Does SeaWorld Stock Deserve to Be Trading at All-Time Highs?

One of the more surprising names hitting all-time highs on Thursday when most stocks were retreating was SeaWorld Entertainment (NYSE: SEAS). The operator of namesake theme parks as well as Busch Gardens, Sesame Place, and a handful of water parks moved higher after serving up better-than-expected financial results. 

Topping expectations is always a good look, but is SeaWorld really more valuable now than it's been at any point in time since going public nearly eight years ago? You probably know the answer. We're at pre-pandemic levels. We're at pre-dividend-suspension levels. Heck, we're even at pre-Blackfish levels. Something smells fishy here, so let's don a wet suit and take a deep dive into why SeaWorld Entertainment stock is making a big splash with investors right now.

The Manta roller coaster at SeaWorld in Orlando, Florida. Image source: SeaWorld Entertainment.

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Source Fool.com