Yesway (NASDAQ:YSWY) Sets New 1-Year Low – Should You Sell?

Yesway, Inc. (NASDAQ:YSWY) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $19.56 and last traded at $19.56, with a volume of 85622 shares trading hands. The stock had previously closed at $20.26.

Analyst Ratings Changes

Several analysts have commented on the stock. The Goldman Sachs Group assumed coverage on shares of Yesway in a report on Monday, May 18th. They set a “neutral” rating and a $28.00 target price on the stock. Barclays started coverage on shares of Yesway in a report on Monday, May 18th. They issued an “overweight” rating and a $31.00 price target for the company. Raymond James Financial initiated 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 began coverage on shares of Yesway in a report on Monday, May 18th. They set an “outperform” rating and a $30.00 price objective on the stock. Finally, Wall Street Zen raised shares of Yesway to a “hold” rating in a research report on Saturday, April 25th. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Yesway presently has an average rating of “Moderate Buy” and an average target price of $29.12.

Yesway Price Performance

Yesway Company Profile

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.