TravelCenters of America LLC (NYSE:TA) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday.
According to Zacks, “TRAVELCENTERS OF AMERICA, LLC. is a full-service national travel center chain in the U.S., with nationwide locations serving hundreds of thousands of professional drivers and other highway travelers each month – including virtually all major trucking fleets. Their travel centers operate under the TravelCenters of America, TA and Petro brand names and offer diesel and gasoline fueling services, restaurants, heavy truck repair facilities, stores and other services. “
TA has been the topic of a number of other reports. ValuEngine lowered shares of TravelCenters of America from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. TheStreet lowered shares of TravelCenters of America from a “c-” rating to a “d+” rating in a report on Thursday, June 8th. Citigroup Inc. restated a “buy” rating and issued a $5.50 price objective (down from $7.50) on shares of TravelCenters of America in a report on Monday, May 15th. Finally, FBR & Co restated an “outperform” rating and issued a $9.00 price objective (down from $11.00) on shares of TravelCenters of America in a report on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.25.
Shares of TravelCenters of America (NYSE TA) opened at 4.00 on Thursday. The stock’s 50 day moving average price is $3.91 and its 200-day moving average price is $5.93. TravelCenters of America has a 12-month low of $3.55 and a 12-month high of $8.69. The company’s market cap is $158.07 million.
TravelCenters of America (NYSE:TA) last announced its earnings results on Tuesday, May 9th. The specialty retailer reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.19) by $0.01. TravelCenters of America had a negative return on equity of 20.79% and a negative net margin of 2.11%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the company posted ($0.26) earnings per share. TravelCenters of America’s revenue for the quarter was up 21.0% on a year-over-year basis. On average, equities research analysts forecast that TravelCenters of America will post ($0.45) earnings per share for the current year.
In other news, insider Michael J. Lombardi bought 10,000 shares of the stock in a transaction on Tuesday, May 30th. The stock was purchased at an average price of $4.05 per share, with a total value of $40,500.00. Following the completion of the purchase, the insider now owns 393,385 shares of the company’s stock, valued at $1,593,209.25. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Large investors have recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of TravelCenters of America by 18.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 16,414 shares of the specialty retailer’s stock valued at $100,000 after buying an additional 2,500 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in shares of TravelCenters of America during the first quarter valued at about $106,000. Brandes Investment Partners LP bought a new stake in shares of TravelCenters of America during the first quarter valued at about $109,000. Menta Capital LLC increased its stake in shares of TravelCenters of America by 71.0% in the first quarter. Menta Capital LLC now owns 30,113 shares of the specialty retailer’s stock valued at $184,000 after buying an additional 12,505 shares in the last quarter. Finally, New Jersey Better Educational Savings Trust increased its stake in shares of TravelCenters of America by 33.3% in the first quarter. New Jersey Better Educational Savings Trust now owns 48,000 shares of the specialty retailer’s stock valued at $293,000 after buying an additional 12,000 shares in the last quarter.
TravelCenters of America Company Profile
TravelCenters of America LLC (TravelCenters) operates and franchises travel centers and convenience store and restaurant locations. The Company’s segments include travel centers, convenience stores, and corporate and other. The Company offers a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as truck repair and maintenance services, full service restaurants, quick service restaurants (QSRs), travel/convenience stores and various customer amenities.
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