Brokerages Set United Parks & Resorts Inc. (NYSE:PRKS) PT at $65.90

United Parks & Resorts Inc. (NYSE:PRKS) has been given an average recommendation of “Moderate Buy” by the ten ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $65.40.

Several research firms have issued reports on PRKS. The Goldman Sachs Group downgraded shares of United Parks & Resorts from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $63.00 to $53.00 in a research note on Thursday, August 8th. Stifel Nicolaus decreased their price objective on shares of United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Citigroup increased their target price on shares of United Parks & Resorts from $55.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Truist Financial decreased their target price on shares of United Parks & Resorts from $68.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, B. Riley increased their target price on shares of United Parks & Resorts from $75.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday, July 1st.

Insider Activity at United Parks & Resorts

In related news, insider Jayson Maxwell sold 545 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total value of $26,944.80. Following the completion of the sale, the insider now owns 722 shares in the company, valued at $35,695.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other United Parks & Resorts news, insider George Anthony Taylor sold 23,837 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $52.94, for a total value of $1,261,930.78. Following the completion of the transaction, the insider now directly owns 85,463 shares of the company’s stock, valued at $4,524,411.22. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jayson Maxwell sold 545 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total transaction of $26,944.80. Following the completion of the transaction, the insider now directly owns 722 shares of the company’s stock, valued at $35,695.68. The disclosure for this sale can be found here. Insiders sold a total of 37,366 shares of company stock worth $1,938,984 over the last 90 days. Company insiders own 1.10% of the company’s stock.

United Parks & Resorts Price Performance

NYSE:PRKS opened at $50.87 on Friday. United Parks & Resorts has a 12 month low of $40.87 and a 12 month high of $60.36. The firm has a market capitalization of $3.18 billion, a PE ratio of 13.67 and a beta of 2.01. The business’s fifty day moving average price is $51.49 and its 200 day moving average price is $52.18.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.08). United Parks & Resorts had a net margin of 14.06% and a negative return on equity of 92.07%. The company had revenue of $497.60 million during the quarter, compared to analyst estimates of $503.93 million. During the same quarter in the prior year, the company earned $1.35 EPS. The business’s revenue was up .3% on a year-over-year basis. As a group, equities analysts anticipate that United Parks & Resorts will post 4.36 EPS for the current year.

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.