TravelCenters of America LLC (NYSE:TA) 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, Morningstar.com reports. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.55 billion. TravelCenters of America had a negative return on equity of 20.79% and a negative net margin of 2.11%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 earnings per share.
Shares of TravelCenters of America (NYSE:TA) opened at 3.55 on Friday. The firm has a 50-day moving average price of $3.81 and a 200-day moving average price of $5.09. The stock’s market cap is $140.42 million. TravelCenters of America has a 12 month low of $3.45 and a 12 month high of $7.75.
In other news, insider Michael J. Lombardi purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were acquired at an average price of $4.05 per share, for a total transaction of $40,500.00. Following the completion of the acquisition, the insider now directly owns 393,385 shares of the company’s stock, valued at $1,593,209.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
A number of hedge funds and other institutional investors have recently made changes to their positions in TA. Boston Partners increased its position in shares of TravelCenters of America by 0.5% in the second quarter. Boston Partners now owns 404,594 shares of the specialty retailer’s stock worth $1,659,000 after buying an additional 2,047 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of TravelCenters of America by 18.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 16,414 shares of the specialty retailer’s stock worth $100,000 after buying an additional 2,500 shares during the last quarter. Falcon Point Capital LLC increased its position in shares of TravelCenters of America by 1.8% in the second quarter. Falcon Point Capital LLC now owns 217,636 shares of the specialty retailer’s stock worth $892,000 after buying an additional 3,932 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of TravelCenters of America by 1.9% in the first quarter. Acadian Asset Management LLC now owns 244,622 shares of the specialty retailer’s stock worth $1,492,000 after buying an additional 4,676 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in shares of TravelCenters of America by 6.8% in the first quarter. Oppenheimer & Co. Inc. now owns 79,700 shares of the specialty retailer’s stock worth $486,000 after buying an additional 5,100 shares during the last quarter.
Several research analysts have recently weighed in on TA shares. Citigroup Inc. restated a “buy” rating and set a $5.50 target price (down from $7.50) on shares of TravelCenters of America in a report on Monday, May 15th. Zacks Investment Research upgraded TravelCenters of America from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 3rd. TheStreet cut TravelCenters of America from a “c-” rating to a “d+” rating in a report on Thursday, June 8th. ValuEngine cut TravelCenters of America from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, FBR & Co reiterated an “outperform” rating and issued a $9.00 price objective (down from $11.00) on shares of TravelCenters of America in a report on Wednesday, May 10th. Two investment analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $7.25.
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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