SeaWorld Entertainment Inc. (NYSE:SEAS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Thursday.
According to Zacks, “SeaWorld Entertainment, Inc. is a theme park and entertainment company operating primarily in the United States. The company owns and operates U.S. theme parks, including the popular SeaWorld(R), Busch Gardens(R) and Sesame Place(R) brands. SeaWorld Entertainment, Inc. is headquartered in Orlando, Florida. “
A number of other research analysts have also weighed in on the stock. Citigroup Inc. raised shares of SeaWorld Entertainment from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $11.77 to $14.00 in a research report on Thursday, September 22nd. They noted that the move was a valuation call. Macquarie set a $13.00 target price on shares of SeaWorld Entertainment and gave the stock a “hold” rating in a research report on Tuesday, September 20th. Bank of America Corp. reissued a “sell” rating and set a $16.00 target price on shares of SeaWorld Entertainment in a research report on Wednesday, September 21st. FBR & Co reissued an “outperform” rating and set a $15.00 target price on shares of SeaWorld Entertainment in a research report on Tuesday, September 20th. Finally, Dougherty & Co cut their target price on shares of SeaWorld Entertainment from $6.00 to $5.50 and set a “buy” rating for the company in a research report on Friday, September 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.07.
Shares of SeaWorld Entertainment (NYSE:SEAS) opened at 14.37 on Thursday. SeaWorld Entertainment has a 52 week low of $11.77 and a 52 week high of $21.85. The firm has a market capitalization of $1.23 billion, a P/E ratio of 59.14 and a beta of 0.58. The stock’s 50 day moving average price is $13.11 and its 200 day moving average price is $16.12.
SeaWorld Entertainment (NYSE:SEAS) last released its earnings results on Thursday, August 4th. The company reported $0.21 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.21. The firm earned $371.10 million during the quarter, compared to analyst estimates of $377.19 million. SeaWorld Entertainment had a net margin of 1.52% and a return on equity of 12.97%. The business’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 EPS. On average, analysts predict that SeaWorld Entertainment will post $0.60 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Thursday, September 29th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, September 27th. This represents a $0.40 dividend on an annualized basis and a yield of 2.78%. SeaWorld Entertainment’s payout ratio is currently 181.83%.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in SeaWorld Entertainment by 7.9% in the second quarter. BlackRock Inc. now owns 8,201 shares of the company’s stock worth $117,000 after buying an additional 597 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of SeaWorld Entertainment by 6.0% in the second quarter. Teacher Retirement System of Texas now owns 9,353 shares of the company’s stock valued at $134,000 after buying an additional 533 shares in the last quarter. Eqis Capital Management Inc. purchased a new stake in shares of SeaWorld Entertainment during the second quarter valued at $144,000. Pitcairn Co. purchased a new stake in shares of SeaWorld Entertainment during the second quarter valued at $163,000. Finally, Laurion Capital Management LP purchased a new stake in shares of SeaWorld Entertainment during the second quarter valued at $182,000. 96.74% of the stock is currently owned by institutional investors and hedge funds.
SeaWorld Entertainment Company Profile
SeaWorld Entertainment, Inc is a theme park and entertainment company. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. It has a diversified portfolio of approximately 10 destination and regional theme parks that are located across the United States. Its theme parks feature a range of rides, shows and other attractions.
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