United Parks & Resorts Inc. (NYSE:PRKS) Receives $62.60 Consensus Target Price from Brokerages

United Parks & Resorts Inc. (NYSE:PRKS) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $62.60.

A number of brokerages have recently commented on PRKS. Guggenheim dropped their price target on United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Macquarie dropped their target price on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, October 18th. JPMorgan Chase & Co. reduced their price target on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Truist Financial upped their price target on shares of United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, B. Riley restated a “buy” rating and set a $71.00 price objective on shares of United Parks & Resorts in a research note on Monday, October 7th.

United Parks & Resorts Trading Down 0.4 %

Shares of United Parks & Resorts stock opened at $55.43 on Monday. United Parks & Resorts has a 12 month low of $44.72 and a 12 month high of $60.83. The firm has a market capitalization of $3.05 billion, a P/E ratio of 13.89 and a beta of 2.00. The business has a fifty day simple moving average of $55.98 and a two-hundred day simple moving average of $53.05.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.15). United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The business had revenue of $545.90 million during the quarter, compared to the consensus estimate of $550.47 million. During the same quarter in the previous year, the business earned $1.92 earnings per share. The firm’s revenue was down .4% compared to the same quarter last year. Analysts predict that United Parks & Resorts will post 3.97 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Christopher L. Finazzo sold 13,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $55.62, for a total value of $723,060.00. Following the transaction, the insider now owns 132,439 shares in the company, valued at $7,366,257.18. This represents a 8.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James Mikolaichik bought 34,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $57.29 per share, with a total value of $1,947,860.00. Following the completion of the transaction, the insider now directly owns 76,267 shares of the company’s stock, valued at $4,369,336.43. This trade represents a 80.44 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PRKS. SG Americas Securities LLC bought a new position in United Parks & Resorts in the 3rd quarter worth $739,000. Handelsbanken Fonder AB purchased a new stake in United Parks & Resorts in the third quarter worth about $390,000. Hexagon Capital Partners LLC bought a new position in shares of United Parks & Resorts in the third quarter worth about $25,000. Perpetual Ltd bought a new position in shares of United Parks & Resorts in the third quarter worth about $16,862,000. Finally, Inspire Investing LLC purchased a new position in shares of United Parks & Resorts during the 3rd quarter valued at about $411,000.

United Parks & Resorts Company Profile

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.