TheStreet Lowers TravelCenters of America (TA) to D

TheStreet cut shares of TravelCenters of America (NASDAQ:TA) from a c- rating to a d rating in a report published on Thursday.

Other equities research analysts have also recently issued research reports about the stock. B. Riley set a $9.00 price objective on shares of TravelCenters of America and gave the stock a buy rating in a research note on Wednesday, February 28th. Zacks Investment Research raised shares of TravelCenters of America from a sell rating to a hold rating in a research note on Friday, March 9th. Finally, Citigroup set a $4.00 price objective on shares of TravelCenters of America and gave the stock a hold rating in a research note on Monday, March 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. TravelCenters of America has an average rating of Hold and a consensus target price of $7.00.

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Shares of NASDAQ:TA opened at $3.75 on Thursday. TravelCenters of America has a twelve month low of $2.95 and a twelve month high of $6.35. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.58 and a current ratio of 1.22. The company has a market capitalization of $150.01, a P/E ratio of -12.50 and a beta of 1.71.

TravelCenters of America (NASDAQ:TA) last issued its quarterly earnings results on Wednesday, February 28th. The specialty retailer reported ($0.52) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.47). TravelCenters of America had a negative return on equity of 2.20% and a net margin of 0.15%. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the company posted ($0.17) EPS. TravelCenters of America’s quarterly revenue was up 12.5% compared to the same quarter last year. analysts forecast that TravelCenters of America will post -0.12 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Two Sigma Securities LLC acquired a new stake in shares of TravelCenters of America during the 4th quarter worth approximately $113,000. Jane Street Group LLC acquired a new stake in shares of TravelCenters of America during the 3rd quarter worth approximately $169,000. Wells Fargo & Company MN grew its stake in shares of TravelCenters of America by 57.0% during the 4th quarter. Wells Fargo & Company MN now owns 40,522 shares of the specialty retailer’s stock worth $166,000 after purchasing an additional 14,708 shares during the period. State Street Corp grew its stake in shares of TravelCenters of America by 29.5% during the 2nd quarter. State Street Corp now owns 41,685 shares of the specialty retailer’s stock worth $171,000 after purchasing an additional 9,506 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of TravelCenters of America by 354.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 65,876 shares of the specialty retailer’s stock valued at $276,000 after buying an additional 51,374 shares in the last quarter. 33.04% of the stock is currently owned by institutional investors and hedge funds.

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TravelCenters of America Company Profile

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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