Zacks Investment Research downgraded shares of TravelCenters of America LLC (NYSE:TA) from a hold rating to a sell rating in a research note published on Tuesday morning.
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. “
A number of other research firms have also issued reports on TA. FBR & Co reissued an outperform rating and issued a $9.00 price target (down from $11.00) on shares of TravelCenters of America in a research report on Wednesday, May 10th. Citigroup Inc. reissued a buy rating and issued a $5.50 price target (down from $7.50) on shares of TravelCenters of America in a research report on Monday, May 15th. ValuEngine lowered shares of TravelCenters of America from a hold rating to a sell rating in a research report on Friday, June 2nd. Finally, TheStreet lowered shares of TravelCenters of America from a c- rating to a d+ rating in a research report on Thursday, June 8th. Two investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. TravelCenters of America presently has a consensus rating of Hold and a consensus target price of $7.25.
TravelCenters of America (TA) opened at 3.55 on Tuesday. The firm’s market cap is $140.42 million. The stock has a 50 day moving average of $3.81 and a 200-day moving average of $5.09. TravelCenters of America has a 52-week low of $3.45 and a 52-week high of $7.75.
TravelCenters of America (NYSE:TA) last posted its quarterly earnings results on Tuesday, August 8th. The specialty retailer reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.55 billion. TravelCenters of America had a negative return on equity of 20.79% and a negative net margin of 2.11%. TravelCenters of America’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share. On average, analysts expect that TravelCenters of America will post ($0.69) EPS for the current year.
In other TravelCenters of America news, insider Michael J. Lombardi acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were purchased at an average price of $4.05 per share, with a total value of $40,500.00. Following the completion of the transaction, the insider now owns 393,385 shares in the company, valued at $1,593,209.25. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Institutional investors have recently added to or reduced their stakes in the stock. Signia Capital Management LLC raised its position in TravelCenters of America by 494.1% in the second quarter. Signia Capital Management LLC now owns 667,202 shares of the specialty retailer’s stock worth $2,736,000 after buying an additional 554,894 shares in the last quarter. Sterneck Capital Management LLC raised its position in TravelCenters of America by 42.5% in the second quarter. Sterneck Capital Management LLC now owns 816,871 shares of the specialty retailer’s stock worth $3,349,000 after buying an additional 243,673 shares in the last quarter. Russell Investments Group Ltd. raised its position in TravelCenters of America by 78.1% in the second quarter. Russell Investments Group Ltd. now owns 483,912 shares of the specialty retailer’s stock worth $1,984,000 after buying an additional 212,201 shares in the last quarter. Anchor Capital Advisors LLC purchased a new position in TravelCenters of America during the first quarter worth approximately $1,235,000. Finally, Bank of America Corp DE raised its position in TravelCenters of America by 1,039.9% in the first quarter. Bank of America Corp DE now owns 189,604 shares of the specialty retailer’s stock worth $1,156,000 after buying an additional 172,971 shares in the last quarter.
About TravelCenters of America
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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