United Parks & Resorts Inc. (NYSE:PRKS) Receives Average Rating of "Moderate Buy" from Analysts

United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $62.70.

Several research firms recently commented on PRKS. Truist Financial reduced their price target on United Parks & Resorts from $62.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, October 21st. Macquarie decreased their target price on shares of United Parks & Resorts from $75.00 to $70.00 and set an "outperform" rating for the company in a research note on Friday, October 18th. The Goldman Sachs Group downgraded shares of United Parks & Resorts from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $63.00 to $53.00 in a research note on Thursday, August 8th. JPMorgan Chase & Co. decreased their price objective on shares of United Parks & Resorts from $57.00 to $56.00 and set a "neutral" rating for the company in a research report on Monday, September 16th. Finally, Stifel Nicolaus lowered their target price 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.

United Parks & Resorts Stock Down 0.1 %

Shares of PRKS stock traded down $0.06 during mid-day trading on Friday, reaching $52.57. The company's stock had a trading volume of 727,079 shares, compared to its average volume of 743,517. The firm has a market capitalization of $3.05 billion, a PE ratio of 13.73 and a beta of 2.00. The company's 50 day simple moving average is $51.21 and its 200-day simple moving average is $51.62. United Parks & Resorts has a 12-month low of $42.77 and a 12-month high of $60.36.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.08). United Parks & Resorts had a net margin of 14.06% and a negative return on equity of 92.07%. The company had revenue of $497.60 million during the quarter, compared to analysts' expectations of $503.93 million. During the same period last year, the business earned $1.35 earnings per share. The company's revenue for the quarter was up .3% compared to the same quarter last year. As a group, research analysts anticipate that United Parks & Resorts will post 4.23 EPS for the current fiscal year.

Insider Buying and Selling

In other United Parks & Resorts news, insider George Anthony Taylor sold 23,837 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $52.94, for a total transaction of $1,261,930.78. Following the sale, the insider now owns 85,463 shares in the company, valued at $4,524,411.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other United Parks & Resorts news, insider George Anthony Taylor sold 23,837 shares of United Parks & Resorts stock in a transaction 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 transaction, the insider now owns 85,463 shares of the company's stock, valued at $4,524,411.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Yoshikazu Maruyama sold 12,984 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.07, for a total transaction of $650,108.88. Following the sale, the director now directly owns 41,766 shares in the company, valued at $2,091,223.62. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,366 shares of company stock worth $1,938,984. Corporate insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On United Parks & Resorts

Large investors have recently bought and sold shares of the business. Perpetual Ltd bought a new position in shares of United Parks & Resorts during the third quarter valued at approximately $16,862,000. SG Americas Securities LLC bought a new position in United Parks & Resorts during the 3rd quarter worth $739,000. Inspire Investing LLC acquired a new stake in United Parks & Resorts in the third quarter worth $411,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in United Parks & Resorts in the third quarter valued at $27,850,000. Finally, Hunter Associates Investment Management LLC acquired a new position in shares of United Parks & Resorts during the third quarter valued at $1,359,000.

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.