TravelCenters of America LLC (NYSE:TA) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research note issued on Wednesday. The brokerage currently has a $6.00 price objective on the specialty retailer’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 18.81% from the company’s current price.

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. “

A number of other equities research analysts have also recently weighed in on the company. FBR & Co set a $9.00 price target on TravelCenters of America and gave the company a “buy” rating in a report on Wednesday, August 30th. Citigroup Inc. cut TravelCenters of America from a “buy” rating to a “sell” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $7.17.

Shares of TravelCenters of America (TA) traded down 5.61% on Wednesday, reaching $5.05. The company had a trading volume of 661,385 shares. The company’s 50-day moving average is $4.03 and its 200 day moving average is $4.40. The firm’s market capitalization is $199.76 million. TravelCenters of America has a 12 month low of $2.95 and a 12 month high of $7.75.

TravelCenters of America (NYSE:TA) last posted its earnings results on Tuesday, August 8th. The specialty retailer reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.55 billion. TravelCenters of America had a negative return on equity of 2.19% and a negative net margin of 0.20%. TravelCenters of America’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 EPS. Equities analysts forecast that TravelCenters of America will post ($0.69) earnings per share for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of TravelCenters of America by 18.0% in the 1st 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 during the period. Highbridge Capital Management LLC acquired a new stake in shares of TravelCenters of America in the 1st quarter valued at $106,000. Menta Capital LLC increased its stake in shares of TravelCenters of America by 71.0% in the 1st 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 during the period. State Street Corp increased its stake in shares of TravelCenters of America by 29.5% in the 2nd 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 during the period. Finally, Oppenheimer & Co. Inc. increased its stake in shares of TravelCenters of America by 6.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 79,700 shares of the specialty retailer’s stock valued at $486,000 after buying an additional 5,100 shares during the period.

TravelCenters of America Company Profile

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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