Yesway, Inc. (YSWY) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analyst sentiment is moderately positive: Eleven firms give Yesway an average “Moderate Buy” rating, with a mean 12-month price target of $29.62.
• Yesway reported quarterly EPS of $0.21, below the $0.35 consensus estimate, while revenue rose 35.9% year over year to $920.77 million.
• Several institutions, including Wellington Management and State Street, recently disclosed new stakes in the company.

Shares of Yesway, Inc. (NASDAQ:YSWY - Get Free Report) have earned an average rating of "Moderate Buy" from the eleven ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and four have given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $29.62.

Several research firms have recently issued reports on YSWY. William Blair began coverage on Yesway in a research report on Tuesday, September 22nd. They issued an "outperform" rating on the stock. Zacks Research upgraded Yesway from a "hold" rating to a "strong-buy" rating in a report on Monday, October 12th. Guggenheim reissued a "buy" rating and issued a $32.00 target price on shares of Yesway in a research note on Monday, October 5th. Weiss Ratings cut Yesway from a "sell (e)" rating to a "sell (e-)" rating in a report on Thursday, September 24th. Finally, JPMorgan Chase & Co. boosted their target price on Yesway from $25.00 to $27.00 and gave the stock a "neutral" rating in a research report on Friday, August 14th.

Yesway Price Performance

Shares of NASDAQ YSWY opened at $24.69 on Monday. Yesway has a fifty-two week low of $18.92 and a fifty-two week high of $29.08. The firm has a market capitalization of $1.56 billion and a price-to-earnings ratio of 117.57. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.48 and a quick ratio of 0.91. The firm has a 50 day simple moving average of $22.56.

Yesway (NASDAQ:YSWY - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.14). The business had revenue of $920.77 million for the quarter. The company's revenue for the quarter was up 35.9% compared to the same quarter last year. Sell-side analysts expect that Yesway will post 1.50 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of YSWY. State of Alaska Department of Revenue acquired a new stake in Yesway in the third quarter worth $29,000. Engineers Gate Manager LP acquired a new position in shares of Yesway in the 2nd quarter valued at $675,000. Bank of New York Mellon Corp acquired a new position in shares of Yesway in the 2nd quarter valued at $869,000. State Street Corp bought a new stake in shares of Yesway in the 2nd quarter valued at $4,437,000. Finally, Wellington Management Group LLP bought a new stake in shares of Yesway in the 2nd quarter valued at $18,747,000.

About Yesway

Yesway is a U.S. convenience-store operator that provides fuel, food, beverages and everyday convenience products to consumers. Its stores typically offer gasoline and diesel, packaged snacks, tobacco products, beer and other beverages, grocery staples, prepared foods and other services commonly associated with neighborhood convenience retail.

Founded in 2015, Yesway has expanded through the development and acquisition of convenience-store locations. In 2019, the company acquired Allsup's Convenience Stores, strengthening its presence in the Southwestern and Central United States.

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