $29.08. The firm has a market cap of $1.29 billion and a price-to-earnings ratio of 97.48. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.91 and a current ratio of 1.48.

Yesway (NASDAQ:YSWY) last released its earnings results on Thursday, August 13th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.14). The firm had revenue of $920.77 million during the quarter. The business’s revenue was up 35.9% on a year-over-year basis. On average, equities analysts expect that Yesway will post 1.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Yesway

Hedge funds have recently added to or reduced their stakes in the business. State Street Corp acquired a new position in Yesway in the second quarter worth $4,437,000. Engineers Gate Manager LP acquired a new stake in shares of Yesway during the second quarter worth $675,000. Wellington Management Group LLP bought a new position in shares of Yesway in the 2nd quarter worth about $18,747,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Yesway in the 2nd quarter worth about $869,000.

About Yesway

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.