Yesway, Inc.’s Lock-Up Period To End Tomorrow (NASDAQ:YSWY)

Yesway’s (NASDAQ:YSWY) lock-up period is set to expire on Monday, October 19th. Yesway had issued 14,000,000 shares in its public offering on April 22nd. The total size of the offering was $280,000,000 based on an initial share price of $20.00. After the expiration of Yesway’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Wall Street Analyst Weigh In

YSWY has been the topic of a number of research analyst reports. William Blair initiated coverage on shares of Yesway in a research report on Tuesday, September 22nd. They set an “outperform” rating on the stock. Guggenheim reaffirmed a “buy” rating and issued a $32.00 target price on shares of Yesway in a research report on Monday, October 5th. Weiss Ratings downgraded shares of Yesway from a “sell (e)” rating to a “sell (e-)” rating in a research report on Thursday, September 24th. Zacks Research upgraded shares of Yesway from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. Finally, JPMorgan Chase & Co. boosted 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. Four equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Yesway currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.62.

Yesway Stock Performance

Yesway stock opened at $23.15 on Friday. Yesway has a one year low of $18.92 and a one year high of $29.08. The stock has a market capitalization of $1.46 billion and a PE ratio of 110.24. The firm’s fifty day moving average price is $22.48. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.91 and a current ratio of 1.48.

Yesway (NASDAQ:YSWY) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.14). The business had revenue of $920.77 million during the quarter. The company’s revenue was up 35.9% on a year-over-year basis. As a group, sell-side analysts predict that Yesway will post 1.50 EPS for the current fiscal year.

Hedge Funds Weigh In On Yesway

Several institutional investors have recently made changes to their positions in YSWY. Wellington Management Group LLP bought a new stake in shares of Yesway in the second quarter valued at about $18,747,000. State Street Corp purchased a new stake in Yesway in the second quarter worth about $4,437,000. Bank of New York Mellon Corp purchased a new stake in Yesway in the second quarter worth about $869,000. Engineers Gate Manager LP bought a new position in Yesway during the 2nd quarter worth about $675,000. Finally, State of Alaska Department of Revenue bought a new position in Yesway during the 3rd quarter worth about $29,000.

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.