TravelCenters of America LLC (NYSE:TA) Upgraded to “Hold” by Zacks Investment Research
Zacks Investment Research upgraded shares of TravelCenters of America LLC (NYSE:TA) from a strong sell rating to a hold rating in a report issued on Thursday, July 13th.
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 subject of a number of other reports. TheStreet cut TravelCenters of America from a c- rating to a d+ rating in a research note on Thursday, June 8th. FBR & Co reissued an outperform rating and set a $9.00 target price (down from $11.00) on shares of TravelCenters of America in a research note on Wednesday, May 10th. ValuEngine cut TravelCenters of America from a hold rating to a sell rating in a research note on Friday, June 2nd. Finally, Citigroup Inc. reissued a buy rating and set a $5.50 target price (down from $7.50) on shares of TravelCenters of America in a research note on Monday, May 15th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $7.25.
Shares of TravelCenters of America (NYSE TA) traded down 3.70% during midday trading on Thursday, reaching $3.90. 274,838 shares of the company were exchanged. The company’s market capitalization is $154.12 million. The stock’s 50-day moving average price is $3.83 and its 200-day moving average price is $5.37. TravelCenters of America has a 52-week low of $3.55 and a 52-week high of $8.45.
TravelCenters of America (NYSE:TA) last announced its quarterly earnings results on Tuesday, May 9th. The specialty retailer reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by $0.01. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.47 billion. TravelCenters of America had a negative net margin of 2.11% and a negative return on equity of 20.79%. The business’s revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.26) earnings per share. Analysts anticipate that TravelCenters of America will post ($0.45) EPS for the current year.
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In other news, insider Michael J. Lombardi bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was acquired at an average cost 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new stake in shares of TravelCenters of America during the fourth quarter valued at about $1,730,000. Two Sigma Investments LP increased its stake in shares of TravelCenters of America by 83.8% in the fourth quarter. Two Sigma Investments LP now owns 208,649 shares of the specialty retailer’s stock valued at $1,481,000 after buying an additional 95,149 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of TravelCenters of America by 1.9% in the first quarter. Acadian Asset Management LLC now owns 244,622 shares of the specialty retailer’s stock valued at $1,492,000 after buying an additional 4,676 shares in the last quarter. 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. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of TravelCenters of America by 8.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 1,600,000 shares of the specialty retailer’s stock valued at $9,760,000 after buying an additional 120,000 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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