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

United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the ten analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $62.60.

A number of equities analysts have recently commented on the company. Truist Financial boosted their price objective on United Parks & Resorts from $60.00 to $64.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Guggenheim lowered their price target on shares of United Parks & Resorts from $72.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, November 12th. JPMorgan Chase & Co. dropped their price objective on shares of 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. Citigroup lifted their price objective on shares of United Parks & Resorts from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 18th. Finally, Stifel Nicolaus dropped their target price on United Parks & Resorts from $76.00 to $70.00 and set a "buy" rating on the stock in a report on Thursday, August 8th.

Insider Buying and Selling

In other news, insider George Anthony Taylor sold 23,837 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was 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 of the company's stock, valued at approximately $4,524,411.22. This represents a 21.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Yoshikazu Maruyama sold 12,984 shares of United Parks & Resorts stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total transaction of $650,108.88. Following the completion of the transaction, the director now directly owns 41,766 shares in the company, valued at $2,091,223.62. The trade was a 23.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Eagle Asset Management Inc. purchased a new position in United Parks & Resorts during the 3rd quarter worth $21,959,000. Quest Partners LLC purchased a new position in United Parks & Resorts during the 3rd quarter worth $448,000. River Road Asset Management LLC purchased a new position in United Parks & Resorts during the 3rd quarter worth $66,841,000. Perpetual Ltd purchased a new position in United Parks & Resorts during the 3rd quarter worth $16,862,000. Finally, SG Americas Securities LLC purchased a new position in United Parks & Resorts during the 3rd quarter worth $739,000.

United Parks & Resorts Trading Up 1.5 %

United Parks & Resorts stock traded up $0.84 during midday trading on Thursday, reaching $58.07. 598,934 shares of the stock traded hands, compared to its average volume of 889,277. The company has a 50-day simple moving average of $53.38 and a two-hundred day simple moving average of $52.28. United Parks & Resorts has a 12-month low of $44.72 and a 12-month high of $60.36. The firm has a market cap of $3.19 billion, a PE ratio of 14.55 and a beta of 2.00.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last announced its 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 net margin of 13.85% and a negative return on equity of 76.13%. The firm had revenue of $545.90 million for the quarter, compared to analysts' expectations of $550.47 million. During the same quarter last year, the business earned $1.92 earnings per share. The business's revenue was down .4% compared to the same quarter last year. Equities research analysts anticipate that United Parks & Resorts will post 3.97 earnings per share for the current year.

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.