Yesway (NASDAQ:YSWY) Stock Keeps Buy Rating at Guggenheim

Key Points

• Guggenheim reiterated its “buy” rating on Yesway and set a $32 price target, implying 55.87% upside from the prior close.
• Analyst sentiment remains positive overall, with MarketBeat reporting a consensus “Moderate Buy” rating and an average price target of $29.63.
• Yesway’s latest quarterly results included 35.9% year-over-year revenue growth to $920.77 million, although earnings per share of $0.21 fell short of the $0.35 consensus estimate.

Yesway (NASDAQ:YSWY - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Guggenheim in a note issued to investors on Monday, Benzinga reports. They currently have a $32.00 target price on the stock. Guggenheim's price target would suggest a potential upside of 55.87% from the company's previous close.

A number of other research firms have also weighed in on YSWY. JPMorgan Chase & Co. lifted 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. William Blair initiated coverage on Yesway in a report on Tuesday, September 22nd. They issued an "outperform" rating for the company. Finally, Weiss Ratings downgraded Yesway from a "sell (e)" rating to a "sell (e-)" rating in a report on Thursday, September 24th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $29.63.

Yesway Stock Performance

Shares of YSWY opened at $20.53 on Monday. The company has a current ratio of 1.48, a quick ratio of 0.91 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $1.30 billion and a price-to-earnings ratio of 97.76. The business's 50 day simple moving average is $22.41. Yesway has a 12-month low of $18.92 and a 12-month high of $29.08.

Yesway (NASDAQ:YSWY - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.14). The company had revenue of $920.77 million for the quarter. Yesway's revenue was up 35.9% on a year-over-year basis. As a group, equities research analysts forecast that Yesway will post 1.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Yesway

Several hedge funds have recently made changes to their positions in YSWY. State Street Corp purchased a new position in shares of Yesway in the second quarter valued at $4,437,000. Engineers Gate Manager LP bought a new stake in Yesway during the second quarter worth about $675,000. Wellington Management Group LLP bought a new stake in shares of Yesway in the 2nd quarter valued at about $18,747,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Yesway in the 2nd quarter valued at about $869,000.

Yesway Company Profile

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.