Shares of Speedway Motorsports, Inc. (NYSE:TRK) have been assigned a consensus broker rating score of 3.00 (Hold) from the three analysts that cover the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold rating.

Analysts have set a twelve-month consensus price target of $18.25 for the company and are predicting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also given Speedway Motorsports an industry rank of 213 out of 265 based on the ratings given to related companies.

A number of analysts recently weighed in on TRK shares. Zacks Investment Research downgraded shares of Speedway Motorsports from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. TheStreet cut shares of Speedway Motorsports from a “b” rating to a “c+” rating in a research note on Wednesday, October 25th.

Shares of Speedway Motorsports (NYSE:TRK) traded up $0.23 during trading on Friday, reaching $19.16. 38,000 shares of the company’s stock traded hands, compared to its average volume of 29,300. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.42 and a quick ratio of 1.33. Speedway Motorsports has a 12-month low of $16.80 and a 12-month high of $23.47. The company has a market cap of $773.47, a price-to-earnings ratio of 22.54, a PEG ratio of -5.12 and a beta of 0.88.

Speedway Motorsports (NYSE:TRK) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). Speedway Motorsports had a return on equity of 4.79% and a net margin of 7.26%. The company had revenue of $137.61 million for the quarter, compared to the consensus estimate of $141.79 million. sell-side analysts forecast that Speedway Motorsports will post 0.95 EPS for the current year.

In related news, Director Mark M. Gambill sold 12,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $20.00, for a total value of $240,000.00. Following the completion of the transaction, the director now owns 40,428 shares of the company’s stock, valued at $808,560. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 72.00% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in Speedway Motorsports by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,159,301 shares of the company’s stock valued at $57,720,000 after buying an additional 27,458 shares during the period. Vanguard Group Inc. grew its stake in Speedway Motorsports by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,038,139 shares of the company’s stock valued at $18,966,000 after purchasing an additional 64,192 shares during the period. potrero capital research llc grew its stake in shares of Speedway Motorsports by 9.0% during the 2nd quarter. potrero capital research llc now owns 288,622 shares of the company’s stock worth $5,273,000 after acquiring an additional 23,767 shares during the period. State Street Corp grew its stake in shares of Speedway Motorsports by 3.6% during the 2nd quarter. State Street Corp now owns 226,235 shares of the company’s stock worth $4,131,000 after acquiring an additional 7,871 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Speedway Motorsports by 1.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 216,149 shares of the company’s stock worth $3,949,000 after acquiring an additional 3,010 shares during the period. Institutional investors own 21.18% of the company’s stock.

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About Speedway Motorsports

Speedway Motorsports, Inc (SMI), through its operating subsidiaries, is a promoter, marketer and sponsor of motorsports activities in the United States. The Company’s operations consist of promoting, marketing and sponsoring motorsports racing events, merchandising and other related activities conducted at its various speedway facilities located in the United States.

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