Zacks Investment Research Downgrades SeaWorld Entertainment Inc. (SEAS) to Sell
SeaWorld Entertainment Inc. (NYSE:SEAS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.
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. “
A number of other research analysts also recently commented on SEAS. Wedbush reissued a “neutral” rating and issued a $16.00 price target (down previously from $18.00) on shares of SeaWorld Entertainment in a report on Monday, June 27th. FBR & Co reissued an “outperform” rating and issued a $23.00 price target on shares of SeaWorld Entertainment in a report on Wednesday, July 6th. Macquarie downgraded SeaWorld Entertainment from an “outperform” rating to a “neutral” rating and increased their price target for the company from $12.58 to $12.88 in a report on Friday, August 5th. JPMorgan Chase & Co. reduced their price target on SeaWorld Entertainment from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, August 5th. Finally, KeyCorp reduced their price target on SeaWorld Entertainment from $22.00 to $17.00 and set an “overweight” rating for the company in a report on Monday, August 8th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. SeaWorld Entertainment presently has an average rating of “Hold” and a consensus price target of $15.07.
SeaWorld Entertainment (NYSE:SEAS) opened at 13.60 on Wednesday. The stock has a market capitalization of $1.16 billion, a P/E ratio of 55.97 and a beta of 0.58. SeaWorld Entertainment has a 52 week low of $11.77 and a 52 week high of $21.85. The firm has a 50 day moving average price of $13.32 and a 200 day moving average price of $15.70.
SeaWorld Entertainment (NYSE:SEAS) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. The firm earned $371.10 million during the quarter, compared to the consensus estimate of $377.19 million. SeaWorld Entertainment had a return on equity of 12.97% and a net margin of 1.52%. SeaWorld Entertainment’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.22 earnings per share. Equities research analysts predict that SeaWorld Entertainment will post $0.60 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 7th. Investors of record on Thursday, September 29th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.94%. The ex-dividend date was Tuesday, September 27th. SeaWorld Entertainment’s dividend payout ratio is currently 181.83%.
Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in SeaWorld Entertainment by 15.6% in the first quarter. BlackRock Inc. now owns 7,604 shares of the company’s stock valued at $160,000 after buying an additional 1,027 shares in the last quarter. Teachers Advisors Inc. boosted its stake in SeaWorld Entertainment by 3.1% in the first quarter. Teachers Advisors Inc. now owns 105,930 shares of the company’s stock valued at $2,231,000 after buying an additional 3,227 shares in the last quarter. HRS Investment Holdings LLC boosted its stake in SeaWorld Entertainment by 40.0% in the first quarter. HRS Investment Holdings LLC now owns 35,000 shares of the company’s stock valued at $737,000 after buying an additional 10,000 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in SeaWorld Entertainment during the second quarter valued at approximately $6,691,000. Finally, Olstein Capital Management L.P. acquired a new stake in SeaWorld Entertainment during the second quarter valued at approximately $5,501,000. Hedge funds and other institutional investors own 96.85% of the company’s stock.
About SeaWorld Entertainment
SeaWorld Entertainment, Inc is a theme park and entertainment company. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. It has a diversified portfolio of approximately 10 destination and regional theme parks that are located across the United States. Its theme parks feature a range of rides, shows and other attractions.
Receive News & Stock Ratings for SeaWorld Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SeaWorld Entertainment Inc. and related stocks with our FREE daily email newsletter.