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. “
Separately, Craig Hallum lowered shares of TravelCenters of America from a buy rating to a hold rating in a research note on Monday, August 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $12.33.
Shares of TravelCenters of America (NYSE:TA) opened at 6.85 on Wednesday. TravelCenters of America has a 52-week low of $6.41 and a 52-week high of $12.67. The company’s 50-day moving average price is $6.88 and its 200-day moving average price is $7.37. The firm has a market capitalization of $266.14 million, a P/E ratio of 148.91 and a beta of 2.92.
TravelCenters of America (NYSE:TA) last announced its earnings results on Monday, August 8th. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.10. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.43 billion. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. On average, equities research analysts expect that TravelCenters of America will post $0.07 EPS for the current fiscal year.
In other news, VP Mark R. Young sold 33,855 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $7.47, for a total transaction of $252,896.85. Following the completion of the transaction, the vice president now directly owns 148,500 shares in the company, valued at approximately $1,109,295. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several institutional investors have recently bought and sold shares of TA. National Investment Services Inc. WI acquired a new position in TravelCenters of America during the second quarter worth approximately $111,000. State Street Corp boosted its stake in shares of TravelCenters of America by 3.3% in the second quarter. State Street Corp now owns 15,985 shares of the company’s stock worth $130,000 after buying an additional 506 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of TravelCenters of America during the second quarter worth about $194,000. Highbridge Capital Management LLC purchased a new stake in shares of TravelCenters of America during the second quarter worth about $242,000. Finally, Dynamic Technology Lab Private Ltd boosted its stake in shares of TravelCenters of America by 143.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 31,560 shares of the company’s stock worth $257,000 after buying an additional 18,589 shares during the last quarter.
About TravelCenters of America
TravelCenters of America LLC (TravelCenters) operates and franchises approximately 460 travel centers and convenience store locations. The Company’s segments include travel centers and convenience stores. Its customers include trucking fleets and their drivers, independent truck drivers and highway and local motorists.
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