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

United Parks & Resorts Inc. (NYSE:PRKS) has been assigned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $62.60.

A number of equities research analysts recently weighed in on the stock. Mizuho restated an “underperform” rating and set a $43.00 price objective (down from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. Truist Financial upped their price target on shares of United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Macquarie lowered 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 restated a “buy” rating and issued a $71.00 target price on shares of United Parks & Resorts in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. decreased their price target on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating for the company in a research note on Monday, September 16th.

Insider Activity at United Parks & Resorts

In other United Parks & Resorts news, insider James Mikolaichik bought 34,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were bought at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the acquisition, the insider now directly owns 76,267 shares of the company’s stock, valued at approximately $4,369,336.43. This trade represents a 80.44 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christopher L. Finazzo sold 13,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $55.62, for a total transaction of $723,060.00. Following the transaction, the insider now owns 132,439 shares in the company, valued at approximately $7,366,257.18. This represents a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of United Parks & Resorts

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of United Parks & Resorts during the 3rd quarter worth about $739,000. Handelsbanken Fonder AB acquired a new stake in United Parks & Resorts in the third quarter valued at approximately $390,000. Hexagon Capital Partners LLC bought a new stake in United Parks & Resorts in the third quarter worth approximately $25,000. Perpetual Ltd acquired a new position in shares of United Parks & Resorts during the 3rd quarter worth $16,862,000. Finally, Inspire Investing LLC acquired a new stake in shares of United Parks & Resorts in the 3rd quarter valued at $411,000.

United Parks & Resorts Stock Up 0.7 %

Shares of NYSE:PRKS opened at $54.50 on Monday. United Parks & Resorts has a fifty-two week low of $44.72 and a fifty-two week high of $60.83. The company has a market cap of $3.00 billion, a PE ratio of 13.66 and a beta of 2.00. The company’s 50-day moving average price is $55.86 and its 200 day moving average price is $52.98.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.15). The business 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%. During the same quarter in the prior year, the firm posted $1.92 earnings per share. The business’s quarterly revenue was down .4% on a year-over-year basis. As a group, equities analysts anticipate that United Parks & Resorts will post 3.97 EPS for the current year.

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.