Yesway (NASDAQ:YSWY) Stock Rating Upgraded by Zacks Research

Yesway (NASDAQ:YSWY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday, Zacks reports.

A number of other research firms have also weighed in on YSWY. Guggenheim reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Yesway in a research note on Monday, October 5th. Weiss Ratings lowered Yesway from a “sell (e)” rating to a “sell (e-)” rating in a report on Thursday, September 24th. William Blair assumed coverage on Yesway in a report on Tuesday, September 22nd. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. upped their price target on Yesway from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Four 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 issued a Sell rating to the company. According to data from MarketBeat.com, Yesway presently has an average rating of “Moderate Buy” and an average target price of $29.62.

Yesway Stock Up 2.4%

Shares of YSWY opened at $21.64 on Monday. The stock has a fifty day moving average price of $22.43. Yesway has a 12-month low of $18.92 and a 12-month high of $29.08. 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 company has a market cap of $1.37 billion and a PE ratio of 103.05.

Yesway (NASDAQ:YSWY) last announced its quarterly 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 business had revenue of $920.77 million for the quarter. The business’s quarterly revenue was up 35.9% on a year-over-year basis. On average, analysts expect that Yesway will post 1.50 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp purchased a new stake in Yesway in the 2nd quarter valued at about $4,437,000. Wellington Management Group LLP bought a new position in shares of Yesway during the 2nd quarter worth approximately $18,747,000. Bank of New York Mellon Corp purchased a new position in Yesway in the second quarter worth $869,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Yesway in the 2nd quarter worth about $675,000.

About Yesway

Yesway is a U.S. convenience-store operator that serves customers through a network of locations under the Yesway and Allsup’s brands. Its stores are generally located in communities across the central and western United States and are designed to provide everyday convenience products and services.

The company’s stores typically offer fuel, packaged foods, snacks, beverages, tobacco products, grocery essentials and other convenience merchandise. Many locations also provide prepared foods and quick-service options, with offerings tailored to the markets they serve.

Yesway expanded its presence through the acquisition of Allsup’s in 2019, adding the long-established Allsup’s convenience-store and foodservice business to its operations.