TravelCenters of America (NASDAQ:TA) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of TravelCenters of America (NASDAQ:TA – Get Rating) in a report issued on Saturday morning. The brokerage issued a buy rating on the specialty retailer’s stock.

Other equities analysts have also issued reports about the company. BMO Capital Markets upped their target price on TravelCenters of America from $60.00 to $86.00 and gave the stock a market perform rating in a research note on Friday, February 17th. B. Riley lowered TravelCenters of America from a buy rating to a neutral rating and upped their target price for the stock from $75.00 to $86.00 in a research note on Friday, February 17th. Finally, Benchmark lowered TravelCenters of America from a buy rating to a hold rating in a research note on Friday, February 17th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, TravelCenters of America presently has an average rating of Hold and an average target price of $80.50.

TravelCenters of America Stock Performance

Shares of NASDAQ:TA traded down $0.05 during midday trading on Friday, reaching $84.39. 685,289 shares of the company traded hands, compared to its average volume of 978,150. The company has a quick ratio of 1.15, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. TravelCenters of America has a 12 month low of $31.19 and a 12 month high of $85.06. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 7.64 and a beta of 1.47. The firm’s fifty day moving average price is $63.40 and its two-hundred day moving average price is $56.14.

Hedge Funds Weigh In On TravelCenters of America

Institutional investors have recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in TravelCenters of America during the 3rd quarter valued at about $16,179,000. Mesirow Institutional Investment Management Inc. purchased a new stake in TravelCenters of America during the 3rd quarter valued at about $11,404,000. Portolan Capital Management LLC boosted its holdings in TravelCenters of America by 40.3% during the 3rd quarter. Portolan Capital Management LLC now owns 612,005 shares of the specialty retailer’s stock valued at $33,005,000 after acquiring an additional 175,902 shares during the period. Norges Bank purchased a new stake in TravelCenters of America during the 4th quarter valued at about $6,493,000. Finally, Millennium Management LLC boosted its holdings in TravelCenters of America by 75.8% during the 4th quarter. Millennium Management LLC now owns 233,653 shares of the specialty retailer’s stock valued at $10,463,000 after acquiring an additional 100,762 shares during the period. 71.90% of the stock is currently owned by institutional investors.

About TravelCenters of America

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TravelCenters of America Inc operates travel centers, truck service facilities, and restaurants in the United States and Canada. The company's travel centers offer various products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as a range of truck repair and maintenance services, diesel exhaust fluids, full service restaurants, quick service restaurants, and various customer amenities.