United Parks & Resorts (NYSE:PRKS) Given New $56.00 Price Target at Guggenheim

United Parks & Resorts (NYSE:PRKS) had its target price increased by stock analysts at Guggenheim from $54.00 to $56.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Guggenheim‘s target price would indicate a potential upside of 29.56% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on PRKS. Mizuho set a $51.00 target price on shares of United Parks & Resorts in a report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price target on United Parks & Resorts from $39.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Truist Financial lowered their price target on United Parks & Resorts from $53.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. The Goldman Sachs Group restated a “neutral” rating and issued a $39.00 price objective on shares of United Parks & Resorts in a research note on Friday. Finally, Citigroup upped their price objective on United Parks & Resorts from $34.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday. Four analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $45.90.

United Parks & Resorts Trading Up 8.1%

Shares of PRKS opened at $43.22 on Tuesday. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 3.21 and a beta of 1.22. United Parks & Resorts has a 1-year low of $28.77 and a 1-year high of $50.00. The company’s fifty day simple moving average is $34.48 and its 200 day simple moving average is $38.09.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings results on Thursday, November 5th. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.14). The firm had revenue of $506.45 million for the quarter, compared to the consensus estimate of $511.03 million. United Parks & Resorts had a negative return on equity of 27.85% and a net margin of 8.11%. The business’s revenue was down 1.1% compared to the same quarter last year. During the same period last year, the company posted $1.61 earnings per share. As a group, research analysts forecast that United Parks & Resorts will post 2.85 earnings per share for the current year.

Insider Transactions at United Parks & Resorts

In other news, insider James Forrester, Jr. sold 1,150 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $35.71, for a total transaction of $41,066.50. Following the completion of the sale, the insider owned 26,733 shares in the company, valued at $954,635.43. The trade was a 4.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On United Parks & Resorts

A number of large investors have recently made changes to their positions in the company. NewEdge Wealth LLC increased its stake in shares of United Parks & Resorts by 4.0% in the 1st quarter. NewEdge Wealth LLC now owns 13,323 shares of the company’s stock valued at $435,000 after purchasing an additional 509 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of United Parks & Resorts by 40.5% during the 2nd quarter. Versant Capital Management Inc now owns 1,862 shares of the company’s stock worth $89,000 after buying an additional 537 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of United Parks & Resorts by 183.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock worth $31,000 after buying an additional 551 shares during the last quarter. Royal Bank of Canada lifted its position in shares of United Parks & Resorts by 27.3% during the 1st quarter. Royal Bank of Canada now owns 2,805 shares of the company’s stock worth $92,000 after buying an additional 602 shares during the last quarter. Finally, Group One Trading LLC acquired a new stake in United Parks & Resorts in the second quarter valued at about $31,000.

United Parks & Resorts Company Profile

United Parks & Resorts Inc is a theme park and entertainment company that owns and operates parks featuring marine life, thrill rides, animal experiences and family attractions. Its portfolio includes the SeaWorld, Busch Gardens, Aquatica, Discovery Cove and Sesame Place brands, as well as other regional parks.

The company’s parks are located primarily in the United States. Its history includes its former identity as SeaWorld Entertainment and SeaWorld Parks & Entertainment; it adopted the United Parks & Resorts name in 2024.

United Parks & Resorts is headquartered in Orlando, Florida.