Yesway, Inc. (NASDAQ:YSWY) Stock Has Average Price Target of $29.62 According to Analysts

Shares of Yesway, Inc. (NASDAQ:YSWY) have earned a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and four have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $29.62.

A number of research analysts have weighed in on YSWY shares. JPMorgan Chase & Co. lifted their price target 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. William Blair started coverage on shares of Yesway in a report on Tuesday, September 22nd. They set an “outperform” rating on the stock. Guggenheim reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Yesway in a research report on Monday, October 5th. Finally, Zacks Research raised shares of Yesway from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP bought a new position in shares of Yesway during the second quarter worth about $18,747,000. State Street Corp acquired a new stake in Yesway in the 2nd quarter valued at approximately $4,437,000. Bank of New York Mellon Corp bought a new stake in Yesway in the 2nd quarter valued at approximately $869,000. Engineers Gate Manager LP bought a new stake in Yesway in the 2nd quarter valued at approximately $675,000. Finally, State of Alaska Department of Revenue bought a new stake in Yesway in the 3rd quarter valued at approximately $29,000.

Yesway Price Performance

NASDAQ:YSWY opened at $24.69 on Monday. Yesway has a fifty-two week low of $18.92 and a fifty-two week high of $29.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.48 and a quick ratio of 0.91. The company has a market cap of $1.56 billion and a PE ratio of 117.57. The company’s 50-day simple moving average is $22.56.

Yesway (NASDAQ:YSWY) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.14). The company had revenue of $920.77 million during the quarter. Yesway’s revenue for the quarter was up 35.9% on a year-over-year basis. On average, research analysts expect that Yesway will post 1.50 earnings per share for the current year.

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.