Yesway, Inc. (NASDAQ:YSWY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Yesway, Inc. (NASDAQ:YSWY) has been assigned an average rating of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $29.6250.

Several brokerages have recently weighed in on YSWY. Zacks Research upgraded Yesway to a “hold” rating in a report on Tuesday, May 19th. Barclays started coverage on shares of Yesway in a research report on Monday, May 18th. They set an “overweight” rating and a $31.00 price objective on the stock. KeyCorp began coverage on shares of Yesway in a research note on Monday, May 18th. They set an “overweight” rating and a $31.00 price objective for the company. Raymond James Financial assumed coverage on shares of Yesway in a report on Monday, May 18th. They issued an “outperform” rating and a $30.00 target price for the company. Finally, The Goldman Sachs Group started coverage on shares of Yesway in a research note on Monday, May 18th. They issued a “neutral” rating and a $28.00 target price on the stock.

Yesway Stock Down 2.0%

Shares of YSWY opened at $24.91 on Wednesday. Yesway has a 52 week low of $18.92 and a 52 week high of $29.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.91 and a current ratio of 1.48. The company has a market cap of $1.57 billion and a PE ratio of 118.62. The stock has a 50 day moving average of $21.40.

Yesway (NASDAQ:YSWY) last released its earnings results on Thursday, August 13th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.14). The business had revenue of $920.77 million during the quarter. The firm’s quarterly revenue was up 35.9% compared to the same quarter last year. On average, equities analysts anticipate that Yesway will post 1.22 EPS for the current year.

Hedge Funds Weigh In On Yesway

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System purchased a new stake in Yesway during the 2nd quarter valued at $90,000. Bank of New York Mellon Corp bought a new stake in shares of Yesway in the 2nd quarter worth $869,000. Finally, Wellington Management Group LLP purchased a new position in shares of Yesway in the second quarter worth $18,747,000.

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.