United Parks & Resorts Inc. (NYSE:PRKS) Insider Sells $26,944.80 in Stock

United Parks & Resorts Inc. (NYSE:PRKS) insider Jayson Maxwell sold 545 shares of United Parks & Resorts stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total value of $26,944.80. Following the completion of the transaction, the insider now owns 722 shares of the company’s stock, valued at $35,695.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

United Parks & Resorts Stock Performance

Shares of PRKS opened at $49.22 on Friday. United Parks & Resorts Inc. has a fifty-two week low of $40.87 and a fifty-two week high of $60.36. The firm has a 50-day simple moving average of $51.97 and a 200-day simple moving average of $51.99. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 13.23 and a beta of 2.02.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.08). The company had revenue of $497.60 million for the quarter, compared to analyst estimates of $503.93 million. United Parks & Resorts had a negative return on equity of 92.07% and a net margin of 14.06%. The firm’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.35 earnings per share. Equities research analysts forecast that United Parks & Resorts Inc. will post 4.36 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PRKS. Stifel Nicolaus decreased their price objective on United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Citigroup lifted their price target on shares of United Parks & Resorts from $55.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Truist Financial dropped their price objective on shares of United Parks & Resorts from $68.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Mizuho increased their target price on United Parks & Resorts from $47.00 to $48.00 and gave the company an “underperform” rating in a report on Thursday, May 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating for the company in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.90.

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.