Yesway, Inc. (NASDAQ:YSWY) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts give Yesway a “Moderate Buy” consensus from ten brokerages, with an average one-year price target of $29.63 versus the stock’s $21.40 opening price.
• Recent ratings were mixed: Guggenheim reiterated a buy rating with a $32 target, JPMorgan raised its target to $27 while maintaining a neutral view, and Weiss Ratings initiated coverage with a sell rating.
• Yesway reported quarterly EPS of $0.21, missing the $0.35 consensus estimate, although revenue increased 35.9% year over year to $920.77 million.

Yesway, Inc. (NASDAQ:YSWY - Get Free Report) has earned an average recommendation of "Moderate Buy" from the ten brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, two have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $29.6250.

Several analysts have recently commented on YSWY shares. JPMorgan Chase & Co. increased their target price on Yesway from $25.00 to $27.00 and gave the stock a "neutral" rating in a report on Friday, August 14th. Guggenheim reaffirmed a "buy" rating and issued a $32.00 price target on shares of Yesway in a report on Thursday. Finally, Weiss Ratings initiated coverage on shares of Yesway in a research report on Thursday, July 16th. They set a "sell (e)" rating on the stock.

Yesway Price Performance

Shares of YSWY opened at $21.40 on Friday. The firm has a market cap of $1.35 billion and a P/E ratio of 101.90. Yesway has a one year low of $18.92 and a one year high of $29.08. The stock has a 50 day simple moving average of $22.46. The company has a quick ratio of 0.91, a current ratio of 1.48 and a debt-to-equity ratio of 0.45.

Yesway (NASDAQ:YSWY - Get Free Report) last released its quarterly earnings results 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 during the quarter. The company's revenue for the quarter was up 35.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Yesway will post 1.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Yesway

A number of large investors have recently modified their holdings of YSWY. Wellington Management Group LLP bought a new stake in shares of Yesway during the second quarter valued at approximately $18,747,000. Bank of New York Mellon Corp acquired a new position in Yesway during the 2nd quarter worth $869,000. Finally, Engineers Gate Manager LP acquired a new position in Yesway during the 2nd quarter worth $675,000.

Yesway Company Profile

Yesway is a privately held American convenience-store operator that owns and operates stores under the Yesway and Allsup's brands. The company's locations serve motorists and local communities by offering fuel, prepared food, beverages, snacks, tobacco products, groceries, lottery products and other convenience items.

Founded in 2015, Yesway expanded through acquisitions, including its 2019 purchase of Allsup's, a long-established convenience-store chain based in the Southwest. The company operates stores primarily across the central and southwestern United States, including Texas, New Mexico and other neighboring states.

Yesway is associated with Brookwood Financial Partners and is led by Chief Executive Officer Thomas Trkla.

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