Mizuho Reiterates "Underperform" Rating for United Parks & Resorts (NYSE:PRKS)

Mizuho reissued their underperform rating on shares of United Parks & Resorts (NYSE:PRKS - Free Report) in a research note published on Friday,Benzinga reports. They currently have a $43.00 price target on the stock, down from their previous price target of $45.00.

Other analysts also recently issued research reports about the stock. Truist Financial lifted their price target on shares of United Parks & Resorts from $60.00 to $64.00 and gave the company a "buy" rating in a research note on Friday. The Goldman Sachs Group lowered United Parks & Resorts from a "buy" rating to a "neutral" rating and decreased their target price for the company from $63.00 to $53.00 in a research report on Thursday, August 8th. B. Riley reiterated a "buy" rating and issued a $71.00 target price on shares of United Parks & Resorts in a report on Monday, October 7th. JPMorgan Chase & Co. cut their price target on United Parks & Resorts from $57.00 to $56.00 and set a "neutral" rating on the stock in a research note on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of United Parks & Resorts from $76.00 to $74.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. One 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, United Parks & Resorts currently has an average rating of "Moderate Buy" and an average price target of $62.90.

United Parks & Resorts Stock Performance

PRKS stock traded up $1.75 during midday trading on Friday, reaching $56.77. The company's stock had a trading volume of 855,721 shares, compared to its average volume of 895,520. United Parks & Resorts has a 1 year low of $44.72 and a 1 year high of $60.36. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 14.23 and a beta of 2.00. The stock has a fifty day simple moving average of $51.78 and a two-hundred day simple moving average of $51.73.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last posted its quarterly earnings results 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 92.07% and a net margin of 14.06%. The company had revenue of $545.90 million during the quarter, compared to the consensus estimate of $550.47 million. During the same quarter in the previous year, the company posted $1.92 earnings per share. The company's revenue for the quarter was down .4% on a year-over-year basis. As a group, analysts forecast that United Parks & Resorts will post 4.23 EPS for the current fiscal year.

Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider George Anthony Taylor sold 23,837 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $52.94, for a total transaction of $1,261,930.78. Following the completion of the sale, the insider now directly owns 85,463 shares of the company's stock, valued at approximately $4,524,411.22. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider George Anthony Taylor sold 23,837 shares of United Parks & Resorts stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $52.94, for a total value of $1,261,930.78. Following the completion of the sale, the insider now directly owns 85,463 shares in the company, valued at $4,524,411.22. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jayson Maxwell sold 545 shares of United Parks & Resorts stock in a transaction 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 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 disclosure for this sale can be found here. Insiders have sold 37,366 shares of company stock worth $1,938,984 over the last quarter. Insiders own 1.10% of the company's stock.

Institutional Trading of United Parks & Resorts

A number of hedge funds have recently modified their holdings of PRKS. Hexagon Capital Partners LLC purchased a new position in shares of United Parks & Resorts in the 3rd quarter valued at about $25,000. Exchange Traded Concepts LLC purchased a new stake in shares of United Parks & Resorts in the third quarter valued at approximately $28,000. Blue Trust Inc. acquired a new position in shares of United Parks & Resorts during the 3rd quarter worth approximately $30,000. KBC Group NV acquired a new position in shares of United Parks & Resorts during the 3rd quarter worth approximately $54,000. Finally, Amalgamated Bank purchased a new position in shares of United Parks & Resorts during the 3rd quarter valued at approximately $65,000.

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.