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

Key Points

• Analysts give Yesway a “Moderate Buy” consensus, with three strong-buy, two buy, four hold and one sell rating. The average 12-month price target is $29.63, above the reported $24.91 share price.
• Recent coverage includes bullish ratings from KeyCorp and Guggenheim, while Morgan Stanley, Goldman Sachs and JPMorgan issued neutral or equal-weight views. Wellington Management also purchased approximately $18.7 million of Yesway shares.
• Yesway’s quarterly revenue increased 35.9% year over year to $920.77 million, but adjusted earnings of $0.21 per share missed the $0.35 consensus estimate. The stock carries a high reported P/E ratio of 118.62.

Yesway, Inc. (NASDAQ:YSWY - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the ten research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and three have issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $29.6250.

YSWY has been the subject of a number of research reports. Morgan Stanley assumed coverage on shares of Yesway in a research note on Monday, May 18th. They issued an "equal weight" rating and a $28.00 price target for the company. KeyCorp assumed coverage on Yesway in a research report on Monday, May 18th. They set an "overweight" rating and a $31.00 price objective on the stock. JPMorgan Chase & Co. upped 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. The Goldman Sachs Group started coverage on Yesway in a research note on Monday, May 18th. They issued a "neutral" rating and a $28.00 target price for the company. Finally, Guggenheim lifted their price target on Yesway from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Monday, August 17th.

Institutional Trading of Yesway

A number of hedge funds have recently modified their holdings of the business. California State Teachers Retirement System purchased a new stake in shares of Yesway in the 2nd quarter worth about $90,000. Bank of New York Mellon Corp bought a new position in shares of Yesway in the 2nd quarter worth about $869,000. Finally, Wellington Management Group LLP purchased a new position in Yesway during the 2nd quarter valued at about $18,747,000.

Yesway Stock Down 2.0%

NASDAQ:YSWY opened at $24.91 on Wednesday. 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 firm has a fifty day moving average of $21.40. The company has a market capitalization of $1.57 billion and a PE ratio of 118.62. Yesway has a twelve month low of $18.92 and a twelve month high of $29.08.

Yesway (NASDAQ:YSWY - Get Free Report) last issued its quarterly earnings data 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 quarterly revenue was up 35.9% on a year-over-year basis. On average, analysts expect that Yesway will post 1.22 EPS for the current fiscal year.

Yesway Company Profile

Yesway, traded on NASDAQ under the ticker YSWY, is a U.S.-based convenience store and fuel retail company that operates retail locations under the Yesway brand. The company's core business is the operation of neighborhood convenience stores that provide quick-purchase retail items, on-site prepared foods, beverages and other convenience merchandise. Many locations also feature fuel dispensing, making Yesway a combined convenience and gasoline retailer for everyday consumers and motorists.

Yesway's stores focus on high-turnover product categories typical of the convenience-retail sector, including snacks, cold beverages, coffee, single-serve and prepared food offerings, and commonly purchased household items.

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