Stifel Nicolaus Trims SeaWorld Entertainment (NYSE:SEAS) Target Price to $67.00

SeaWorld Entertainment (NYSE:SEAS) had its target price cut by Stifel Nicolaus from $73.00 to $67.00 in a research report report published on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued reports about the stock. The Goldman Sachs Group reduced their price objective on shares of SeaWorld Entertainment from $75.00 to $66.00 and set a buy rating for the company in a research report on Monday, July 24th. StockNews.com initiated coverage on shares of SeaWorld Entertainment in a research report on Thursday, October 5th. They set a hold rating for the company. Truist Financial dropped their target price on SeaWorld Entertainment from $65.00 to $55.00 and set a buy rating for the company in a report on Tuesday, October 24th. Morgan Stanley dropped their target price on SeaWorld Entertainment from $65.00 to $60.00 and set an overweight rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. reissued a neutral rating and set a $57.00 target price (down previously from $67.00) on shares of SeaWorld Entertainment in a report on Wednesday, November 1st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, SeaWorld Entertainment currently has a consensus rating of Moderate Buy and a consensus target price of $66.64.

SeaWorld Entertainment Stock Performance

NYSE SEAS opened at $46.84 on Thursday. The stock’s 50 day moving average price is $45.59 and its two-hundred day moving average price is $51.38. SeaWorld Entertainment has a 52 week low of $40.87 and a 52 week high of $68.19. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 12.42 and a beta of 1.89.

SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings data on Wednesday, November 8th. The company reported $1.92 EPS for the quarter, hitting analysts’ consensus estimates of $1.92. SeaWorld Entertainment had a net margin of 14.07% and a negative return on equity of 63.89%. The firm had revenue of $548.20 million during the quarter, compared to analysts’ expectations of $546.89 million. During the same period in the previous year, the business posted $1.99 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, equities research analysts forecast that SeaWorld Entertainment will post 3.84 EPS for the current year.

Insider Activity at SeaWorld Entertainment

In related news, CEO Marc Swanson sold 4,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $48.30, for a total value of $193,200.00. Following the completion of the transaction, the chief executive officer now owns 148,537 shares of the company’s stock, valued at $7,174,337.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Marc Swanson sold 4,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $48.30, for a total value of $193,200.00. Following the completion of the transaction, the chief executive officer now owns 148,537 shares of the company’s stock, valued at $7,174,337.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider George Anthony Taylor sold 44,873 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $48.81, for a total value of $2,190,251.13. Following the completion of the transaction, the insider now directly owns 85,902 shares of the company’s stock, valued at approximately $4,192,876.62. The disclosure for this sale can be found here. Insiders sold a total of 52,873 shares of company stock valued at $2,579,091 over the last quarter. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in SeaWorld Entertainment by 3.0% during the first quarter. Vanguard Group Inc. now owns 5,260,747 shares of the company’s stock worth $391,610,000 after acquiring an additional 155,068 shares in the last quarter. BlackRock Inc. raised its stake in SeaWorld Entertainment by 0.9% during the second quarter. BlackRock Inc. now owns 2,852,891 shares of the company’s stock worth $159,790,000 after acquiring an additional 25,307 shares in the last quarter. Waratah Capital Advisors Ltd. acquired a new position in SeaWorld Entertainment during the first quarter worth about $98,070,000. JAT Capital Mgmt LP grew its holdings in shares of SeaWorld Entertainment by 106.1% during the first quarter. JAT Capital Mgmt LP now owns 1,391,507 shares of the company’s stock worth $85,313,000 after purchasing an additional 716,408 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of SeaWorld Entertainment by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,153,699 shares of the company’s stock worth $64,619,000 after purchasing an additional 10,490 shares during the last quarter.

About SeaWorld Entertainment

SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It 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.