Yesway (NASDAQ:YSWY) Stock Price Up 6.8% – Here’s What Happened

Yesway, Inc. (NASDAQ:YSWY) shares rose 6.8% during mid-day trading on Wednesday . The stock traded as high as $23.79 and last traded at $23.76. Approximately 345,879 shares were traded during trading, a decline of 25% from the average daily volume of 461,761 shares. The stock had previously closed at $22.24.

Analyst Ratings Changes

Several equities analysts recently weighed in on YSWY shares. Morgan Stanley started coverage on shares of Yesway in a report on Monday, May 18th. They issued an “equal weight” rating and a $28.00 price target on the stock. JPMorgan Chase & Co. cut their price target on shares of Yesway from $29.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Raymond James Financial started coverage on shares of Yesway in a report on Monday, May 18th. They issued an “outperform” rating and a $30.00 price target on the stock. The Goldman Sachs Group started coverage on shares of Yesway in a report on Monday, May 18th. They issued a “neutral” rating and a $28.00 price target on the stock. Finally, Barclays started coverage on shares of Yesway in a report on Monday, May 18th. They issued an “overweight” rating and a $31.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.13.

Yesway Price Performance

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.