TravelCenters of America LLC (NYSE:TA) shares were down 6.4% on Tuesday following a weaker than expected earnings announcement. The stock traded as low as $3.50 and last traded at $3.65, with a volume of 689,235 shares traded. The stock had previously closed at $3.90.

The specialty retailer reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 net margin of 2.11% and a negative return on equity of 20.79%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.09 earnings per share.

A number of analysts have issued reports on TA shares. Zacks Investment Research raised TravelCenters of America from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 3rd. FBR & Co reaffirmed an “outperform” rating and set a $9.00 price target (down from $11.00) on shares of TravelCenters of America in a report on Wednesday, May 10th. Citigroup Inc. reaffirmed a “buy” rating and set a $5.50 price target (down from $7.50) on shares of TravelCenters of America in a report on Monday, May 15th. ValuEngine downgraded TravelCenters of America from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, TheStreet downgraded TravelCenters of America from a “c-” rating to a “d+” rating in a report on Thursday, June 8th. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. TravelCenters of America currently has an average rating of “Hold” and an average price target of $7.25.

In other TravelCenters of America news, insider Michael J. Lombardi purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was bought at an average cost of $4.05 per share, with a total value of $40,500.00. Following the acquisition, the insider now directly owns 393,385 shares of the company’s stock, valued at $1,593,209.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

A number of hedge funds have recently made changes to their positions in the company. 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 worth $1,492,000 after buying an additional 4,676 shares during the period. 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 worth $293,000 after buying an additional 12,000 shares during the period. 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 worth $9,760,000 after buying an additional 120,000 shares during the period. Russell Investments Group Ltd. increased its stake in shares of TravelCenters of America by 13.9% in the first quarter. Russell Investments Group Ltd. now owns 271,711 shares of the specialty retailer’s stock worth $1,657,000 after buying an additional 33,101 shares during the period. Finally, Falcon Point Capital LLC increased its stake in shares of TravelCenters of America by 3.1% in the first quarter. Falcon Point Capital LLC now owns 213,704 shares of the specialty retailer’s stock worth $1,304,000 after buying an additional 6,513 shares during the period.

The stock has a 50 day moving average price of $3.83 and a 200 day moving average price of $5.37. The firm’s market capitalization is $144.24 million.

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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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