TravelCenters of America LLC (NASDAQ:TA) shot up 3.6% on Wednesday after B. Riley raised their price target on the stock to $10.00. B. Riley currently has a buy rating on the stock. TravelCenters of America traded as high as $6.10 and last traded at $5.80. 11,674 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 148,757 shares. The stock had previously closed at $5.60.
A number of other research firms have also recently commented on TA. Zacks Investment Research cut TravelCenters of America from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 21st. Craig Hallum began coverage on TravelCenters of America in a research note on Monday, July 16th. They issued a “buy” rating and a $6.50 target price for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. TravelCenters of America currently has an average rating of “Buy” and a consensus price target of $7.80.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC raised its stake in TravelCenters of America by 300.4% during the second quarter. Citadel Advisors LLC now owns 30,349 shares of the specialty retailer’s stock valued at $106,000 after buying an additional 22,770 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in TravelCenters of America by 48.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,706 shares of the specialty retailer’s stock valued at $132,000 after buying an additional 12,290 shares during the last quarter. Wells Fargo & Company MN raised its stake in TravelCenters of America by 57.0% during the fourth quarter. Wells Fargo & Company MN now owns 40,522 shares of the specialty retailer’s stock valued at $166,000 after buying an additional 14,708 shares during the last quarter. NJ State Employees Deferred Compensation Plan purchased a new position in TravelCenters of America during the second quarter valued at $193,000. Finally, Ancora Advisors LLC raised its stake in TravelCenters of America by 64.0% during the first quarter. Ancora Advisors LLC now owns 61,624 shares of the specialty retailer’s stock valued at $222,000 after buying an additional 24,048 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.
The firm has a market capitalization of $173.01 million, a P/E ratio of -18.67 and a beta of 1.58. The company has a quick ratio of 0.67, a current ratio of 1.22 and a debt-to-equity ratio of 1.29.
TravelCenters of America (NASDAQ:TA) last posted its earnings results on Monday, August 6th. The specialty retailer reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.26). The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. TravelCenters of America had a negative return on equity of 6.19% and a negative net margin of 0.04%. The firm’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.08) EPS. equities analysts anticipate that TravelCenters of America LLC will post -0.68 earnings per share for the current year.
About TravelCenters of America (NASDAQ:TA)
TravelCenters of America LLC operates travel centers and convenience stores in the United States and Canada. It operates in two segments, Travel Centers and Convenience Stores. Its travel centers offer 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 (QSR), and various customer amenities.
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