Zacks Investment Research Upgrades TravelCenters of America LLC (TA) to Hold
TravelCenters of America LLC (NYSE:TA) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday.
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. “
Separately, Craig Hallum cut TravelCenters of America from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.33.
TravelCenters of America (NYSE:TA) opened at 6.90 on Wednesday. The stock’s 50 day moving average is $6.88 and its 200 day moving average is $7.37. The company has a market cap of $268.08 million, a price-to-earnings ratio of 150.00 and a beta of 2.92. TravelCenters of America has a 52-week low of $6.41 and a 52-week high of $12.67.
TravelCenters of America (NYSE:TA) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.10. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.43 billion. The company’s revenue was down 8.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 EPS. On average, analysts predict that TravelCenters of America will post $0.07 earnings per share for the current fiscal year.
In other TravelCenters of America news, VP Mark R. Young sold 33,855 shares of TravelCenters of America stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $7.47, for a total transaction of $252,896.85. Following the completion of the transaction, the vice president now directly owns 148,500 shares of the company’s stock, valued at $1,109,295. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TA. Boston Partners acquired a new position in TravelCenters of America during the second quarter worth about $2,912,000. Stifel Financial Corp acquired a new position in TravelCenters of America during the second quarter worth about $2,082,000. Royce & Associates LP boosted its position in TravelCenters of America by 13.5% in the first quarter. Royce & Associates LP now owns 1,844,422 shares of the company’s stock worth $12,487,000 after buying an additional 219,000 shares in the last quarter. Sterneck Capital Management LLC acquired a new position in TravelCenters of America during the second quarter worth about $1,145,000. Finally, Emerald Acquisition Ltd. acquired a new position in TravelCenters of America during the second quarter worth about $1,056,000.
About TravelCenters of America
TravelCenters of America LLC (TravelCenters) operates and franchises approximately 460 travel centers and convenience store locations. The Company’s segments include travel centers and convenience stores. Its customers include trucking fleets and their drivers, independent truck drivers and highway and local motorists.
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