SeaWorld Entertainment (NYSE:SEAS) PT Lowered to $76.00

SeaWorld Entertainment (NYSE:SEAS – Get Rating) had its target price decreased by research analysts at B. Riley from $94.00 to $76.00 in a note issued to investors on Tuesday, The Fly reports. The firm presently has a “buy” rating on the stock. B. Riley’s target price points to a potential upside of 73.12% from the stock’s previous close.

Several other research firms have also recently weighed in on SEAS. Deutsche Bank Aktiengesellschaft lifted their price objective on SeaWorld Entertainment from $74.00 to $83.00 and gave the company a “buy” rating in a report on Friday, March 4th. Citigroup lowered their price objective on shares of SeaWorld Entertainment from $74.00 to $68.00 in a report on Friday, May 6th. StockNews.com downgraded shares of SeaWorld Entertainment from a “buy” rating to a “hold” rating in a report on Saturday, May 14th. JPMorgan Chase & Co. initiated coverage on shares of SeaWorld Entertainment in a report on Friday, February 25th. They set a “neutral” rating on the stock. Finally, Rosenblatt Securities initiated coverage on shares of SeaWorld Entertainment in a research report on Monday, April 25th. They set a “buy” rating and a $92.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.89.

NYSE SEAS opened at $43.90 on Tuesday. The firm has a market cap of $3.19 billion, a PE ratio of 11.96 and a beta of 2.14. SeaWorld Entertainment has a one year low of $40.76 and a one year high of $76.57. The stock’s 50 day simple moving average is $57.97 and its 200 day simple moving average is $62.87. The company has a debt-to-equity ratio of 183.53, a current ratio of 1.14 and a quick ratio of 1.05.

SeaWorld Entertainment (NYSE:SEAS – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.03. The business had revenue of $270.70 million for the quarter, compared to analyst estimates of $263.23 million. SeaWorld Entertainment had a negative return on equity of 690.93% and a net margin of 18.25%. SeaWorld Entertainment’s revenue for the quarter was up 57.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.57) EPS. As a group, equities analysts expect that SeaWorld Entertainment will post 4.44 earnings per share for the current year.

In other news, insider Elizabeth Gulacsy sold 10,500 shares of SeaWorld Entertainment stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $73.34, for a total transaction of $770,070.00. Following the completion of the sale, the insider now owns 67,479 shares in the company, valued at approximately $4,948,909.86. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Marc Swanson sold 6,298 shares of SeaWorld Entertainment stock in a transaction dated Friday, March 25th. The shares were sold at an average price of $73.88, for a total value of $465,296.24. The disclosure for this sale can be found here. In the last three months, insiders sold 24,458 shares of company stock valued at $1,793,474. 1.00% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in SEAS. J.W. Cole Advisors Inc. purchased a new position in shares of SeaWorld Entertainment during the first quarter valued at approximately $75,000. Bank of America Corp DE increased its stake in shares of SeaWorld Entertainment by 17.0% during the first quarter. Bank of America Corp DE now owns 195,625 shares of the company’s stock valued at $14,562,000 after buying an additional 28,465 shares during the period. Quantbot Technologies LP bought a new stake in shares of SeaWorld Entertainment during the first quarter valued at approximately $187,000. Simcoe Capital Management LLC boosted its position in shares of SeaWorld Entertainment by 20.4% during the first quarter. Simcoe Capital Management LLC now owns 384,146 shares of the company’s stock valued at $28,596,000 after purchasing an additional 65,061 shares in the last quarter. Finally, Guggenheim Capital LLC bought a new stake in shares of SeaWorld Entertainment during the first quarter valued at approximately $206,000.

About SeaWorld Entertainment (Get Rating)

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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