B. Riley Reiterates Buy Rating for SeaWorld Entertainment (NYSE:SEAS)

SeaWorld Entertainment (NYSE:SEAS)‘s stock had its “buy” rating reiterated by analysts at B. Riley in a report released on Wednesday, TipRanks reports. They currently have a $37.00 price objective on the stock. B. Riley’s target price would indicate a potential upside of 27.37% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. ValuEngine upgraded SeaWorld Entertainment from a “hold” rating to a “buy” rating in a research note on Friday, November 29th. Bank of America set a $22.00 price objective on SeaWorld Entertainment and gave the stock a “sell” rating in a report on Tuesday, September 17th. Goldman Sachs Group set a $37.00 price objective on shares of SeaWorld Entertainment and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Stifel Nicolaus set a $37.00 target price on shares of SeaWorld Entertainment and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, TheStreet raised shares of SeaWorld Entertainment from a “c” rating to a “b-” rating in a research note on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. SeaWorld Entertainment has a consensus rating of “Buy” and a consensus price target of $32.10.

Shares of SeaWorld Entertainment stock opened at $29.05 on Wednesday. The company’s 50-day moving average price is $28.27 and its 200-day moving average price is $29.42. The company has a current ratio of 0.44, a quick ratio of 0.34 and a debt-to-equity ratio of 6.95. SeaWorld Entertainment has a 12-month low of $21.36 and a 12-month high of $34.72. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 28.48, a PEG ratio of 2.85 and a beta of 1.24.

SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings data on Thursday, November 7th. The company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.15). SeaWorld Entertainment had a net margin of 7.43% and a return on equity of 52.78%. The firm had revenue of $473.70 million for the quarter, compared to analysts’ expectations of $488.84 million. During the same period in the prior year, the firm posted $1.10 EPS. SeaWorld Entertainment’s revenue was down 2.0% on a year-over-year basis. On average, sell-side analysts predict that SeaWorld Entertainment will post 1.47 earnings per share for the current year.

In related news, insider Marc Swanson sold 5,827 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $29.98, for a total transaction of $174,693.46. Following the transaction, the insider now directly owns 113,962 shares of the company’s stock, valued at approximately $3,416,580.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.90% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in SEAS. Envestnet Asset Management Inc. bought a new position in shares of SeaWorld Entertainment in the third quarter worth approximately $450,000. BBVA USA Bancshares Inc. bought a new stake in SeaWorld Entertainment in the 3rd quarter worth $350,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in SeaWorld Entertainment in the 2nd quarter worth $65,220,000. Coatue Management LLC bought a new stake in SeaWorld Entertainment in the 2nd quarter worth $1,997,000. Finally, LPL Financial LLC increased its position in shares of SeaWorld Entertainment by 15.5% in the second quarter. LPL Financial LLC now owns 10,368 shares of the company’s stock valued at $321,000 after acquiring an additional 1,393 shares during the period.

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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Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

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