TravelCenters of America (NASDAQ:TA) Shares Gap Down to $46.65

TravelCenters of America Inc. (NASDAQ:TA) shares gapped down prior to trading on Friday . The stock had previously closed at $46.65, but opened at $45.29. TravelCenters of America shares last traded at $45.62, with a volume of 209 shares traded.

Several analysts have issued reports on TA shares. DA Davidson cut their target price on TravelCenters of America from $76.00 to $72.00 in a research note on Wednesday. B. Riley upped their target price on TravelCenters of America from $48.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, November 3rd. Zacks Investment Research lowered TravelCenters of America from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 7th. BMO Capital Markets lowered TravelCenters of America from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $44.00 to $60.00 in a research note on Monday, October 11th. Finally, Royal Bank of Canada boosted their price objective on TravelCenters of America from $14.00 to $17.00 and gave the company an “outperform” rating in a research report on Wednesday, November 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, TravelCenters of America currently has an average rating of “Buy” and a consensus target price of $58.67.

The company has a quick ratio of 1.38, a current ratio of 1.68 and a debt-to-equity ratio of 0.76. The company has a 50-day simple moving average of $52.97 and a two-hundred day simple moving average of $45.62. The stock has a market cap of $652.75 million, a P/E ratio of 16.50 and a beta of 2.01.

TravelCenters of America (NASDAQ:TA) last announced its earnings results on Monday, November 1st. The specialty retailer reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.35. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.93 billion. TravelCenters of America had a return on equity of 6.38% and a net margin of 0.60%. During the same quarter in the prior year, the company earned $0.65 earnings per share. As a group, sell-side analysts forecast that TravelCenters of America Inc. will post 3.23 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Boston Partners raised its holdings in TravelCenters of America by 1.4% in the second quarter. Boston Partners now owns 49,741 shares of the specialty retailer’s stock worth $1,454,000 after purchasing an additional 666 shares in the last quarter. SG Americas Securities LLC bought a new position in TravelCenters of America in the third quarter worth $888,000. Invesco Ltd. raised its holdings in TravelCenters of America by 140.5% in the second quarter. Invesco Ltd. now owns 116,614 shares of the specialty retailer’s stock worth $3,410,000 after purchasing an additional 68,126 shares in the last quarter. National Asset Management Inc. raised its holdings in TravelCenters of America by 76.9% in the second quarter. National Asset Management Inc. now owns 18,751 shares of the specialty retailer’s stock worth $549,000 after purchasing an additional 8,151 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in TravelCenters of America by 149.3% in the second quarter. Public Employees Retirement System of Ohio now owns 1,967 shares of the specialty retailer’s stock worth $58,000 after purchasing an additional 1,178 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

About TravelCenters of America (NASDAQ:TA)

TravelCenters of America Inc 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, diesel exhaust fluid, and truck repair and maintenance, and roadside services, as well as operates full service and quick service restaurants, and various customer amenities.

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