Speedway Motorsports, Inc. (NYSE:TRK) has earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Analysts have set a 12 month consensus price target of $16.00 for the company and are anticipating that the company will post ($0.07) EPS for the current quarter, according to Zacks. Zacks has also given Speedway Motorsports an industry rank of 63 out of 255 based on the ratings given to its competitors.

A number of equities analysts recently commented on TRK shares. TheStreet raised Speedway Motorsports from a “c+” rating to a “b” rating in a research note on Monday, February 4th. Zacks Investment Research downgraded Speedway Motorsports from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Finally, ValuEngine upgraded Speedway Motorsports from a “sell” rating to a “hold” rating in a report on Monday, February 4th.

Shares of Speedway Motorsports stock opened at $13.75 on Friday. Speedway Motorsports has a 52-week low of $13.60 and a 52-week high of $18.36. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 1.70. The firm has a market capitalization of $561.12 million, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of -7.21 and a beta of 0.93.

Speedway Motorsports (NYSE:TRK) last posted its earnings results on Wednesday, March 13th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.04). Speedway Motorsports had a return on equity of 4.42% and a net margin of 8.94%. The business had revenue of $56.36 million for the quarter. Analysts expect that Speedway Motorsports will post 0.95 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in Speedway Motorsports by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,258,252 shares of the company’s stock worth $53,011,000 after acquiring an additional 18,912 shares during the last quarter. Vanguard Group Inc lifted its holdings in Speedway Motorsports by 6.2% in the 3rd quarter. Vanguard Group Inc now owns 1,138,897 shares of the company’s stock worth $20,329,000 after buying an additional 65,991 shares during the period. Vanguard Group Inc. lifted its holdings in Speedway Motorsports by 6.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,138,897 shares of the company’s stock worth $20,329,000 after buying an additional 65,991 shares during the period. BlackRock Inc. lifted its holdings in Speedway Motorsports by 10.9% in the 4th quarter. BlackRock Inc. now owns 800,907 shares of the company’s stock worth $13,032,000 after buying an additional 78,404 shares during the period. Finally, Norges Bank purchased a new stake in Speedway Motorsports in the 4th quarter worth approximately $6,981,000. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

About Speedway Motorsports

Speedway Motorsports, Inc, through its subsidiaries, promotes, markets, and sponsors motorsports activities in the United States. The company owns and operates eight racing facilities, including Atlanta Motor Speedway, Bristol Motor Speedway, Charlotte Motor Speedway, Kentucky Speedway, Las Vegas Motor Speedway, New Hampshire Motor Speedway, Sonoma Raceway, and Texas Motor Speedway racing facilities.

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