TravelCenters of America (NASDAQ:TA) Stock Price Up 6.1%

TravelCenters of America LLC (NASDAQ:TA)’s share price rose 6.1% on Thursday . The company traded as high as $20.82 and last traded at $20.74. Approximately 112,527 shares changed hands during trading, a decline of 49% from the average daily volume of 222,153 shares. The stock had previously closed at $19.54.

Several analysts have recently commented on the company. Citigroup assumed coverage on TravelCenters of America in a report on Tuesday, September 8th. They set a “buy” rating and a $29.00 price objective for the company. Zacks Investment Research downgraded TravelCenters of America from a “hold” rating to a “sell” rating in a research report on Tuesday, August 4th. CIBC downgraded TravelCenters of America to a “neutral” rating and set a $9.50 target price on the stock. in a research report on Tuesday, July 21st. BidaskClub downgraded TravelCenters of America from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Finally, ValuEngine downgraded TravelCenters of America from a “buy” rating to a “hold” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $24.10.

The firm has a 50-day simple moving average of $19.66 and a two-hundred day simple moving average of $14.37. The company has a market capitalization of $298.62 million, a price-to-earnings ratio of 5.50 and a beta of 2.03. The company has a current ratio of 1.09, a quick ratio of 0.69 and a debt-to-equity ratio of 3.88.

TravelCenters of America (NASDAQ:TA) last announced its quarterly earnings results on Wednesday, August 5th. The specialty retailer reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.09). The company had revenue of $986.10 million for the quarter, compared to analyst estimates of $913.02 million. TravelCenters of America had a negative return on equity of 2.79% and a net margin of 0.53%. Equities research analysts anticipate that TravelCenters of America LLC will post -0.34 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Two Sigma Advisers LP grew its position in shares of TravelCenters of America by 16.5% during the 2nd quarter. Two Sigma Advisers LP now owns 21,979 shares of the specialty retailer’s stock valued at $338,000 after acquiring an additional 3,112 shares during the period. Advisor OS LLC acquired a new stake in shares of TravelCenters of America during the 2nd quarter valued at about $971,000. Advisor Group Holdings Inc. grew its position in shares of TravelCenters of America by 3,833.3% during the 2nd quarter. Advisor Group Holdings Inc. now owns 2,360 shares of the specialty retailer’s stock valued at $36,000 after acquiring an additional 2,300 shares during the period. Goldman Sachs Group Inc. grew its position in shares of TravelCenters of America by 52.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 311,542 shares of the specialty retailer’s stock valued at $4,798,000 after acquiring an additional 107,129 shares during the period. Finally, Lincoln National Corp acquired a new stake in shares of TravelCenters of America during the 2nd quarter valued at about $200,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

About TravelCenters of America (NASDAQ:TA)

TravelCenters of America LLC operates travel centers and standalone restaurants in the United States and Canada. Its travel centers offer a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as parking, truck repair and maintenance services, full service restaurants, quick service restaurants, and various customer amenities.

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