B. Riley Increases United Parks & Resorts (NYSE:PRKS) Price Target to $84.00

United Parks & Resorts (NYSE:PRKS) had its target price increased by B. Riley from $75.00 to $84.00 in a research report released on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the stock. Citigroup increased their price objective on shares of United Parks & Resorts from $57.00 to $59.00 and gave the company a neutral rating in a research report on Thursday, May 9th. Guggenheim began coverage on shares of United Parks & Resorts in a research report on Thursday, April 4th. They issued a buy rating and a $73.00 price target on the stock. Truist Financial reduced their price objective on shares of United Parks & Resorts from $64.00 to $58.00 and set a buy rating for the company in a research note on Friday, May 3rd. Finally, Mizuho raised 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $63.83.

United Parks & Resorts Price Performance

Shares of NYSE PRKS opened at $54.91 on Monday. United Parks & Resorts has a 1 year low of $40.87 and a 1 year high of $58.44. The company’s 50-day moving average is $51.56. The stock has a market capitalization of $3.43 billion, a PE ratio of 14.76 and a beta of 2.02.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.09. The business had revenue of $297.40 million for the quarter, compared to analysts’ expectations of $286.88 million. United Parks & Resorts had a net margin of 13.84% and a negative return on equity of 88.59%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.26) earnings per share. On average, equities analysts anticipate that United Parks & Resorts will post 4.38 EPS for the current year.

Insider Activity at United Parks & Resorts

In other United Parks & Resorts news, insider Jayson Maxwell sold 500 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $53.92, for a total transaction of $26,960.00. Following the transaction, the insider now owns 1,267 shares of the company’s stock, valued at approximately $68,316.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Jayson Maxwell sold 500 shares of United Parks & Resorts stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $53.92, for a total value of $26,960.00. Following the transaction, the insider now owns 1,267 shares of the company’s stock, valued at approximately $68,316.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Christopher Dold sold 32,518 shares of United Parks & Resorts stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $51.54, for a total transaction of $1,675,977.72. Following the completion of the transaction, the insider now directly owns 33,242 shares in the company, valued at approximately $1,713,292.68. The disclosure for this sale can be found here. Insiders sold 34,018 shares of company stock worth $1,756,808 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

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.