Yesway (NASDAQ:YSWY) Stock Price Down 0.4% – What’s Next?

Yesway, Inc. (NASDAQ:YSWY) traded down 0.4% during mid-day trading on Thursday. The company traded as low as $24.65 and last traded at $25.09. 236,731 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 251,665 shares. The stock had previously closed at $25.20.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on YSWY shares. Weiss Ratings cut Yesway from a “sell (e)” rating to a “sell (e-)” rating in a research note on Thursday, September 24th. William Blair started coverage on Yesway in a report on Tuesday, September 22nd. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. raised their target price on Yesway from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Zacks Research upgraded Yesway from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $32.00 target price on shares of Yesway in a research report on Monday, October 5th. Four equities 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 assigned a Sell rating to the company. According to MarketBeat.com, Yesway presently has an average rating of “Moderate Buy” and an average target price of $29.62.

Yesway Trading Down 1.6%

The company has a quick ratio of 0.91, a current ratio of 1.48 and a debt-to-equity ratio of 0.45. The firm has a market cap of $1.56 billion and a P/E ratio of 117.57. The business has a fifty day moving average of $22.56.

Yesway (NASDAQ:YSWY) last posted its quarterly 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 business had revenue of $920.77 million for the quarter. Yesway’s revenue for the quarter was up 35.9% on a year-over-year basis. On average, analysts anticipate that Yesway, Inc. will post 1.50 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new stake in Yesway in the 3rd quarter valued at about $29,000. Engineers Gate Manager LP acquired a new position in shares of Yesway during the second quarter worth about $675,000. Bank of New York Mellon Corp acquired a new position in shares of Yesway during the second quarter worth about $869,000. State Street Corp purchased a new stake in shares of Yesway during the second quarter worth approximately $4,437,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Yesway during the second quarter worth approximately $18,747,000.

Yesway Company Profile

Yesway is a U.S. convenience-store operator that provides fuel, food, beverages and everyday convenience products to consumers. Its stores typically offer gasoline and diesel, packaged snacks, tobacco products, beer and other beverages, grocery staples, prepared foods and other services commonly associated with neighborhood convenience retail.

Founded in 2015, Yesway has expanded through the development and acquisition of convenience-store locations. In 2019, the company acquired Allsup’s Convenience Stores, strengthening its presence in the Southwestern and Central United States.