SeaWorld Entertainment (NYSE:SEAS) Price Target Lowered to $21.00 at B. Riley

SeaWorld Entertainment (NYSE:SEAS) had its price target cut by B. Riley from $36.00 to $21.00 in a report released on Monday, BenzingaRatingsTable reports. They currently have a buy rating on the stock. B. Riley also issued estimates for SeaWorld Entertainment’s Q1 2020 earnings at ($0.80) EPS, Q2 2020 earnings at ($0.65) EPS, Q3 2020 earnings at $1.56 EPS, Q4 2020 earnings at $0.42 EPS, FY2020 earnings at $0.53 EPS, Q1 2021 earnings at ($0.55) EPS, Q2 2021 earnings at $0.75 EPS, Q3 2021 earnings at $1.30 EPS, Q4 2021 earnings at $0.19 EPS and FY2021 earnings at $1.69 EPS.

Other equities analysts have also recently issued research reports about the stock. TheStreet cut shares of SeaWorld Entertainment from a b rating to a c rating in a research note on Wednesday, February 26th. ValuEngine raised shares of SeaWorld Entertainment from a strong sell rating to a sell rating in a research note on Friday, March 20th. Citigroup raised shares of SeaWorld Entertainment from a sell rating to a neutral rating and cut their price target for the stock from $27.00 to $9.00 in a research note on Friday, March 20th. Finally, Zacks Investment Research cut shares of SeaWorld Entertainment from a buy rating to a hold rating in a research note on Friday, March 20th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $27.25.

SEAS stock traded down $0.17 during midday trading on Monday, reaching $15.25. The company had a trading volume of 2,225,796 shares, compared to its average volume of 1,827,298. The company has a debt-to-equity ratio of 7.62, a current ratio of 0.42 and a quick ratio of 0.34. SeaWorld Entertainment has a 1 year low of $6.75 and a 1 year high of $36.96. The company has a market capitalization of $1.24 billion, a P/E ratio of 13.50, a P/E/G ratio of 1.01 and a beta of 1.40. The firm has a 50-day moving average price of $24.42 and a 200-day moving average price of $28.74.

SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings results on Wednesday, February 26th. The company reported ($0.31) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.33). SeaWorld Entertainment had a return on equity of 61.22% and a net margin of 6.40%. The company had revenue of $298.01 million during the quarter, compared to analysts’ expectations of $288.93 million. During the same period in the prior year, the firm earned ($0.13) EPS. SeaWorld Entertainment’s quarterly revenue was up 6.4% on a year-over-year basis. On average, equities analysts predict that SeaWorld Entertainment will post 1.9 EPS for the current year.

In other news, insider Marc Swanson sold 8,107 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $12.89, for a total value of $104,499.23. Following the completion of the sale, the insider now directly owns 117,668 shares in the company, valued at approximately $1,516,740.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Macquarie Group Ltd. bought a new stake in shares of SeaWorld Entertainment in the 4th quarter worth approximately $174,000. Norges Bank bought a new stake in shares of SeaWorld Entertainment in the 4th quarter worth approximately $22,499,000. Circle Wealth Management LLC lifted its holdings in shares of SeaWorld Entertainment by 5.3% in the 4th quarter. Circle Wealth Management LLC now owns 43,370 shares of the company’s stock worth $1,375,000 after acquiring an additional 2,170 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of SeaWorld Entertainment by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 571,770 shares of the company’s stock worth $18,130,000 after acquiring an additional 15,191 shares during the last quarter. Finally, Brinker Capital Inc. lifted its holdings in shares of SeaWorld Entertainment by 81.2% in the 4th quarter. Brinker Capital Inc. now owns 29,742 shares of the company’s stock worth $943,000 after acquiring an additional 13,329 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. 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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Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

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