United Parks & Resorts (NYSE:PRKS) Given New $70.00 Price Target at Macquarie

United Parks & Resorts (NYSE:PRKS - Get Free Report) had its price objective dropped by investment analysts at Macquarie from $75.00 to $70.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an "outperform" rating on the stock. Macquarie's price objective points to a potential upside of 32.90% from the company's current price.

PRKS has been the topic of several other reports. Stifel Nicolaus lowered their price objective on shares of United Parks & Resorts from $76.00 to $70.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. dropped their price target on United Parks & Resorts from $57.00 to $56.00 and set a "neutral" rating on the stock in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on United Parks & Resorts from $76.00 to $74.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. B. Riley reaffirmed a "buy" rating and set a $71.00 price objective on shares of United Parks & Resorts in a research report on Monday, October 7th. Finally, Truist Financial reduced their price objective on United Parks & Resorts from $68.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $63.20.

United Parks & Resorts Stock Down 2.6 %

NYSE:PRKS traded down $1.39 during trading hours on Friday, reaching $52.67. 538,961 shares of the company's stock were exchanged, compared to its average volume of 899,037. The company has a market capitalization of $3.05 billion, a P/E ratio of 13.75 and a beta of 2.01. United Parks & Resorts has a 12 month low of $40.87 and a 12 month high of $60.36. The business's 50-day simple moving average is $50.23 and its two-hundred day simple moving average is $51.80.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.08). The company had revenue of $497.60 million for the quarter, compared to the consensus estimate of $503.93 million. United Parks & Resorts had a negative return on equity of 92.07% and a net margin of 14.06%. The business's revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.35 earnings per share. As a group, sell-side analysts anticipate that United Parks & Resorts will post 4.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jayson Maxwell sold 545 shares of the business'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 sale, the insider now directly owns 722 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. In other news, insider Jayson Maxwell sold 545 shares of United Parks & Resorts 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 sale, the insider now directly owns 722 shares in the company, valued at approximately $35,695.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider George Anthony Taylor sold 23,837 shares of the company's 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 in the company, valued at approximately $4,524,411.22. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,366 shares of company stock worth $1,938,984. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On United Parks & Resorts

A number of hedge funds have recently modified their holdings of the stock. Raymond James & Associates acquired a new stake in shares of United Parks & Resorts in the 3rd quarter valued at $4,487,000. Blue Trust Inc. bought a new position in United Parks & Resorts during the 3rd quarter valued at about $30,000. nVerses Capital LLC acquired a new position in United Parks & Resorts in the third quarter valued at about $304,000. Exchange Traded Concepts LLC bought a new stake in United Parks & Resorts during the third quarter worth about $28,000. Finally, Inspire Investing LLC bought a new stake in United Parks & Resorts during the third quarter worth about $411,000.

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.