Yesway (NASDAQ:YSWY) Trading Up 7.3% – Here’s Why

Yesway, Inc. (NASDAQ:YSWY)’s share price shot up 7.3% on Thursday . The company traded as high as $20.68 and last traded at $20.34. 161,949 shares traded hands during trading, a decline of 69% from the average session volume of 524,560 shares. The stock had previously closed at $18.96.

Analysts Set New Price Targets

Several analysts have recently issued reports on YSWY shares. Zacks Research raised shares of Yesway to a “hold” rating in a research note on Tuesday, May 19th. Barclays started 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. Wall Street Zen raised Yesway to a “hold” rating in a research report on Saturday, April 25th. 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. Finally, KeyCorp assumed coverage on Yesway in a report on Monday, May 18th. They set an “overweight” rating and a $31.00 target price on the stock. 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 company. Based on data from MarketBeat.com, Yesway has a consensus rating of “Moderate Buy” and an average price target of $29.12.

Yesway Trading Up 7.6%

The stock has a 50-day moving average price of $22.24.

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.