United Parks & Resorts Inc. (NYSE:PRKS) Receives $62.60 Average Price Target from Analysts

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

A number of analysts recently weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $71.00 price target on shares of United Parks & Resorts in a research report on Monday, October 7th. Guggenheim reduced their price target on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Truist Financial upped their price objective on shares of United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Macquarie reduced their target price on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, October 18th. Finally, Mizuho restated an “underperform” rating and issued a $43.00 price target (down from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th.

Insiders Place Their Bets

In other news, insider Christopher L. Finazzo sold 13,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $55.62, for a total value of $723,060.00. Following the completion of the transaction, the insider now owns 132,439 shares in the company, valued at $7,366,257.18. This trade represents a 8.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James Mikolaichik bought 34,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of $57.29 per share, for a total transaction of $1,947,860.00. Following the transaction, the insider now owns 76,267 shares of the company’s stock, valued at $4,369,336.43. The trade was a 80.44 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On United Parks & Resorts

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

United Parks & Resorts Stock Performance

Shares of PRKS stock opened at $53.55 on Friday. The firm’s 50 day moving average price is $56.30 and its two-hundred day moving average price is $53.47. The stock has a market cap of $2.95 billion, a PE ratio of 13.42 and a beta of 1.99. United Parks & Resorts has a 52-week low of $44.72 and a 52-week high of $60.83.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.08 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $545.90 million for the quarter, compared to analyst estimates of $550.47 million. During the same period last year, the firm earned $1.92 earnings per share. The firm’s revenue for the quarter was down .4% on a year-over-year basis. As a group, sell-side analysts predict that United Parks & Resorts will post 3.96 earnings per share for the current fiscal year.

United Parks & Resorts Company Profile

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.