United Parks & Resorts (NYSE:PRKS) Price Target Lowered to $60.00 at Truist Financial

United Parks & Resorts (NYSE:PRKS) had its target price cut by Truist Financial from $62.00 to $60.00 in a research report released on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

PRKS has been the topic of a number of other research reports. Macquarie cut their price objective on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. B. Riley reiterated a “buy” rating and set a $71.00 price objective on shares of United Parks & Resorts in a research note on Monday, October 7th. The Goldman Sachs Group downgraded United Parks & Resorts from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $63.00 to $53.00 in a research note on Thursday, August 8th. Stifel Nicolaus reduced their price target on United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Citigroup upped their price objective on United Parks & Resorts from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, United Parks & Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $63.00.

United Parks & Resorts Stock Performance

Shares of PRKS opened at $52.24 on Monday. The stock has a 50-day moving average of $50.56 and a two-hundred day moving average of $51.70. The stock has a market cap of $3.26 billion, a P/E ratio of 14.04 and a beta of 2.01. United Parks & Resorts has a one year low of $40.87 and a one year high of $60.36.

United Parks & Resorts (NYSE:PRKS) last released its earnings results on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.08). United Parks & Resorts had a negative return on equity of 92.07% and a net margin of 14.06%. The firm had revenue of $497.60 million for the quarter, compared to analyst estimates of $503.93 million. During the same period last year, the firm earned $1.35 EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Analysts predict that United Parks & Resorts will post 4.35 EPS for the current fiscal year.

Insider Buying and Selling at United Parks & Resorts

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 completion of 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Jayson Maxwell sold 545 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total transaction of $26,944.80. Following the completion of the sale, the insider now owns 722 shares of the company’s stock, valued at $35,695.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Yoshikazu Maruyama sold 12,984 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.07, for a total transaction of $650,108.88. Following the transaction, the director now owns 41,766 shares of the company’s stock, valued at approximately $2,091,223.62. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,366 shares of company stock valued at $1,938,984. Company insiders own 1.10% of the company’s stock.

Institutional Trading of United Parks & Resorts

A number of institutional investors have recently made changes to their positions in the company. Hexagon Capital Partners LLC purchased a new position in United Parks & Resorts in the 3rd quarter valued at $25,000. Exchange Traded Concepts LLC acquired a new stake in shares of United Parks & Resorts in the third quarter valued at about $28,000. Blue Trust Inc. acquired a new stake in shares of United Parks & Resorts in the third quarter valued at about $30,000. nVerses Capital LLC acquired a new position in United Parks & Resorts during the third quarter worth about $304,000. Finally, Handelsbanken Fonder AB acquired a new position in United Parks & Resorts during the third quarter worth about $390,000.

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.