Sheetz is a popular chain of convenience stores and coffee shops in the Eastern United States. The company has developed something of a cult status due to its made-to-order food and top-quality customer service. Keep reading to find out if you can capitalize on its committed customer base by buying Sheetz stock.
Sheetz Inc. Convenience Stores
Like many companies in its industry, Sheetz, Inc. aims to be more than just a pit stop.
The company provides travelers with 24/7 access to its facilities every day of the year.
Sheetz focuses on food products and fuel sales, making it a one-stop shop for travelers.
You can grab a magazine, order a coffee, or purchase plenty of household goods at any location.
As a family-owned business, Sheetz has a strong company culture and takes extra care to keep employees happy.
In fact, Sheetz has been recognized as one of the Fortune 100 Best Companies to Work For in 2021.
Focused on More Than Just Fuel Sales
Sheetz started in Altoona, PA, where it’s still based.
The company operates more like a food retailer than a typical gas station, offering items like wraps, burgers, and sandwiches.
Sheetz also sells specialty drinks alongside its food.
The company is best known for its “hot, fresh-made sandwiches” as well as its coffees.
Sheetz also has a strong online presence as well as an app that allows customers to order food to-go.
To date, the company has over 600 locations.
These stores are located in the following states:
- West Virginia
- North Carolina
The majority of Sheetz locations are small, but some are full-sized truck stops.
The full-sized stops have laundromats and showers, and they are much larger than regular locations.
Last year, Sheetz saw $6.2 billion in revenue.
Data indicates this as being a decrease from the prior year, but that is to be expected due to the pandemic.
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Can You Buy Sheetz Stock?
At this time, you cannot buy stock for Sheetz.
The company is privately held, meaning that investing isn’t an option.
Who Owns Sheetz?
The Sheetz family owns and operates Sheetz entirely.
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Joe Sheetz is the CEO, Travis Sheetz is the president and COO, and so on.
The company Believes in being family-run, with every major position being held by a Sheetz family member.
With family members leading the business, the owners feel that they’ll be more invested in the company’s success.
Can You Buy Sheetz Stock: Sheetz Stock Symbol
Because Sheetz is privately held, it does not have a stock symbol listed on any exchange.
There’s no news of an IPO in the works, so this is unlikely to change anytime soon.
Why Is Sheetz Successful?
Most of Sheetz’s success can be traced back to its commitment to its employees as well as its communities.
The company provides free daycare for employees as well as other benefits, like scholarship opportunities and training programs.
Sheetz is also particularly active in its communities, often sponsoring local sports teams as well as community events.
When a company operates for the people that keep them in business, it’s sure to stay on top.
Should You Buy Sheetz Stock if It Goes Public?
If Sheetz ever goes public, it would certainly be an interesting investment opportunity.
The business has a devoted base of patrons that appreciates its cuisine and customer service.
There’s no doubt that Sheetz would see a great deal of success as a publicly traded company.
However, there’s no telling whether or not that will happen any time soon.
Keep your eyes and ears open for an initial public offering (IPO) from Sheetz in the future.
Regardless, if there is an IPO, you’ll still want to do your due diligence before picking up any shares.Stock Advice That Beats The Market! Stock Advisor's recommendations have beaten the market over the past 19 years. Tired of picking losers? Stock Dork readers can join for only $99 a year! Check out Stock Advisor today!
Sheetz Competitors to Invest In
Sadly, you cannot invest in Sheetz stock at this time.
But if you’re in search of similar companies to put your money into, check out the following options.
Casey’s General Stores, Inc. (NASDAQ: CASY)
Casey’s General Stores is a popular Midwest convenience store chain.
The company is headquartered in Iowa and has locations in 16 states.
Casey is just as popular in its market as Sheetz; however, in terms of size and locations, it’s much larger than Sheetz.
Casey’s currently has nearly 30,000 employees at over 2,000 stores.
Last year, Casey’s reported $9.35 billion in revenue.
TravelCenters of America, Inc. (NASDAQ: TA)
TravelCenters of America is similar to Sheetz in the way it aims to be a one-stop shop.
TravelCenters are full-service truck stops, and it’s the largest publicly traded truck stop company in the U.S.
This means that food, fuel, and general living needs are available to travelers.
Last year TravelCenters saw $6.1 billion in revenue and employed over 16,000 people.
Sheetz Stock: Final Thoughts
Sheetz is an up-and-coming chain of convenience stores on the East Coast of the U.S. that could be a profitable investment one day.
Unfortunately, for now, Sheetz is not a publicly-traded company.
You should keep your options open and consider some of its competitors until there is a Sheetz IPO.
Casey General Stores Inc. and TravelCenters of America Inc. are all good investment alternatives in the meantime.
However, if Sheetz does go public in the future, you might want to consider picking up some shares to diversify your portfolio.
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