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Conference/Events
TravelCenters management to meet virtually with B. Riley Securities » 08:23
10/02/20
10/02
08:23
10/02/20
08:23
TA

TravelCenters

$20.81 /

+1.27 (+6.50%)

Virtual Meeting to be…

Virtual Meeting to be held on October 2 hosted by B. Riley Securities.

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TA TravelCenters
$20.81 /

+1.27 (+6.50%)

TA TravelCenters
$20.81 /

+1.27 (+6.50%)

09/08/20 Citi
TravelCenters initiated with a Buy at Citi
08/24/20 BTIG
TravelCenters initiated with a Buy at BTIG
12/24/19 B. Riley Securities
TravelCenters price target raised to $35 from $28 at B. Riley FBR
  • 01
    Jul
Over a month ago
Initiation
TravelCenters initiated with a Buy at Citi » 06:05
09/08/20
09/08
06:05
09/08/20
06:05
TA

TravelCenters

$20.82 /

-0.26 (-1.23%)

Citi analyst Paul Lejuez…

Citi analyst Paul Lejuez initiated coverage of TravelCenters of America with a Buy rating and $29 price target. EO Jonathan Pertchik brings new energy to the company and a "much needed" focus on return on invested capital, Lejuez tells investors in a research note. The analyst believes TravelCenters is in the early stages of improving profitability.

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TA TravelCenters
$20.82 /

-0.26 (-1.23%)

TA TravelCenters
$20.82 /

-0.26 (-1.23%)

08/24/20 BTIG
TravelCenters initiated with a Buy at BTIG
12/24/19 B. Riley Securities
TravelCenters price target raised to $35 from $28 at B. Riley FBR
  • 01
    Jul
Initiation
TravelCenters initiated with a Buy at BTIG » 06:25
08/24/20
08/24
06:25
08/24/20
06:25
TA

TravelCenters

$17.23 /

-0.22 (-1.26%)

BTIG analyst James…

BTIG analyst James Sullivan initiated coverage of TravelCenters with a Buy rating and $34 price target. The analyst is positive on the company's new management and a stronger balance sheet with potential to generate improved sales and margins. Sullivan further cites TravelCenters' position in the the long haul trucking industry, which is projected to grow tonnage 1.2% and revenues 1.8% annually through 2030.

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TA TravelCenters
$17.23 /

-0.22 (-1.26%)

TA TravelCenters
$17.23 /

-0.22 (-1.26%)

12/24/19 B. Riley Securities
TravelCenters price target raised to $35 from $28 at B. Riley FBR
  • 01
    Jul
Over a quarter ago
Syndicate
TravelCenters 6.1M share Secondary priced at $14.00 » 18:55
06/30/20
06/30
18:55
06/30/20
18:55
TA

TravelCenters

$15.41 /

-1.78 (-10.35%)

The deal size was…

The deal size was increased from $75M to $85.4M and priced below the last closing price of $15.40 Citi, BMO Capital, B. Riley FBR and BTIG are acting as joint book running managers for the offering.

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TA TravelCenters
$15.41 /

-1.78 (-10.35%)

TA TravelCenters
$15.41 /

-1.78 (-10.35%)

12/24/19 B. Riley Securities
TravelCenters price target raised to $35 from $28 at B. Riley FBR
  • 01
    Jul
Syndicate
TravelCenters files to sell $75M in common stock » 07:18
06/29/20
06/29
07:18
06/29/20
07:18
TA

TravelCenters

$21.66 /

-0.32 (-1.46%)

The joint book-running…

The joint book-running managers for the offering are Citigroup, BMO Capital Markets, B. Riley FBR and BTIG.

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TA TravelCenters
$21.66 /

-0.32 (-1.46%)

TA TravelCenters
$21.66 /

-0.32 (-1.46%)

12/24/19 B. Riley Securities
TravelCenters price target raised to $35 from $28 at B. Riley FBR
Hot Stocks
TravelCenters reduces corporate headcount by 130, announces reorganization » 08:09
05/01/20
05/01
08:09
05/01/20
08:09
TA

TravelCenters

$10.97 /

-1.1 (-9.11%)

TravelCenters announced…

TravelCenters announced that it has commenced a company-wide reorganization, which is a step in the company's strategic, long-term plan to improve its operational efficiency and profitability. The reorganization plan includes leadership changes with the addition of new senior VPs for a newly created hospitality department, under which the areas of restaurants, gaming and convenience stores will be consolidated, as well as in information technology. TA has also appointed a new senior VP of corporate development, a new department initially tasked with delivering on the company's reorganizational initiatives. The company said key among these initiatives is the creation of a centralized procurement group to drive economies of scale in pricing, provide increased leverage in vendor negotiations, and ultimately lead to substantial purchasing savings and a streamlined operation. Other initiatives are focused in areas of opportunity for realizing both costs savings and increased revenues, including merchandising in the convenience stores, over-the-road delivery, truck repair training and staffing and IT systems. In addition, as part of its reorganization plan, TA is reducing its corporate headcount by a total of approximately 130 and eliminating certain positions. These changes are expected to generate net annual savings of approximately $13.1M in selling, general and administrative, or SG&A, expense.

