United Parks & Resorts Inc. (NYSE:PRKS) Given Average Rating of “Moderate Buy” by Analysts

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

Several equities analysts have issued reports on the stock. Guggenheim decreased their price objective on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. JPMorgan Chase & Co. decreased their price target on shares of United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Truist Financial boosted their price objective on United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. B. Riley restated a “buy” rating and issued a $71.00 target price on shares of United Parks & Resorts in a research report on Monday, October 7th. Finally, Mizuho reaffirmed an “underperform” rating and issued a $43.00 price target (down from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th.

United Parks & Resorts Trading Up 1.5 %

NYSE PRKS opened at $58.07 on Thursday. United Parks & Resorts has a twelve month low of $44.72 and a twelve month high of $60.36. The stock has a 50-day moving average of $53.26 and a 200 day moving average of $52.24. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 14.55 and a beta of 2.00.

United Parks & Resorts (NYSE:PRKS) last announced its earnings results on Thursday, November 7th. The company reported $2.08 earnings per share 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 for the quarter, compared to analyst estimates of $550.47 million. During the same period in the previous year, the company earned $1.92 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year. Equities analysts predict that United Parks & Resorts will post 3.97 EPS for the current fiscal year.

Insider Activity at United Parks & Resorts

In other news, Director Yoshikazu Maruyama sold 12,984 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total transaction of $650,108.88. Following the transaction, the director now owns 41,766 shares of the company’s stock, valued at approximately $2,091,223.62. The trade was a 23.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider George Anthony Taylor sold 23,837 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $52.94, for a total transaction of $1,261,930.78. Following the completion of the sale, the insider now directly owns 85,463 shares of the company’s stock, valued at $4,524,411.22. This represents a 21.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Institutional Trading of United Parks & Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in PRKS. Hexagon Capital Partners LLC acquired a new position in United Parks & Resorts in the third quarter valued at approximately $25,000. Exchange Traded Concepts LLC purchased a new stake in United Parks & Resorts in the third quarter valued at $28,000. Blue Trust Inc. acquired a new position in shares of United Parks & Resorts in the 3rd quarter valued at $30,000. Public Employees Retirement System of Ohio purchased a new position in shares of United Parks & Resorts during the 3rd quarter worth $32,000. Finally, KBC Group NV purchased a new position in shares of United Parks & Resorts during the 3rd quarter worth $54,000.

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.