TravelCenters of America (NASDAQ:TA) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of TravelCenters of America (NASDAQ:TA) from a strong sell rating to a hold rating in a research report report published on Tuesday morning, Zacks.com reports.

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 research reports. B. Riley cut their target price on shares of TravelCenters of America from $45.00 to $34.00 and set a buy rating for the company in a research report on Tuesday, August 6th. ValuEngine lowered shares of TravelCenters of America from a buy rating to a hold rating in a research report on Wednesday, September 4th.

TravelCenters of America stock opened at $10.62 on Tuesday. The company has a debt-to-equity ratio of 4.21, a current ratio of 0.90 and a quick ratio of 0.45. TravelCenters of America has a fifty-two week low of $10.52 and a fifty-two week high of $26.75. The firm has a fifty day moving average price of $12.91 and a two-hundred day moving average price of $7.15.

TravelCenters of America (NASDAQ:TA) last released its earnings results on Monday, August 5th. The specialty retailer reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.70). The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.57 billion. TravelCenters of America had a negative return on equity of 3.79% and a negative net margin of 1.42%. The firm’s revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) EPS. Analysts forecast that TravelCenters of America will post -1.24 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wealth & Pension Services Group Inc. raised its position in shares of TravelCenters of America by 120.0% during the second quarter. Wealth & Pension Services Group Inc. now owns 28,841 shares of the specialty retailer’s stock valued at $104,000 after buying an additional 15,729 shares during the last quarter. Algert Global LLC acquired a new position in shares of TravelCenters of America during the second quarter valued at about $41,000. BlackRock Inc. raised its position in shares of TravelCenters of America by 23.5% during the second quarter. BlackRock Inc. now owns 68,714 shares of the specialty retailer’s stock valued at $249,000 after buying an additional 13,085 shares during the last quarter. Perritt Capital Management Inc. raised its position in shares of TravelCenters of America by 6.2% during the second quarter. Perritt Capital Management Inc. now owns 380,370 shares of the specialty retailer’s stock valued at $1,377,000 after buying an additional 22,310 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of TravelCenters of America by 3.0% during the second quarter. Oppenheimer & Co. Inc. now owns 108,900 shares of the specialty retailer’s stock valued at $394,000 after buying an additional 3,200 shares during the last quarter.

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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