TravelCenters of America LLC (NYSE:TA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

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 recently issued reports about the stock. FBR & Co reaffirmed an “outperform” rating and issued a $9.00 target price (down from $11.00) on shares of TravelCenters of America in a report on Wednesday, May 10th. Citigroup Inc. reaffirmed a “buy” rating and issued a $5.50 target price (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. Finally, ValuEngine cut shares of TravelCenters of America from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $7.25.

TravelCenters of America (NYSE TA) traded down 2.78% during mid-day trading on Tuesday, reaching $3.50. 40,408 shares of the company’s stock traded hands. The stock’s market capitalization is $138.45 million. The stock’s 50 day moving average is $3.86 and its 200-day moving average is $5.16. TravelCenters of America has a 52 week low of $3.45 and a 52 week high of $7.75.

TravelCenters of America (NYSE:TA) last issued its earnings results on Tuesday, August 8th. The specialty retailer reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.55 billion. TravelCenters of America had a negative net margin of 2.11% and a negative return on equity of 20.79%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business earned $0.09 EPS. On average, equities analysts anticipate that TravelCenters of America will post ($0.60) EPS for the current year.

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In other news, insider Michael J. Lombardi acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were purchased at an average cost of $4.05 per share, for a total transaction of $40,500.00. Following the transaction, the insider now directly owns 393,385 shares in the company, valued at approximately $1,593,209.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional investors have recently bought and sold shares of the stock. Signia Capital Management LLC raised its position in TravelCenters of America by 494.1% in the second quarter. Signia Capital Management LLC now owns 667,202 shares of the specialty retailer’s stock worth $2,736,000 after buying an additional 554,894 shares during the period. Sterneck Capital Management LLC raised its position in TravelCenters of America by 62.6% in the first quarter. Sterneck Capital Management LLC now owns 573,198 shares of the specialty retailer’s stock worth $3,497,000 after buying an additional 220,601 shares during the period. Russell Investments Group Ltd. raised its position in TravelCenters of America by 78.1% in the second quarter. Russell Investments Group Ltd. now owns 483,912 shares of the specialty retailer’s stock worth $1,984,000 after buying an additional 212,201 shares during the period. Anchor Capital Advisors LLC purchased a new position in TravelCenters of America during the first quarter worth $1,235,000. Finally, Bank of America Corp DE raised its position in TravelCenters of America by 1,039.9% in the first quarter. Bank of America Corp DE now owns 189,604 shares of the specialty retailer’s stock worth $1,156,000 after buying an additional 172,971 shares during the period.

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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