Bullish call on SeaWorld; Bed Bath & Beyond gains; Red Hat jumps on earnings beat

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SeaWorld Entertainment (SEAS) – Citi upgraded SeaWorld to buy from neutral, seeing upside potential if SeaWorld deployed cash saved from removing its dividend toward key capital expenditures.

Bed Bath & Beyond (BBBY) – The company fell short of earnings expectations in its second quarter as comparable sales dropped 1.2%. Bed Bath & Beyond reported earnings per share of $1.11, short of analysts’ estimates of $1.16. The company also announced a quarterly dividend of 12.5 cents a share that will be paid out January 17 to shareholders of record on December 16.

Red Hat (RHT) – The company raised its guidance for the year after reporting better than expected second quarter earnings. Red Hat’s revenue jumped 19% year-over-year while its earnings per share from 17% from one year ago.

Rite Aid (RAD) – The company reported better-than-expected earnings for its 2017 fiscal second quarter, but fell short of Wall Street estimates on revenue. Rite Aid posted adjusted earnings per share of 3 cents on revenue of $8.0 billion. Analysts were looking for earnings of 2 cents a share and revenue of $8.2 billion.

Dunkin’ Brands (DNKN) – The company has announced that David Hoffman will take over as president of Dunkin’ Donuts US and Canada, effective October 3. Hoffman joins Dunkin’ Donuts after a 22-year career at McDonald’s.