Brokerages Set United Parks & Resorts Inc. (NYSE:PRKS) PT at $62.60

United Parks & Resorts Inc. (NYSE:PRKS) has received an average recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $62.60.

A number of research firms recently commented on PRKS. Macquarie dropped their price target on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, October 18th. Mizuho restated an “underperform” rating and issued a $43.00 target price (down from $45.00) on shares of United Parks & Resorts in a research report on Friday, November 8th. Stifel Nicolaus decreased their price objective on shares of United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. B. Riley reaffirmed a “buy” rating and issued a $71.00 target price on shares of United Parks & Resorts in a report on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on 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.

United Parks & Resorts Stock Up 2.8 %

Shares of NYSE:PRKS opened at $60.29 on Thursday. United Parks & Resorts has a 12-month low of $44.72 and a 12-month high of $60.83. The company’s 50 day moving average price is $53.79 and its two-hundred day moving average price is $52.39. The firm has a market cap of $3.32 billion, a PE ratio of 15.11 and a beta of 2.00.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.15). The company had revenue of $545.90 million for the quarter, compared to analyst estimates of $550.47 million. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.92 EPS. On average, research analysts expect that United Parks & Resorts will post 3.97 EPS for the current year.

Insider Buying and Selling

In related news, insider James Mikolaichik bought 34,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were purchased at an average cost of $57.29 per share, with a total value of $1,947,860.00. Following the acquisition, the insider now owns 76,267 shares of the company’s stock, valued at $4,369,336.43. This represents a 80.44 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider George Anthony Taylor sold 23,837 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $52.94, for a total value of $1,261,930.78. Following the transaction, the insider now owns 85,463 shares of the company’s stock, valued at $4,524,411.22. This trade represents a 21.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On United Parks & Resorts

Hedge funds have recently bought and sold shares of the company. Hexagon Capital Partners LLC bought a new stake in United Parks & Resorts during the third quarter valued at $25,000. Exchange Traded Concepts LLC bought a new stake in shares of United Parks & Resorts during the 3rd quarter valued at about $28,000. Blue Trust Inc. acquired a new stake in United Parks & Resorts during the third quarter worth approximately $30,000. Public Employees Retirement System of Ohio bought a new stake in United Parks & Resorts in the third quarter worth approximately $32,000. Finally, KBC Group NV acquired a new position in United Parks & Resorts in the third quarter valued at approximately $54,000.

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.