Yesway (NASDAQ:YSWY) Price Target Raised to $27.00

Yesway (NASDAQ:YSWY) had its price objective increased by research analysts at JPMorgan Chase & Co. from $25.00 to $27.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 9.67% from the company’s current price.

Several other equities analysts have also weighed in on YSWY. The Goldman Sachs Group started coverage on shares of Yesway in a research report on Monday, May 18th. They issued a “neutral” rating and a $28.00 price objective on the stock. Wall Street Zen upgraded Yesway to a “hold” rating in a research report on Saturday, April 25th. Raymond James Financial assumed coverage on shares of Yesway in a research report on Monday, May 18th. They set an “outperform” rating and a $30.00 price objective for the company. BMO Capital Markets started coverage on shares of Yesway in a research note on Monday, May 18th. They issued an “outperform” rating and a $30.00 price target on the stock. Finally, KeyCorp began coverage on Yesway in a research report on Monday, May 18th. They set an “overweight” rating and a $31.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $29.38.

Yesway Stock Performance

YSWY traded up $0.27 on Friday, hitting $24.62. 121,762 shares of the company were exchanged, compared to its average volume of 475,653. Yesway has a 12 month low of $18.92 and a 12 month high of $29.08. The company has a fifty day moving average price of $21.00.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Yesway stock. Bank of New York Mellon Corp acquired a new stake in shares of Yesway, Inc. (NASDAQ:YSWY) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,832 shares of the company’s stock, valued at approximately $869,000. Bank of New York Mellon Corp owned 0.07% of Yesway at the end of the most recent quarter.

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.