United Parks & Resorts Inc. (NYSE:PRKS) Receives $62.70 Consensus Target Price from Analysts

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $62.70.

PRKS has been the subject of a number of research reports. Mizuho cut their target price on shares of United Parks & Resorts from $46.00 to $45.00 and set an “underperform” rating for the company in a research note on Monday, October 28th. Truist Financial cut their target price on shares of United Parks & Resorts from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, October 21st. Macquarie lowered their price target on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. Stifel Nicolaus lowered their price target on shares of United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th.

Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider George Anthony Taylor sold 23,837 shares of the business’s 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 transaction, the insider now directly owns 85,463 shares in the company, valued at $4,524,411.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Yoshikazu Maruyama sold 12,984 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total value of $650,108.88. Following the transaction, the director now directly owns 41,766 shares in the company, valued at approximately $2,091,223.62. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider George Anthony Taylor sold 23,837 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $52.94, for a total transaction of $1,261,930.78. Following the completion of the transaction, the insider now owns 85,463 shares in the company, valued at approximately $4,524,411.22. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,366 shares of company stock worth $1,938,984 in the last ninety days. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On United Parks & Resorts

Several large investors have recently made changes to their positions in the stock. MQS Management LLC purchased a new stake in United Parks & Resorts during the 3rd quarter worth approximately $301,000. Victory Capital Management Inc. purchased a new stake in United Parks & Resorts during the 3rd quarter worth approximately $772,000. Entropy Technologies LP purchased a new stake in United Parks & Resorts during the 3rd quarter worth approximately $832,000. Supplemental Annuity Collective Trust of NJ purchased a new stake in United Parks & Resorts during the 3rd quarter worth approximately $202,000. Finally, River Road Asset Management LLC purchased a new stake in United Parks & Resorts during the 3rd quarter worth approximately $66,841,000.

United Parks & Resorts Stock Up 0.1 %

PRKS stock opened at $53.04 on Friday. The stock has a market capitalization of $3.07 billion, a P/E ratio of 13.85 and a beta of 2.00. The firm has a 50-day simple moving average of $51.35 and a 200-day simple moving average of $51.64. United Parks & Resorts has a 52 week low of $44.72 and a 52 week high of $60.36.

United Parks & Resorts (NYSE:PRKS) last released its earnings results on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.08). The company had revenue of $497.60 million for the quarter, compared to analysts’ expectations of $503.93 million. United Parks & Resorts had a negative return on equity of 92.07% and a net margin of 14.06%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.35 EPS. On average, analysts expect that United Parks & Resorts will post 4.23 earnings per share for the current year.

About United Parks & Resorts

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.