Yesway (NASDAQ:YSWY) Hits New 1-Year Low – Should You Sell?

Yesway, Inc. (NASDAQ:YSWY) shares reached a new 52-week low on Thursday . The company traded as low as $19.56 and last traded at $19.56, with a volume of 85622 shares. The stock had previously closed at $20.26.

Wall Street Analyst Weigh In

YSWY has been the subject of a number of research reports. The Goldman Sachs Group began coverage on Yesway in a research note on Monday, May 18th. They set a “neutral” rating and a $28.00 price target for the company. Barclays started coverage on Yesway in a report on Monday, May 18th. They issued an “overweight” rating and a $31.00 price objective for the company. KeyCorp initiated coverage on Yesway in a research note on Monday, May 18th. They set an “overweight” rating and a $31.00 target price for the company. Morgan Stanley started coverage on Yesway in a report on Monday, May 18th. They set an “equal weight” rating and a $28.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Yesway to a “hold” rating in a research report on Saturday, April 25th. 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 MarketBeat, Yesway presently has a consensus rating of “Moderate Buy” and an average price target of $29.12.

Yesway Stock Performance

The business has a 50-day moving average of $23.38.

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.