Yesway, Inc. (NASDAQ:YSWY) Receives $29.12 Average PT from Brokerages

Yesway, Inc. (NASDAQ:YSWY) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, two have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $29.1250.

Several analysts recently commented on the company. The Goldman Sachs Group began coverage on Yesway in a research report on Monday, May 18th. They issued a “neutral” rating and a $28.00 target price on the stock. Guggenheim reiterated a “buy” rating on shares of Yesway in a research report on Wednesday, June 3rd. KeyCorp began coverage on shares of Yesway in a research note on Monday, May 18th. They set an “overweight” rating and a $31.00 target price on the stock. Zacks Research upgraded shares of Yesway to a “hold” rating in a research report on Tuesday, May 19th. Finally, Barclays assumed coverage on shares of Yesway in a research note on Monday, May 18th. They issued an “overweight” rating and a $31.00 price target for the company.

Institutional Investors Weigh In On Yesway

A hedge fund recently bought a new position in Yesway stock. Bank of New York Mellon Corp bought a new position in shares of Yesway, Inc. (NASDAQ:YSWY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 42,832 shares of the company’s stock, valued at approximately $869,000. Bank of New York Mellon Corp owned 0.07% of Yesway as of its most recent SEC filing.

Yesway Stock Down 1.6%

Yesway stock opened at $21.61 on Friday. The firm’s 50-day moving average price is $20.95. Yesway has a 52-week low of $18.92 and a 52-week high of $29.08.

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.