Wellington Management Group LLP Acquires New Holdings in Yesway, Inc. $YSWY

Wellington Management Group LLP purchased a new stake in shares of Yesway, Inc. (NASDAQ:YSWY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 923,515 shares of the company’s stock, valued at approximately $18,747,000.

Separately, Bank of New York Mellon Corp bought a new position in Yesway during the 2nd quarter worth approximately $869,000.

Yesway Stock Performance

Shares of YSWY stock opened at $24.79 on Monday. Yesway, Inc. has a 12 month low of $18.92 and a 12 month high of $29.08. The company’s 50 day simple moving average is $22.02. 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 stock has a market cap of $1.57 billion and a PE ratio of 118.05.

Yesway (NASDAQ:YSWY) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.14). The firm had revenue of $920.77 million for the quarter. Yesway’s revenue was up 35.9% compared to the same quarter last year. On average, equities analysts predict that Yesway, Inc. will post 1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

YSWY has been the topic of a number of recent analyst reports. Raymond James Financial began coverage on Yesway in a research note on Monday, May 18th. They issued an “outperform” rating and a $30.00 price objective on the stock. The Goldman Sachs Group began coverage on shares of Yesway in a research note on Monday, May 18th. They issued a “neutral” rating and a $28.00 price objective on the stock. Morgan Stanley initiated coverage on Yesway in a report on Monday, May 18th. They issued an “equal weight” rating and a $28.00 target price on the stock. JPMorgan Chase & Co. raised 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. Finally, Guggenheim boosted their price objective on Yesway from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $29.62.

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.