SeaWorld Entertainment (NYSE:SEAS) Downgraded by Zacks Investment Research to “Hold”

SeaWorld Entertainment (NYSE:SEASGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, Zacks.com reports.

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. “

Other analysts have also issued research reports about the company. StockNews.com raised SeaWorld Entertainment from a “hold” rating to a “buy” rating in a report on Thursday, May 5th. Citigroup reduced their target price on SeaWorld Entertainment from $74.00 to $68.00 in a report on Friday, May 6th. Rosenblatt Securities began coverage on SeaWorld Entertainment in a report on Monday, April 25th. They issued a “buy” rating and a $92.00 target price for the company. JPMorgan Chase & Co. began coverage on SeaWorld Entertainment in a report on Friday, February 25th. They issued a “neutral” rating for the company. Finally, B. Riley lifted their price objective on SeaWorld Entertainment from $83.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, April 21st. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, SeaWorld Entertainment presently has an average rating of “Buy” and a consensus price target of $79.90.

Shares of NYSE:SEAS opened at $53.75 on Friday. The stock has a fifty day simple moving average of $67.73 and a two-hundred day simple moving average of $65.53. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 14.65 and a beta of 2.13. SeaWorld Entertainment has a 12-month low of $41.94 and a 12-month high of $76.57. The company has a current ratio of 1.14, a quick ratio of 1.45 and a debt-to-equity ratio of 183.53.

SeaWorld Entertainment (NYSE:SEASGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.02. The business had revenue of $270.70 million during the quarter, compared to analysts’ expectations of $263.23 million. SeaWorld Entertainment had a negative return on equity of 690.93% and a net margin of 18.25%. The firm’s quarterly revenue was up 57.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.57) earnings per share. As a group, equities research analysts predict that SeaWorld Entertainment will post 4.44 EPS for the current year.

In other news, insider Sharon P. Nadeau sold 413 shares of the business’s stock in a transaction dated Monday, March 14th. The stock was sold at an average price of $64.96, for a total value of $26,828.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Marc Swanson sold 6,298 shares of the business’s 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. Insiders have sold 26,800 shares of company stock worth $1,957,859 over the last quarter. 1.00% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in SEAS. Carroll Financial Associates Inc. lifted its position in shares of SeaWorld Entertainment by 1,142.9% in the fourth quarter. Carroll Financial Associates Inc. now owns 435 shares of the company’s stock worth $29,000 after buying an additional 400 shares in the last quarter. Lazard Asset Management LLC bought a new stake in SeaWorld Entertainment during the fourth quarter worth approximately $34,000. Rinkey Investments bought a new stake in SeaWorld Entertainment during the fourth quarter worth approximately $37,000. First Quadrant LLC CA bought a new stake in SeaWorld Entertainment during the first quarter worth approximately $42,000. Finally, Prospera Financial Services Inc bought a new stake in SeaWorld Entertainment during the first quarter worth approximately $47,000.

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.

Further Reading

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Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

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