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

Key Points

• Analyst sentiment is moderately positive: Eleven analysts give Yesway an average “Moderate Buy” rating, with a consensus 12-month price target of $29.62 versus the stock’s $21.51 opening price.
• Institutional interest increased: Wellington Management, State Street, Bank of New York Mellon and Engineers Gate each initiated positions in Yesway during the second quarter.
• Revenue growth came with an earnings miss: Quarterly revenue rose 35.9% year over year to $920.77 million, but earnings per share of $0.21 fell short of the $0.35 consensus estimate.

Shares of Yesway, Inc. (NASDAQ:YSWY - Get Free Report) have earned an average rating of "Moderate Buy" from the eleven analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, three have assigned a buy recommendation and four have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $29.62.

Several brokerages have recently issued reports on YSWY. Weiss Ratings lowered Yesway from a "sell (e)" rating to a "sell (e-)" rating in a research report on Thursday, September 24th. Zacks Research raised shares of Yesway from a "hold" rating to a "strong-buy" rating in a report on Monday. Guggenheim reissued a "buy" rating and issued a $32.00 price target on shares of Yesway in a report on Monday, October 5th. William Blair started coverage on shares of Yesway in a research report on Tuesday, September 22nd. They set an "outperform" rating for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of Yesway from $25.00 to $27.00 and gave the stock a "neutral" rating in a report on Friday, August 14th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP bought a new position in shares of Yesway during the 2nd quarter valued at approximately $18,747,000. State Street Corp bought a new stake in shares of Yesway in the 2nd quarter worth approximately $4,437,000. Bank of New York Mellon Corp bought a new stake in shares of Yesway in the 2nd quarter worth approximately $869,000. Finally, Engineers Gate Manager LP bought a new stake in shares of Yesway in the 2nd quarter worth approximately $675,000.

Yesway Trading Down 0.6%

Shares of Yesway stock opened at $21.51 on Thursday. The stock's fifty day simple moving average is $22.43. The company has a market capitalization of $1.36 billion and a price-to-earnings ratio of 102.43. Yesway has a 12 month low of $18.92 and a 12 month high of $29.08. 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 posted its quarterly earnings data on Thursday, August 13th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.14). The business had revenue of $920.77 million during the quarter. Yesway's revenue was up 35.9% compared to the same quarter last year. Analysts predict that Yesway will post 1.50 EPS for the current fiscal year.

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.

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