FBR & Co set a $9.00 target price on TravelCenters of America LLC (NYSE:TA) in a research note released on Wednesday, August 30th. The firm currently has a buy rating on the specialty retailer’s stock.
Other research analysts have also recently issued reports about the stock. Citigroup Inc. reissued 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. TheStreet cut shares of TravelCenters of America from a c- rating to a d+ rating in a report on Thursday, June 8th. Zacks Investment Research raised shares of TravelCenters of America from a strong sell rating to a hold rating in a report on Thursday, July 13th. Finally, ValuEngine cut shares of TravelCenters of America from a hold rating to a sell rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. TravelCenters of America has a consensus rating of Hold and an average target price of $7.75.
Shares of TravelCenters of America (NYSE TA) traded up 1.12% during trading on Wednesday, hitting $4.50. The company had a trading volume of 433,854 shares. The firm’s market capitalization is $178.00 million. TravelCenters of America has a 52-week low of $2.95 and a 52-week high of $7.75. The stock’s 50-day moving average is $3.60 and its 200 day moving average is $4.59.
TravelCenters of America (NYSE:TA) last posted its quarterly earnings results on Tuesday, August 8th. The specialty retailer reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.55 billion. TravelCenters of America had a negative return on equity of 2.19% and a negative net margin of 0.20%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 earnings per share. Equities research analysts predict that TravelCenters of America will post ($0.68) earnings per share for the current fiscal year.
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Institutional investors have recently modified their holdings of the business. Los Angeles Capital Management & Equity Research Inc. increased its holdings in TravelCenters of America by 18.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 16,414 shares of the specialty retailer’s stock valued at $100,000 after buying an additional 2,500 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in TravelCenters of America in the first quarter valued at about $106,000. Brandes Investment Partners LP purchased a new position in TravelCenters of America in the first quarter valued at about $109,000. State Street Corp increased its holdings in TravelCenters of America by 29.5% in the second quarter. State Street Corp now owns 41,685 shares of the specialty retailer’s stock valued at $171,000 after buying an additional 9,506 shares in the last quarter. Finally, Menta Capital LLC increased its holdings in TravelCenters of America by 71.0% in the first quarter. Menta Capital LLC now owns 30,113 shares of the specialty retailer’s stock valued at $184,000 after buying an additional 12,505 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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