TravelCenters of America LLC (NYSE:TA) was downgraded by Zacks Investment Research from a “buy” 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. “

Several other equities analysts have also issued reports on the stock. Citigroup Inc. lowered shares of TravelCenters of America from a “buy” rating to a “sell” rating and set a $4.50 target price for the company. in a report on Wednesday, October 11th. FBR & Co reiterated a “buy” rating and set a $10.00 target price (up from $9.00) on shares of TravelCenters of America in a report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. TravelCenters of America presently has an average rating of “Hold” and an average price target of $6.83.

TravelCenters of America (TA) opened at $4.53 on Wednesday. TravelCenters of America has a 1-year low of $2.95 and a 1-year high of $7.75.

TravelCenters of America (NYSE:TA) last released its earnings results on Tuesday, August 8th. The specialty retailer reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). TravelCenters of America had a negative net margin of 0.20% and a negative return on equity of 2.19%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the previous year, the business posted $0.09 earnings per share. TravelCenters of America’s revenue for the quarter was up 4.8% on a year-over-year basis.

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Several institutional investors and hedge funds have recently made changes to their positions in TA. Parametric Portfolio Associates LLC increased its position in shares of TravelCenters of America by 9.4% during the first quarter. Parametric Portfolio Associates LLC now owns 142,921 shares of the specialty retailer’s stock valued at $872,000 after acquiring an additional 12,243 shares in the last quarter. Bank of America Corp DE increased its position in shares of TravelCenters of America by 1,039.9% during the first quarter. Bank of America Corp DE now owns 189,604 shares of the specialty retailer’s stock valued at $1,156,000 after acquiring an additional 172,971 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in shares of TravelCenters of America during the first quarter valued at approximately $106,000. Goldman Sachs Group Inc. increased its position in shares of TravelCenters of America by 92.1% during the first quarter. Goldman Sachs Group Inc. now owns 300,604 shares of the specialty retailer’s stock valued at $1,834,000 after acquiring an additional 144,115 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of TravelCenters of America by 78.1% during the second quarter. Russell Investments Group Ltd. now owns 483,912 shares of the specialty retailer’s stock valued at $1,984,000 after acquiring an additional 212,201 shares in the last quarter.

TravelCenters of America Company Profile

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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