United Parks & Resorts (NYSE:PRKS) Trading Down 5.1%

United Parks & Resorts Inc. (NYSE:PRKS) dropped 5.1% during trading on Tuesday . The stock traded as low as $55.04 and last traded at $55.07. Approximately 519,545 shares were traded during trading, a decline of 39% from the average daily volume of 851,002 shares. The stock had previously closed at $58.00.

Wall Street Analyst Weigh In

PRKS has been the subject of several research reports. Truist Financial lifted their price objective on shares of United Parks & Resorts from $58.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Guggenheim began coverage on shares of United Parks & Resorts in a research note on Thursday, April 4th. They set a “buy” rating and a $73.00 price objective for the company. B. Riley boosted their target price on shares of United Parks & Resorts from $75.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, July 1st. Citigroup boosted their target price on shares of United Parks & Resorts from $55.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Mizuho boosted their target price on shares of United Parks & Resorts from $47.00 to $48.00 and gave the company an “underperform” rating in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, United Parks & Resorts currently has a consensus rating of “Hold” and a consensus price target of $65.50.

United Parks & Resorts Trading Up 3.1 %

The company has a market capitalization of $3.43 billion, a P/E ratio of 14.77 and a beta of 2.02. The business has a fifty day simple moving average of $53.12.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.09. The company had revenue of $297.40 million during the quarter, compared to analyst estimates of $286.88 million. United Parks & Resorts had a net margin of 13.84% and a negative return on equity of 88.59%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.26) EPS. As a group, analysts forecast that United Parks & Resorts Inc. will post 4.38 EPS for the current fiscal year.

Insider Transactions at United Parks & Resorts

In other news, insider Christopher Dold sold 32,518 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $51.54, for a total transaction of $1,675,977.72. Following the completion of the sale, the insider now owns 33,242 shares of the company’s stock, valued at $1,713,292.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Jayson Maxwell sold 500 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $53.92, for a total transaction of $26,960.00. Following the completion of the sale, the insider now owns 1,267 shares of the company’s stock, valued at $68,316.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher Dold sold 32,518 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $51.54, for a total transaction of $1,675,977.72. Following the completion of the sale, the insider now directly owns 33,242 shares of the company’s stock, valued at approximately $1,713,292.68. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

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.