Deutsche Bank Aktiengesellschaft cuts SeaWorld Entertainment (NYSE:SEAS) price target to $76.00

SeaWorld Entertainment (NYSE:SEAS – Rating Received) Its price target was lowered from $77.00 to $76.00 by equity analysts at Deutsche Bank Aktiengesellschaft in a report published on Wednesday, reports The Fly. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 28.53% from the stock’s previous close.

Several other brokerage firms have also recently commented on SEAS. Rosenblatt Securities lowered its price target on SeaWorld Entertainment to $69.00 from $92.00 and issued a research note on Friday, August 12, with a “buy” rating of the company. StockNews.com raised SeaWorld Entertainment from a “hold” rating to a “buy” rating in a research note on Thursday, October 13. Truist Financial has lowered its target price on SeaWorld Entertainment from $70.00 to $60.00 and issued a research note with a “buy” rating on the company on Wednesday, October 5th. Credit Suisse Group lowered its price target for SeaWorld Entertainment to $85.00 from $97.00 and gave the company an outperform rating in a research note on Monday. Finally, on Wednesday, July 20, Stifel Nicolaus lowered his price target for SeaWorld Entertainment from $94.00 to $66.00 in a research note. Four research analysts have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.67.

SeaWorld Entertainment stock performance

NYSE:SEAS opened at $59.13 on Wednesday. SeaWorld Entertainment has a 1 year low of $40.01 and a 1 year high of $76.57. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 15.98 and a beta of 1.99. The company has a 50-day moving average of $51.67 and a 200-day moving average of $52.43.

SeaWorld Entertainment (NYSE:SEAS – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported earnings per share (EPS) of $1.62 for the quarter, beating the consensus estimate of $1.59 by $0.03. SeaWorld Entertainment had a negative return on equity of 227.46% and a net margin of 16.87%. The company had revenue of $504.80 million for the quarter, compared to analysts’ expectations of $504.35 million. In the same quarter last year, the company reported earnings per share of $1.59. The company’s revenue for the quarter increased 14.8% compared to the same quarter last year. On average, equity analysts are forecasting that SeaWorld Entertainment will post 4.36 EPS for the year to date.

Insider Transactions at SeaWorld Entertainment

In addition, CEO Marc Swanson sold 4,000 shares of the company’s stock in a transaction on Thursday, August 18th. The stock sold at an average price of $54.12 for a total transaction of $216,480.00. Upon completion of the sale, the Chief Executive Officer now directly owns 170,129 shares of the Company, valued at approximately $9,207,381.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In related news, insider Christopher L. Finazzo acquired 8,950 shares of the company’s stock in a transaction that took place on Monday, September 12. The shares were purchased at an average price of $55.99 per share for a total value of $501,110.50. Following the purchase, the insider now owns 72,221 shares of the company’s stock, valued at $4,043,653.79. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed at this hyperlink. In addition, CEO Marc Swanson sold 4,000 shares of the company’s stock in a transaction that took place on Thursday, August 18th. The shares sold at an average price of $54.12 for a total value of $216,480.00. Upon completion of the transaction, the Chief Executive Officer now directly owns 170,129 shares of the Company, valued at $9,207,381.48. The disclosure for this sale can be found here. Insiders sold 14,000 shares of the company’s stock for $737,960 over the past three months. Company insiders own 1.00% of the company’s stock.

Institutional inflows and outflows

A number of institutional investors have recently changed their positions in SEAS. JAT Capital Mgmt LP increased its stake in SeaWorld Entertainment by 566.4% in the second quarter. JAT Capital Mgmt LP now owns 1,127,245 shares of the company’s stock valued at $49,802,000 after purchasing an additional 958,082 shares last quarter. invesco ltd increased its stake in SeaWorld Entertainment stock by 579.7% in the first quarter. invesco ltd now owns 1,122,612 shares of the company’s shares valued at $83,566,000 after purchasing an additional 957,438 shares last quarter. Arrowstreet Capital Limited Partnership increased its stake in SeaWorld Entertainment stock by 3,606.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 807,922 shares of the company’s shares valued at $60,142,000 after purchasing an additional 786,122 shares last quarter. Victory Capital Management Inc. increased its position in SeaWorld Entertainment shares by 11,180.1% during the first quarter. Victory Capital Management Inc. now owns 672,180 shares of the company’s stock valued at $49,997,000 after purchasing an additional 666,221 shares during the period. Finally, Wedge Capital Management LLP NC increased its position in SeaWorld Entertainment shares by 19,050.6% during the second quarter. Wedge Capital Management LLP NC now owns 603,052 shares of the company’s shares valued at $26,643,000 after purchasing an additional 599,903 shares during the period.

About SeaWorld Entertainment

(received rating)

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 the Busch Gardens theme parks in Tampa, Florida and Williamsburg, Virginia.

See also

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Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to [email protected]

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