B. Riley Reaffirms “Buy” Rating for TravelCenters of America (NASDAQ:TA)

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B. Riley reissued their buy rating on shares of TravelCenters of America (NASDAQ:TA) in a research report released on Monday morning, Briefing.com Automated Import reports. The brokerage currently has a $9.00 target price on the specialty retailer’s stock, down from their prior target price of $10.00. B. Riley also issued estimates for TravelCenters of America’s Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.23 EPS, Q4 2019 earnings at ($0.19) EPS, FY2019 earnings at ($0.14) EPS, Q1 2020 earnings at ($0.26) EPS, Q2 2020 earnings at $0.28 EPS, Q3 2020 earnings at $0.27 EPS, Q4 2020 earnings at ($0.16) EPS, FY2020 earnings at $0.13 EPS and FY2021 earnings at $0.15 EPS.

Other analysts also recently issued reports about the company. Zacks Investment Research upgraded TravelCenters of America from a strong sell rating to a hold rating in a research report on Wednesday, May 1st. ValuEngine upgraded TravelCenters of America from a hold rating to a buy rating in a research report on Tuesday, May 7th. Finally, CIBC reiterated a hold rating and set a $9.00 target price on shares of TravelCenters of America in a research report on Thursday, February 28th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of Buy and an average target price of $8.31.

Shares of NASDAQ TA opened at $3.60 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.45 and a debt-to-equity ratio of 4.27. TravelCenters of America has a one year low of $3.35 and a one year high of $6.10. The firm has a market capitalization of $145.42 million, a price-to-earnings ratio of -5.63 and a beta of 1.70.

TravelCenters of America (NASDAQ:TA) last issued its quarterly earnings data on Tuesday, May 7th. The specialty retailer reported ($0.36) EPS for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.06. TravelCenters of America had a negative return on equity of 4.51% and a negative net margin of 1.91%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the firm posted ($0.55) EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts forecast that TravelCenters of America will post -0.02 earnings per share for the current fiscal year.

In related news, COO Barry A. Richards sold 37,000 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $3.87, for a total transaction of $143,190.00. Following the completion of the sale, the chief operating officer now directly owns 215,235 shares in the company, valued at approximately $832,959.45. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Mark R. Young sold 101,010 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $3.68, for a total value of $371,716.80. Following the sale, the vice president now owns 181,988 shares of the company’s stock, valued at $669,715.84. The disclosure for this sale can be found here. Corporate insiders own 8.40% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Wealth & Pension Services Group Inc. bought a new stake in shares of TravelCenters of America during the 1st quarter worth $54,000. Arlington Partners LLC bought a new position in TravelCenters of America in the first quarter valued at about $68,000. Menta Capital LLC raised its position in TravelCenters of America by 26.1% in the first quarter. Menta Capital LLC now owns 20,160 shares of the specialty retailer’s stock valued at $83,000 after purchasing an additional 4,171 shares during the last quarter. Strategic Financial Services Inc bought a new position in TravelCenters of America in the first quarter valued at about $97,000. Finally, B. Riley Wealth Management Inc. bought a new position in TravelCenters of America in the first quarter valued at about $114,000. Institutional investors and hedge funds own 34.04% of the company’s stock.

About TravelCenters of America

TravelCenters of America LLC operates travel centers and standalone restaurants in the United States and Canada. Its travel centers offer a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as parking, truck repair and maintenance services, full service restaurants, quick service restaurants, and various customer amenities.

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