Yesway (NASDAQ:YSWY) Stock Price Down 6.7% – What’s Next?

Yesway, Inc. (NASDAQ:YSWY)’s stock price traded down 6.7% on Monday . The company traded as low as $21.69 and last traded at $21.69. 136,995 shares were traded during trading, a decline of 71% from the average session volume of 466,463 shares. The stock had previously closed at $23.24.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Raymond James Financial assumed coverage on Yesway in a research report on Monday, May 18th. They set an “outperform” rating and a $30.00 target price for the company. The Goldman Sachs Group assumed coverage on Yesway in a research report on Monday, May 18th. They set a “neutral” rating and a $28.00 target price for the company. Zacks Research upgraded Yesway to a “hold” rating in a research report on Tuesday, May 19th. BMO Capital Markets assumed coverage on Yesway in a research report on Monday, May 18th. They set an “outperform” rating and a $30.00 target price for the company. Finally, Barclays assumed coverage on Yesway in a research report on Monday, May 18th. They set an “overweight” rating and a $31.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.13.

Yesway Price Performance

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.