Guggenheim Reiterates Buy Rating for Yesway (NASDAQ:YSWY)

Yesway (NASDAQ:YSWY)‘s stock had its “buy” rating reiterated by equities research analysts at Guggenheim in a research note issued on Thursday, Benzinga reports. They currently have a $32.00 target price on the stock. Guggenheim’s price objective indicates a potential upside of 47.19% from the company’s previous close.

YSWY has been the topic of a number of other research reports. JPMorgan Chase & Co. raised their target price on shares of Yesway from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, August 14th. Weiss Ratings initiated coverage on Yesway in a research report on Thursday, July 16th. They issued a “sell (e)” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.62.

Yesway Price Performance

YSWY opened at $21.74 on Thursday. Yesway has a 12 month low of $18.92 and a 12 month high of $29.08. 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 company has a 50-day simple moving average of $22.41. The stock has a market cap of $1.37 billion and a PE ratio of 103.52.

Yesway (NASDAQ:YSWY) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.14). The business had revenue of $920.77 million for the quarter. The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. Equities research analysts anticipate that Yesway will post 1.49 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Engineers Gate Manager LP acquired a new position in shares of Yesway during the second quarter worth approximately $675,000. Bank of New York Mellon Corp bought a new position in Yesway during the second quarter valued at about $869,000. Finally, Wellington Management Group LLP bought a new position in shares of Yesway during the 2nd quarter valued at about $18,747,000.

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.