TravelCenters of America (NASDAQ:TA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday, Zacks.com reports. The brokerage currently has a $18.00 price objective on the specialty retailer’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 8.43% from the stock’s current price.

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 company. ValuEngine raised TravelCenters of America from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. B. Riley began coverage on TravelCenters of America in a research report on Monday, December 23rd. They issued a “buy” rating and a $35.00 target price on the stock. Finally, CIBC cut their target price on TravelCenters of America from $10.00 to $9.50 in a research report on Wednesday, October 23rd.

TravelCenters of America stock traded up $0.60 during midday trading on Tuesday, hitting $16.60. 43,922 shares of the company were exchanged, compared to its average volume of 176,878. The company’s fifty day moving average price is $13.43 and its 200-day moving average price is $10.93. The company has a market cap of $128.15 million, a PE ratio of -5.19 and a beta of 1.78. The company has a debt-to-equity ratio of 4.15, a current ratio of 0.89 and a quick ratio of 0.44. TravelCenters of America has a fifty-two week low of $8.77 and a fifty-two week high of $26.75.

TravelCenters of America (NASDAQ:TA) last released its quarterly earnings results on Tuesday, November 5th. The specialty retailer reported $0.23 EPS for the quarter, missing the consensus estimate of $1.29 by ($1.06). The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.49 billion. TravelCenters of America had a negative return on equity of 3.60% and a negative net margin of 0.26%. The business’s revenue was down 5.4% on a year-over-year basis. During the same period last year, the firm posted $0.04 earnings per share. On average, analysts expect that TravelCenters of America will post -2.43 EPS for the current fiscal year.

In other news, CEO Andrew J. Rebholz sold 8,469 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $9.05, for a total value of $76,644.45. Following the completion of the sale, the chief executive officer now directly owns 137,957 shares in the company, valued at approximately $1,248,510.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Barry A. Richards sold 4,277 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $9.05, for a total value of $38,706.85. Following the completion of the sale, the chief operating officer now owns 62,770 shares of the company’s stock, valued at $568,068.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,706 shares of company stock worth $151,189. 8.40% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of TA. Wells Fargo & Company MN grew its stake in TravelCenters of America by 27.4% during the 2nd quarter. Wells Fargo & Company MN now owns 51,718 shares of the specialty retailer’s stock worth $186,000 after buying an additional 11,117 shares during the last quarter. Algert Global LLC bought a new position in TravelCenters of America during the 2nd quarter worth $41,000. BlackRock Inc. grew its stake in TravelCenters of America by 23.5% during the 2nd quarter. BlackRock Inc. now owns 68,714 shares of the specialty retailer’s stock worth $249,000 after buying an additional 13,085 shares during the last quarter. Wealth & Pension Services Group Inc. grew its stake in TravelCenters of America by 120.0% during the 2nd quarter. Wealth & Pension Services Group Inc. now owns 28,841 shares of the specialty retailer’s stock worth $104,000 after buying an additional 15,729 shares during the last quarter. Finally, Millennium Management LLC bought a new position in TravelCenters of America during the 3rd quarter worth $1,243,000. Institutional investors and hedge funds own 34.79% of the company’s stock.

TravelCenters of America Company Profile

TravelCenters of America LLC operates travel centers and standalone restaurants in the United States and Canada. Its travel centers offer a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as parking, truck repair and maintenance services, full service restaurants, quick service restaurants, and various customer amenities.

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