Yesway (NASDAQ:YSWY) Stock Falls 0.4% – Here’s Why

Yesway, Inc. (NASDAQ:YSWY) shares fell 0.4% during mid-day trading on Thursday. The company traded as low as $24.65 and last traded at $25.09. Approximately 236,731 shares were traded during mid-day trading, a decline of 6% from the average session volume of 251,665 shares. The stock had previously closed at $25.20.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Yesway from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. Weiss Ratings downgraded shares of Yesway from a “sell (e)” rating to a “sell (e-)” rating in a report on Thursday, September 24th. Zacks Research raised shares of Yesway from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. William Blair began coverage on shares of Yesway in a report on Tuesday, September 22nd. They set an “outperform” rating for the company. Finally, Guggenheim reissued a “buy” rating and set a $32.00 target price on shares of Yesway in a research report on Monday, October 5th. Four equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.62.

Yesway Stock Performance

The firm has a market cap of $1.59 billion and a PE ratio of 119.48. The stock’s 50 day simple moving average is $22.56. The company has a current ratio of 1.48, a quick ratio of 0.91 and a debt-to-equity ratio of 0.45.

Yesway (NASDAQ:YSWY) last released its earnings results on Thursday, August 13th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.14). The firm had revenue of $920.77 million during the quarter. The business’s quarterly revenue was up 35.9% on a year-over-year basis. On average, sell-side analysts predict that Yesway, Inc. will post 1.50 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new position in Yesway in the third quarter valued at approximately $29,000. Engineers Gate Manager LP purchased a new stake in Yesway in the second quarter worth $675,000. Bank of New York Mellon Corp purchased a new stake in Yesway in the second quarter worth $869,000. State Street Corp purchased a new stake in Yesway in the second quarter worth $4,437,000. Finally, Wellington Management Group LLP bought a new stake in shares of Yesway in the second quarter valued at $18,747,000.

Yesway Company Profile

Yesway is a U.S. convenience-store operator that provides fuel, food, beverages and everyday convenience products to consumers. Its stores typically offer gasoline and diesel, packaged snacks, tobacco products, beer and other beverages, grocery staples, prepared foods and other services commonly associated with neighborhood convenience retail.

Founded in 2015, Yesway has expanded through the development and acquisition of convenience-store locations. In 2019, the company acquired Allsup’s Convenience Stores, strengthening its presence in the Southwestern and Central United States.