Yesway (NASDAQ:YSWY) Trading Up 6.8% – Should You Buy?

Yesway, Inc. (NASDAQ:YSWY) shares rose 6.8% on Wednesday . The company traded as high as $23.79 and last traded at $23.76. Approximately 345,879 shares traded hands during trading, a decline of 25% from the average daily volume of 461,761 shares. The stock had previously closed at $22.24.

Wall Street Analysts Forecast Growth

YSWY has been the subject of a number of research reports. Morgan Stanley initiated coverage on shares of Yesway in a research note on Monday, May 18th. They set an “equal weight” rating and a $28.00 target price for the company. BMO Capital Markets initiated coverage on shares of Yesway in a research note on Monday, May 18th. They set an “outperform” rating and a $30.00 target price for the company. JPMorgan Chase & Co. decreased their target price on shares of Yesway from $29.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. Guggenheim reiterated a “buy” rating on shares of Yesway in a research report on Wednesday, June 3rd. Finally, Wall Street Zen upgraded shares of Yesway to a “hold” rating in a research report on Saturday, April 25th. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.13.

Yesway Stock Performance

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.