TravelCenters of America (TA) PT Set at $10.00 by B. Riley

B. Riley set a $10.00 target price on TravelCenters of America (NASDAQ:TA) in a research note issued to investors on Thursday. The brokerage currently has a buy rating on the specialty retailer’s stock.

Several other research firms have also issued reports on TA. Zacks Investment Research lowered TravelCenters of America from a buy rating to a hold rating in a research note on Wednesday, November 8th. FBR & Co reissued a buy rating and set a $10.00 target price (up previously from $9.00) on shares of TravelCenters of America in a research note on Tuesday, September 12th. Finally, Citigroup lowered TravelCenters of America from a buy rating to a sell rating and set a $4.50 target price on the stock. in a research note on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $7.38.

TravelCenters of America (NASDAQ:TA) opened at $4.60 on Thursday. TravelCenters of America has a 12 month low of $2.95 and a 12 month high of $7.75. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 1.18.

A number of hedge funds and other institutional investors have recently modified their holdings of TA. Bank of America Corp DE increased its holdings in TravelCenters of America by 1,039.9% during the 1st quarter. Bank of America Corp DE now owns 189,604 shares of the specialty retailer’s stock worth $1,156,000 after purchasing an additional 172,971 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of TravelCenters of America by 92.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 300,604 shares of the specialty retailer’s stock valued at $1,834,000 after acquiring an additional 144,115 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of TravelCenters of America by 78.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 483,912 shares of the specialty retailer’s stock valued at $1,984,000 after acquiring an additional 212,201 shares during the last quarter. Boston Partners increased its holdings in shares of TravelCenters of America by 0.5% in the 2nd quarter. Boston Partners now owns 404,594 shares of the specialty retailer’s stock valued at $1,659,000 after acquiring an additional 2,047 shares during the last quarter. Finally, Falcon Point Capital LLC increased its holdings in shares of TravelCenters of America by 1.8% in the 2nd quarter. Falcon Point Capital LLC now owns 217,636 shares of the specialty retailer’s stock valued at $892,000 after acquiring an additional 3,932 shares during the last quarter. Institutional investors own 34.10% of the company’s stock.

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About TravelCenters of America

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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