923,515 Shares in Yesway, Inc. $YSWY Bought by Wellington Management Group LLP

Key Points

• Wellington Management Group purchased 923,515 Yesway shares worth approximately $18.7 million, acquiring a 1.46% stake. Bank of New York Mellon also initiated a position valued at about $869,000.
• Analyst sentiment is generally positive, with Yesway holding a consensus “Moderate Buy” rating and a $29.62 average price target, despite ratings ranging from “Strong Buy” to “Sell.”
• Yesway reported quarterly revenue of $920.77 million, up 35.9% year over year, but earnings of $0.21 per share fell short of the $0.35 consensus estimate. The stock recently opened at $24.79, compared with a 52-week range of $18.92 to $29.08.

Wellington Management Group LLP purchased a new stake in Yesway, Inc. (NASDAQ:YSWY - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 923,515 shares of the company's stock, valued at approximately $18,747,000. Wellington Management Group LLP owned about 1.46% of Yesway at the end of the most recent reporting period.

Separately, Bank of New York Mellon Corp bought a new stake in shares of Yesway in the second quarter worth about $869,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on YSWY shares. Raymond James Financial began coverage on shares of Yesway in a research report on Monday, May 18th. They set an "outperform" rating and a $30.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on Yesway from $25.00 to $27.00 and gave the stock a "neutral" rating in a research report on Friday, August 14th. Barclays initiated coverage on shares of Yesway in a research note on Monday, May 18th. They set an "overweight" rating and a $31.00 price objective on the stock. Zacks Research upgraded Yesway to a "hold" rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings assumed coverage on shares of Yesway in a report on Thursday, July 16th. They issued a "sell (e)" rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.62.

Yesway Price Performance

YSWY stock opened at $24.79 on Monday. The company has a 50-day moving average of $22.02. The firm has a market capitalization of $1.57 billion and a P/E ratio of 118.05. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.91 and a current ratio of 1.48. Yesway, Inc. has a 52 week low of $18.92 and a 52 week high of $29.08.

Yesway (NASDAQ:YSWY - Get Free Report) last issued 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 firm had revenue of $920.77 million for the quarter. The company's quarterly revenue was up 35.9% compared to the same quarter last year. On average, analysts anticipate that Yesway, Inc. will post 1.49 EPS for the current fiscal year.

About Yesway

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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