Yesway (NASDAQ:YSWY) Shares Up 6% – Still a Buy?

Yesway, Inc. (NASDAQ:YSWY) shares shot up 6% on Wednesday . The company traded as high as $21.44 and last traded at $21.20. 89,388 shares traded hands during trading, a decline of 81% from the average session volume of 469,046 shares. The stock had previously closed at $20.00.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on YSWY. The Goldman Sachs Group began coverage on shares of Yesway in a report on Monday, May 18th. They set a “neutral” rating and a $28.00 price objective for the company. Raymond James Financial assumed coverage on shares of Yesway in a report on Monday, May 18th. They set an “outperform” rating and a $30.00 price objective for the company. Guggenheim reaffirmed a “buy” rating on shares of Yesway in a research report on Wednesday. Wall Street Zen raised Yesway to a “hold” rating in a research report on Saturday, April 25th. 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 research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.63.

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.