Yesway (NASDAQ:YSWY) Stock Moved Down to “Hold” by Zacks Research

Yesway (NASDAQ:YSWY) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.

Other analysts have also issued research reports about the company. Weiss Ratings lowered Yesway from a “sell (e)” rating to a “sell (e-)” rating in a report on Thursday, September 24th. William Blair started coverage on Yesway in a report on Tuesday, September 22nd. They issued an “outperform” rating for the company. JPMorgan Chase & Co. increased their price target on shares of Yesway from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Finally, Guggenheim reiterated a “buy” rating and set a $32.00 target price on shares of Yesway in a research note on Monday, October 5th. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.62.

Yesway Stock Performance

YSWY opened at $25.65 on Tuesday. The firm has a market cap of $1.62 billion and a price-to-earnings ratio of 122.14. The company has a current ratio of 1.48, a quick ratio of 0.91 and a debt-to-equity ratio of 0.45. The stock has a 50 day moving average of $22.62. Yesway has a twelve month low of $18.92 and a twelve month high of $29.08.

Yesway (NASDAQ:YSWY) last announced 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 business had revenue of $920.77 million during the quarter. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. As a group, analysts anticipate that Yesway will post 1.50 earnings per share for the current fiscal year.

Institutional Trading of Yesway

A number of institutional investors have recently modified their holdings of YSWY. State of Alaska Department of Revenue bought a new position in shares of Yesway in the third quarter worth $29,000. Engineers Gate Manager LP acquired a new stake in shares of Yesway in the 2nd quarter valued at $675,000. Bank of New York Mellon Corp bought a new position in shares of Yesway in the 2nd quarter valued at $869,000. State Street Corp acquired a new position in shares of Yesway during the 2nd quarter worth $4,437,000. Finally, Wellington Management Group LLP acquired a new position in shares of Yesway during the 2nd quarter worth $18,747,000.

Yesway Company Profile

Yesway is a convenience-store operator serving customers across the central and southwestern United States. Its stores sell fuel, beverages, snacks, grocery and household essentials, along with prepared foods and other convenience items. The company operates under the Yesway and Allsup’s brands. Yesway was established in 2015, and its 2019 acquisition of Allsup’s expanded its presence and added a long-running convenience-store brand known for its prepared food, including burritos. Yesway and Allsup’s locations serve communities in states including Texas, New Mexico, Oklahoma, Kansas and Iowa, as well as other nearby markets.