United Parks & Resorts Inc. (NYSE:PRKS) Receives $47.20 Average PT from Brokerages

United Parks & Resorts Inc. (NYSE:PRKS) has earned a consensus rating of “Hold” from the twelve brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $47.20.

Several analysts recently commented on PRKS shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of United Parks & Resorts from $63.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Guggenheim cut their price objective on shares of United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Truist Financial increased their price objective on shares of United Parks & Resorts from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, March 26th. Citigroup cut their price objective on shares of United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Finally, Zacks Research downgraded shares of United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research report on Friday, April 17th.

Hedge Funds Weigh In On United Parks & Resorts

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sound Income Strategies LLC bought a new position in shares of United Parks & Resorts in the 4th quarter worth approximately $25,000. Federated Hermes Inc. lifted its stake in shares of United Parks & Resorts by 114.0% in the 3rd quarter. Federated Hermes Inc. now owns 550 shares of the company’s stock worth $28,000 after purchasing an additional 293 shares during the period. Quarry LP bought a new position in shares of United Parks & Resorts in the 3rd quarter worth approximately $28,000. Rockefeller Capital Management L.P. lifted its stake in shares of United Parks & Resorts by 183.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock worth $31,000 after purchasing an additional 551 shares during the period. Finally, Arax Advisory Partners bought a new position in shares of United Parks & Resorts in the 4th quarter worth approximately $31,000.

United Parks & Resorts Stock Performance

Shares of PRKS stock opened at $39.05 on Monday. United Parks & Resorts has a one year low of $28.77 and a one year high of $56.95. The company’s 50-day moving average is $35.56 and its 200 day moving average is $35.36. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 3.17 and a beta of 1.17.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.33). United Parks & Resorts had a net margin of 9.09% and a negative return on equity of 35.46%. The firm had revenue of $278.29 million for the quarter, compared to analysts’ expectations of $279.92 million. During the same period last year, the company posted ($0.29) earnings per share. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, research analysts predict that United Parks & Resorts will post 3.41 earnings per share for the current fiscal year.

United Parks & Resorts Company Profile

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.