Yesway, Inc.’s (NASDAQ:YSWY) Quiet Period To End on June 1st

Yesway’s (NASDAQ:YSWY) quiet period will end on Monday, June 1st. Yesway had issued 14,000,000 shares in its initial public offering on April 22nd. The total size of the offering was $280,000,000 based on an initial share price of $20.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on YSWY. Barclays began coverage on Yesway in a report on Monday, May 18th. They set an “overweight” rating and a $31.00 price objective on the stock. JPMorgan Chase & Co. began coverage on Yesway in a report on Monday, May 18th. They set a “neutral” rating and a $29.00 price objective on the stock. KeyCorp began coverage on Yesway in a report on Monday, May 18th. They set an “overweight” rating and a $31.00 price objective on the stock. Morgan Stanley began coverage on Yesway in a report on Monday, May 18th. They set an “equal weight” rating and a $28.00 price objective on the stock. Finally, BMO Capital Markets began coverage on Yesway in a report on Monday, May 18th. They set an “outperform” rating and a $30.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.63.

Yesway Price Performance

Shares of Yesway stock opened at $23.37 on Monday. Yesway has a twelve month low of $20.02 and a twelve month high of $29.08.

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.