Yesway (NASDAQ:YSWY) Reaches New 12-Month Low – Here’s What Happened

Yesway, Inc. (NASDAQ:YSWY) reached a new 52-week low during trading on Monday. The stock traded as low as $18.92 and last traded at $19.49, with a volume of 72984 shares changing hands. The stock had previously closed at $19.32.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Yesway from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. Guggenheim reissued a “buy” rating and issued a $32.00 price objective on shares of Yesway in a research report on Thursday, September 17th. William Blair started coverage on Yesway in a research report on Tuesday, September 22nd. They issued an “outperform” rating for the company. Finally, Weiss Ratings downgraded Yesway from a “sell (e)” rating to a “sell (e-)” rating in a report on Thursday. Three analysts have rated the stock with a Strong Buy rating, three have given 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.62.

Yesway Trading Up 1.1%

The business’s 50-day moving average price is $22.40. The company has a quick ratio of 0.91, a current ratio of 1.48 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $1.23 billion and a P/E ratio of 93.05.

Yesway (NASDAQ:YSWY) last released its quarterly 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 company had revenue of $920.77 million during the quarter. The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. On average, analysts forecast that Yesway, Inc. will post 1.5 EPS for the current year.

Institutional Investors Weigh In On Yesway

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP acquired a new stake in shares of Yesway in the 2nd quarter valued at about $18,747,000. State Street Corp bought a new stake in Yesway in the second quarter valued at about $4,437,000. Bank of New York Mellon Corp acquired a new stake in Yesway during the second quarter valued at approximately $869,000. Finally, Engineers Gate Manager LP acquired a new stake in Yesway during the second quarter valued at approximately $675,000.

Yesway Company Profile

Yesway is a privately held American convenience-store operator that owns and operates stores under the Yesway and Allsup’s brands. The company’s locations serve motorists and local communities by offering fuel, prepared food, beverages, snacks, tobacco products, groceries, lottery products and other convenience items.

Founded in 2015, Yesway expanded through acquisitions, including its 2019 purchase of Allsup’s, a long-established convenience-store chain based in the Southwest. The company operates stores primarily across the central and southwestern United States, including Texas, New Mexico and other neighboring states.

Yesway is associated with Brookwood Financial Partners and is led by Chief Executive Officer Thomas Trkla.