SeaWorld Entertainment (SEAS) Upgraded at Zacks Investment Research

SeaWorld Entertainment (NYSE:SEAS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday, Zacks.com reports. The brokerage presently has a $31.00 target price on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 14.05% from the company’s current price.

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. “

Several other equities analysts also recently commented on SEAS. Wells Fargo & Co raised shares of SeaWorld Entertainment from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Thursday, January 17th. Wedbush increased their target price on shares of SeaWorld Entertainment from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. KeyCorp raised their price target on SeaWorld Entertainment from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Macquarie raised SeaWorld Entertainment from a “neutral” rating to an “outperform” rating and set a $26.12 price target on the stock in a research report on Friday, March 8th. Finally, Citigroup raised their price target on SeaWorld Entertainment from $21.00 to $22.00 and gave the company a “sell” rating in a research report on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $32.21.

SeaWorld Entertainment stock traded down $0.89 during mid-day trading on Friday, hitting $27.18. 38,004 shares of the company’s stock were exchanged, compared to its average volume of 1,525,553. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.47 and a quick ratio of 0.36. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 3.05 and a beta of 1.46. SeaWorld Entertainment has a 1-year low of $15.94 and a 1-year high of $32.47.

SeaWorld Entertainment (NYSE:SEAS) last posted its earnings results on Tuesday, May 7th. The company reported ($0.44) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.62) by $0.18. The firm had revenue of $220.60 million for the quarter, compared to the consensus estimate of $215.91 million. SeaWorld Entertainment had a net margin of 3.26% and a return on equity of 28.25%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.73) earnings per share. As a group, sell-side analysts anticipate that SeaWorld Entertainment will post 1.23 earnings per share for the current year.

Several large investors have recently modified their holdings of SEAS. Quantamental Technologies LLC acquired a new stake in shares of SeaWorld Entertainment in the fourth quarter valued at about $31,000. Advisor Group Inc. grew its position in shares of SeaWorld Entertainment by 47.7% in the fourth quarter. Advisor Group Inc. now owns 1,595 shares of the company’s stock valued at $35,000 after purchasing an additional 515 shares during the last quarter. Enlightenment Research LLC acquired a new stake in shares of SeaWorld Entertainment in the fourth quarter valued at about $38,000. Signaturefd LLC acquired a new stake in shares of SeaWorld Entertainment in the first quarter valued at about $57,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of SeaWorld Entertainment in the fourth quarter valued at about $81,000. 84.38% of the stock is currently owned by institutional investors.

SeaWorld Entertainment Company Profile

SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.

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