Yesway (NASDAQ:YSWY) Cut to "Hold" at Zacks Research

Key Points

• Zacks Research downgraded Yesway from “strong buy” to “hold.” Across analysts, the stock retains a “Moderate Buy” consensus rating and an average price target of $29.62.
• Yesway reported quarterly EPS of $0.21, below the $0.35 consensus estimate, while revenue reached $920.77 million, up 35.9% year over year.

Yesway (NASDAQ:YSWY - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Several other research firms have also recently weighed in on YSWY. Weiss Ratings cut Yesway from a "sell (e)" rating to a "sell (e-)" rating in a research note on Thursday, September 24th. Guggenheim restated a "buy" rating and set a $32.00 price target on shares of Yesway in a report on Monday, October 5th. William Blair began coverage on shares of Yesway in a research report on Tuesday, September 22nd. They set an "outperform" rating on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Yesway from $25.00 to $27.00 and gave the company a "neutral" rating in a research report on Friday, August 14th. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Yesway presently has an average rating of "Moderate Buy" and an average target price of $29.62.

Yesway Stock Performance

NASDAQ YSWY opened at $25.65 on Tuesday. Yesway has a twelve month low of $18.92 and a twelve month high of $29.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.91 and a current ratio of 1.48. The stock has a market cap of $1.62 billion and a PE ratio of 122.14. The business's 50 day moving average price is $22.62.

Yesway (NASDAQ:YSWY - Get Free Report) last issued 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 firm's revenue for the quarter was up 35.9% compared to the same quarter last year. On average, research analysts forecast that Yesway will post 1.50 EPS for the current fiscal year.

Institutional Investors Weigh In On Yesway

Large investors have recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new position in Yesway during the third quarter valued at approximately $29,000. Royce & Associates LP increased its stake in shares of Yesway by 0.3% during the 3rd quarter. Royce & Associates LP now owns 1,498,952 shares of the company's stock worth $30,219,000 after purchasing an additional 5,003 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Yesway during the 2nd quarter valued at $675,000. Bank of New York Mellon Corp bought a new position in shares of Yesway during the 2nd quarter valued at $869,000. Finally, State Street Corp acquired a new stake in shares of Yesway in the 2nd quarter valued at $4,437,000.

Yesway Company Profile

Yesway is a convenience-store operator serving customers across the central and southwestern United States. Its stores sell fuel, beverages, snacks, grocery and household essentials, along with prepared foods and other convenience items. The company operates under the Yesway and Allsup's brands. Yesway was established in 2015, and its 2019 acquisition of Allsup's expanded its presence and added a long-running convenience-store brand known for its prepared food, including burritos. Yesway and Allsup's locations serve communities in states including Texas, New Mexico, Oklahoma, Kansas and Iowa, as well as other nearby markets.

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