Yesway (NASDAQ:YSWY) Stock Price Down 6.7% – What’s Next?

Yesway, Inc. (NASDAQ:YSWY)’s share price was down 6.7% during mid-day trading on Monday . The company traded as low as $21.69 and last traded at $21.69. Approximately 136,995 shares changed hands during trading, a decline of 71% from the average daily volume of 466,463 shares. The stock had previously closed at $23.24.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on YSWY shares. KeyCorp initiated coverage on Yesway in a research note on Monday, May 18th. They set an “overweight” rating and a $31.00 price objective on the stock. Zacks Research raised Yesway to a “hold” rating in a report on Tuesday, May 19th. Wall Street Zen raised Yesway to a “hold” rating in a report on Saturday, April 25th. BMO Capital Markets initiated coverage on Yesway in a report on Monday, May 18th. They set an “outperform” rating and a $30.00 target price on the stock. Finally, The Goldman Sachs Group initiated coverage on Yesway in a report on Monday, May 18th. They set a “neutral” rating and a $28.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Yesway currently has a consensus rating of “Moderate Buy” and a consensus 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.