Yesway (NASDAQ:YSWY) Stock Price Down 7.8% – Here’s What Happened

Shares of Yesway, Inc. (NASDAQ:YSWY) dropped 7.8% during mid-day trading on Wednesday . The company traded as low as $21.00 and last traded at $21.05. Approximately 131,514 shares were traded during trading, a decline of 71% from the average daily volume of 459,158 shares. The stock had previously closed at $22.83.

Analysts Set New Price Targets

A number of equities analysts have recently commented on YSWY shares. Guggenheim started coverage on shares of Yesway in a research note on Monday, May 18th. They set a “buy” rating and a $30.00 price objective for the company. BMO Capital Markets started coverage on shares of Yesway in a research note on Monday, May 18th. They set an “outperform” rating and a $30.00 price objective for the company. Zacks Research upgraded shares of Yesway to a “hold” rating in a research note on Tuesday, May 19th. Wall Street Zen upgraded shares of Yesway to a “hold” rating in a research note on Saturday, April 25th. Finally, Raymond James Financial started coverage on shares of Yesway in a research note on Monday, May 18th. They set an “outperform” rating and a $30.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.63.

Yesway Stock Performance

Yesway Company Profile

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.