Goldman Sachs Group set a $37.00 target price on SeaWorld Entertainment (NYSE:SEAS) in a report published on Wednesday, TipRanks reports. The brokerage currently has a buy rating on the stock.
A number of other brokerages also recently commented on SEAS. Zacks Investment Research downgraded SeaWorld Entertainment from a strong-buy rating to a hold rating in a research note on Wednesday. B. Riley set a $36.00 target price on SeaWorld Entertainment and gave the company a buy rating in a research note on Monday, July 8th. ValuEngine downgraded SeaWorld Entertainment from a buy rating to a hold rating in a research note on Tuesday, August 27th. Bank of America set a $22.00 target price on SeaWorld Entertainment and gave the company a sell rating in a research note on Tuesday, September 17th. Finally, TheStreet upgraded 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, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $31.51.
NYSE:SEAS opened at $26.36 on Wednesday. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 2.31 and a beta of 1.17. SeaWorld Entertainment has a 1-year low of $21.36 and a 1-year high of $34.72. The company has a current ratio of 0.34, a quick ratio of 0.25 and a debt-to-equity ratio of 12.28. The business’s fifty day moving average price is $28.14 and its 200 day moving average price is $28.64.
SeaWorld Entertainment (NYSE:SEAS) last issued its earnings results on Tuesday, August 6th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.12. SeaWorld Entertainment had a return on equity of 45.30% and a net margin of 7.24%. The firm had revenue of $406.00 million for the quarter, compared to the consensus estimate of $411.77 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities analysts forecast that SeaWorld Entertainment will post 1.61 earnings per share for the current year.
In other news, insider Marc Swanson sold 5,827 shares of the company’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 completion of the sale, the insider now owns 113,962 shares in the company, valued at approximately $3,416,580.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SEAS. Acadian Asset Management LLC boosted its stake in shares of SeaWorld Entertainment by 407.4% during the 2nd quarter. Acadian Asset Management LLC now owns 1,309 shares of the company’s stock worth $41,000 after acquiring an additional 1,051 shares in the last quarter. Advisors Preferred LLC bought a new stake in shares of SeaWorld Entertainment during the 2nd quarter worth about $68,000. Resources Investment Advisors LLC. bought a new stake in shares of SeaWorld Entertainment during the 2nd quarter worth about $71,000. Signaturefd LLC boosted its stake in shares of SeaWorld Entertainment by 45.5% during the 2nd quarter. Signaturefd LLC now owns 3,200 shares of the company’s stock worth $99,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of SeaWorld Entertainment during the 2nd quarter worth about $177,000.
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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