TravelCenters of America LLC (NYSE:TA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

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. “

Other equities analysts have also issued reports about the stock. Craig Hallum lowered shares of TravelCenters of America from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. FBR & Co dropped their target price on shares of TravelCenters of America from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Wednesday, November 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. TravelCenters of America has a consensus rating of “Hold” and an average target price of $11.67.

Shares of TravelCenters of America (NYSE:TA) opened at 6.90 on Friday. TravelCenters of America has a 1-year low of $5.65 and a 1-year high of $10.48. The stock has a 50 day moving average of $6.67 and a 200-day moving average of $7.30. The company has a market capitalization of $268.08 million, a price-to-earnings ratio of 150.00 and a beta of 2.92.

TravelCenters of America (NYSE:TA) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the business earned $0.26 EPS. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. Analysts forecast that TravelCenters of America will post $0.10 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. National Investment Services Inc. WI acquired a new position in TravelCenters of America during the second quarter valued at approximately $111,000. State Street Corp increased its position in TravelCenters of America by 3.3% in the second quarter. State Street Corp now owns 15,985 shares of the company’s stock valued at $130,000 after buying an additional 506 shares during the period. Wedbush Securities Inc. increased its position in TravelCenters of America by 5.2% in the third quarter. Wedbush Securities Inc. now owns 26,300 shares of the company’s stock valued at $188,000 after buying an additional 1,300 shares during the period. Trexquant Investment LP acquired a new position in TravelCenters of America during the second quarter valued at approximately $194,000. Finally, Highbridge Capital Management LLC acquired a new position in TravelCenters of America during the second quarter valued at approximately $242,000.

TravelCenters of America Company Profile

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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