Craig-Hallum Downgrades TravelCenters of America LLC to Hold

Brokerage firm Craig-Hallum Downgrades its rating on TravelCenters of America LLC(NASDAQ:TA). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Craig-Hallum was issued on Aug 9, 2016.

TravelCenters of America LLC (TA) shares turned negative on Wednesdays trading session with the shares closing down -0.12 points or -1.64% at a volume of 4,57,708. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.31. The peak price level was also seen at $7.31 while the days lowest was $7.08. Finally the shares closed at $7.19. The 52-week high of the shares is $13.465 while the 52-week low is $6.41. According to the latest information available, the market cap of the company is $279 M.

TravelCenters of America LLC(TA) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.45B. Analysts had an estimated revenue of $1.43B. Earnings per share were $0.09. Analysts had estimated an EPS of $0.19.

Several Insider Transactions has been reported to the SEC. On May 13, 2016, Mark R Young (Exec. VP and General Counsel) sold 30,000 shares at $7.19 per share price.Also, On May 13, 2016, Barry A. Richards (Executive Vice President) sold 53,309 shares at $7.13 per share price.On Aug 26, 2015, Andrew J Rebholz (Exec. VP, CFO and Treasurer) sold 8,000 shares at $12.47 per share price, according to the Form-4 filing with the securities and exchange commission.

TravelCenters of America LLC (TravelCenters) operates and franchises approximately 284 travel centers and gasoline station/convenience store locations. The Company offers a range of products and services including diesel fuel and gasoline truck repair and maintenance services restaurants over 35 different brands of quick service restaurants (QSRs) travel/convenience stores and various driver amenities. The Company’s business includes 406 convenience stores which are located at travel centers in 43 states in the United States and the province of Ontario Canada. The Company’s locations offer a range of products and services including fuel diesel exhaust fluid restaurants and QSRs truck service travel stores and additional driver Services. The Company’s customers include trucking fleets and their drivers independent truck drivers and motorists. The Company also operates around 36 convenience stores under the Minit Mart brand located across Missouri and Kansas.

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