United Parks & Resorts Inc. (NYSE:PRKS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have earned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $63.70.

Several research firms recently commented on PRKS. Truist Financial decreased their price target on shares of United Parks & Resorts from $68.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, August 8th. The Goldman Sachs Group downgraded shares of United Parks & Resorts from a “buy” rating to a “neutral” rating and cut their target price for the company from $63.00 to $53.00 in a research report on Thursday, August 8th. Macquarie lowered their price target on United Parks & Resorts from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. B. Riley reissued a “buy” rating and set a $71.00 target price on shares of United Parks & Resorts in a research note on Monday, October 7th. Finally, Citigroup increased their price objective on United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, September 18th.

Insider Buying and Selling

In other United Parks & Resorts news, insider Jayson Maxwell sold 545 shares of United Parks & Resorts stock in a transaction that occurred on Tuesday, August 27th. The stock was 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 directly owns 722 shares in the company, valued at approximately $35,695.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Jayson Maxwell sold 545 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $49.44, for a total transaction of $26,944.80. Following the transaction, the insider now directly owns 722 shares of the company’s stock, valued at $35,695.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider George Anthony Taylor sold 23,837 shares of the stock in a transaction on 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 sale, the insider now directly owns 85,463 shares of the company’s stock, valued at $4,524,411.22. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,366 shares of company stock valued at $1,938,984 over the last ninety days. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On United Parks & Resorts

A number of large investors have recently made changes to their positions in PRKS. SG Americas Securities LLC bought a new stake in shares of United Parks & Resorts in the 3rd quarter worth approximately $739,000. Handelsbanken Fonder AB purchased a new position in United Parks & Resorts during the third quarter valued at $390,000. Hexagon Capital Partners LLC purchased a new position in shares of United Parks & Resorts in the third quarter worth $25,000. Perpetual Ltd purchased a new stake in United Parks & Resorts during the third quarter valued at $16,862,000. Finally, Inspire Investing LLC bought a new position in shares of United Parks & Resorts in the third quarter worth about $411,000.

United Parks & Resorts Trading Up 2.1 %

United Parks & Resorts stock opened at $51.02 on Wednesday. The company’s 50-day moving average price is $49.72 and its two-hundred day moving average price is $51.90. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 13.32 and a beta of 2.01. United Parks & Resorts has a 52 week low of $40.87 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 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.08). The firm had revenue of $497.60 million during 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 business’s revenue was up .3% on a year-over-year basis. During the same period last year, the business earned $1.35 earnings per share. Research analysts expect that United Parks & Resorts will post 4.35 earnings per share for the current fiscal 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.