Brokerages Set SeaWorld Entertainment, Inc. (NYSE:SEAS) Price Target at $51.00

Shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) have been given an average rating of “Buy” by the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $51.00.

Several analysts have issued reports on SEAS shares. TheStreet lowered shares of SeaWorld Entertainment from a “c-” rating to a “d+” rating in a research report on Monday. Stifel Nicolaus upped their target price on shares of SeaWorld Entertainment from $73.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, July 15th. B. Riley lifted their price target on SeaWorld Entertainment from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, May 7th. KeyCorp upped their price objective on SeaWorld Entertainment from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, May 7th. Finally, Zacks Investment Research downgraded SeaWorld Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, June 25th.

In other news, insider George Anthony Taylor sold 87,943 shares of the company’s stock in a transaction on Thursday, May 27th. The stock was sold at an average price of $54.46, for a total transaction of $4,789,375.78. Following the completion of the sale, the insider now directly owns 249,754 shares in the company, valued at approximately $13,601,602.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher Dold sold 2,000 shares of the stock in a transaction on Friday, April 30th. The stock was sold at an average price of $54.65, for a total value of $109,300.00. Following the sale, the insider now directly owns 107,569 shares in the company, valued at $5,878,645.85. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its position in shares of SeaWorld Entertainment by 4.4% in the 1st quarter. Principal Financial Group Inc. now owns 7,788 shares of the company’s stock valued at $387,000 after buying an additional 328 shares in the last quarter. Simon Quick Advisors LLC lifted its stake in SeaWorld Entertainment by 29.2% during the first quarter. Simon Quick Advisors LLC now owns 1,769 shares of the company’s stock worth $87,000 after purchasing an additional 400 shares during the last quarter. The PNC Financial Services Group Inc. acquired a new stake in SeaWorld Entertainment in the first quarter valued at about $34,000. The Manufacturers Life Insurance Company boosted its stake in shares of SeaWorld Entertainment by 3.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 30,833 shares of the company’s stock valued at $974,000 after purchasing an additional 926 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of SeaWorld Entertainment by 1.6% during the first quarter. Alliancebernstein L.P. now owns 64,600 shares of the company’s stock worth $3,209,000 after buying an additional 1,000 shares during the last quarter.

SEAS opened at $46.95 on Monday. The stock’s 50-day moving average is $51.92. SeaWorld Entertainment has a 52-week low of $13.91 and a 52-week high of $58.26. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of -12.23 and a beta of 2.45.

SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings data on Thursday, May 6th. The company reported ($0.57) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.83) by $0.26. The company had revenue of $171.90 million for the quarter, compared to the consensus estimate of $125.40 million. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.72) EPS. On average, equities analysts forecast that SeaWorld Entertainment will post 1.13 EPS for the current year.

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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