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TA TravelCenters
$10.97 /

-1.1 (-9.11%)

12/24/19 B. Riley Securities
TravelCenters price target raised to $35 from $28 at B. Riley FBR
06/17/19 B. Riley Securities
TravelCenters removed from Alpha Generator list at B. Riley FBR
Hot Stocks
TravelCenters furloughs approximately 3,000 employees in response to COVID-19 » 08:05
04/17/20
04/17
08:05
04/17/20
08:05
TA

TravelCenters

$8.45 /

+0.19 (+2.30%)

TravelCenters provided…

TravelCenters provided business updates related to the COVID-19 pandemic. Currently, all TA, Petro Stopping Centers and TA Express travel centers remain open, providing essential services to drivers across the nation with fuel, showers, restrooms, quick-serve restaurants and convenience stores. Employees continue to take precautionary measures consistent with the recommendations of the Centers for Disease Control and Prevention to minimize the spread of coronavirus, including social distancing and enhanced cleaning protocols. However, COVID-19 has caused many state and local governments to close or severely limit non-essential services, including full-service restaurants. In addition, broader stay-at-home orders and an overall decrease in consumer demand has significantly and adversely affected TA's full-service restaurant business. Primarily as a result of its full-service restaurant closures, TA has made the difficult decision to furlough approximately 2,900 field employees, as well as approximately 122 corporate employees. All furloughed employees currently enrolled in TA's benefits programs will continue to be eligible for health care coverage based on their plan. Impacted employees are eligible to apply for enhanced unemployment benefits under the CARES Act.

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TA TravelCenters
$8.45 /

+0.19 (+2.30%)

12/24/19 B. Riley Securities
TravelCenters price target raised to $35 from $28 at B. Riley FBR
06/17/19 B. Riley Securities
TravelCenters removed from Alpha Generator list at B. Riley FBR
Conference/Events
TravelCenters management to virtually meet with B. Riley FBR » 04:55
03/30/20
03/30
04:55
03/30/20
04:55
TA

TravelCenters

$10.43 /

+0.06 (+0.58%)

Virtual Meeting to be…

Virtual Meeting to be held on March 30 hosted by B. Riley FBR.

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TA TravelCenters
$10.43 /

+0.06 (+0.58%)

12/24/19 B. Riley Securities
TravelCenters price target raised to $35 from $28 at B. Riley FBR
06/17/19 B. Riley Securities
TravelCenters removed from Alpha Generator list at B. Riley FBR
Conference/Events
TravelCenters management to virtually meet with B. Riley FBR » 14:06
03/23/20
03/23
14:06
03/23/20
14:06
TA

TravelCenters

$7.22 /

-0.52 (-6.72%)

Virtual Meeting to be…

Virtual Meeting to be held on March 30 hosted by B. Riley FBR.

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TA TravelCenters
$7.22 /

-0.52 (-6.72%)

12/24/19 B. Riley Securities
TravelCenters price target raised to $35 from $28 at B. Riley FBR
06/17/19 B. Riley Securities
TravelCenters removed from Alpha Generator list at B. Riley FBR
Hot Stocks
TravelCenters appoints Peter Crage as CFO » 08:18
03/02/20
03/02
08:18
03/02/20
08:18
TA

TravelCenters

$11.95 /

-0.58 (-4.63%)

TravelCenters announced…

TravelCenters announced that Peter Crage has been appointed as executive VP, CFO and treasurer effective immediately. Crage succeeds William Myers, who has resigned from the company. Crage brings more than 30 years of financial leadership experience working at public and private companies. Most recently, he served as CFO of Diamond Resorts, a $1B private equity-owned organization with 350 plus vacation destinations in 35 countries around the world.

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TA TravelCenters
$11.95 /

-0.58 (-4.63%)

12/24/19 B. Riley Securities
TravelCenters price target raised to $35 from $28 at B. Riley FBR
06/17/19 B. Riley Securities
TravelCenters removed from Alpha Generator list at B. Riley FBR

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