United Parks & Resorts (NYSE:PRKS) Price Target Raised to $64.00 at Truist Financial

United Parks & Resorts (NYSE:PRKS - Free Report) had its price objective lifted by Truist Financial from $60.00 to $64.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also weighed in on PRKS. JPMorgan Chase & Co. cut their target price 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. The Goldman Sachs Group lowered shares of United Parks & Resorts from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $63.00 to $53.00 in a research note on Thursday, August 8th. Mizuho dropped their target price on United Parks & Resorts from $46.00 to $45.00 and set an "underperform" rating on the stock in a research report on Monday, October 28th. Macquarie cut their price target on United Parks & Resorts from $75.00 to $70.00 and set an "outperform" rating for the company in a report on Friday, October 18th. Finally, Stifel Nicolaus dropped their price objective 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. 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 company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $62.90.

United Parks & Resorts Price Performance

Shares of United Parks & Resorts stock traded up $1.75 on Friday, reaching $56.77. 855,721 shares of the company traded hands, compared to its average volume of 895,520. The firm has a market capitalization of $3.29 billion, a PE ratio of 14.75 and a beta of 2.00. The company has a 50 day moving average of $51.63 and a 200 day moving average of $51.70. United Parks & Resorts has a 52 week low of $44.72 and a 52 week high of $60.36.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $2.08 earnings per share (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 firm had revenue of $545.90 million during the quarter, compared to analysts' expectations of $550.47 million. During the same period in the prior year, the business earned $1.92 earnings per share. The business's quarterly revenue was down .4% compared to the same quarter last year. As a group, analysts anticipate that United Parks & Resorts will post 4.23 earnings per share for the current year.

Insider Transactions at United Parks & Resorts

In related news, Director Yoshikazu Maruyama sold 12,984 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total value of $650,108.88. Following the sale, the director now directly owns 41,766 shares of the company's stock, valued at $2,091,223.62. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other United Parks & Resorts news, Director Yoshikazu Maruyama sold 12,984 shares of the firm's stock in a transaction dated 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 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jayson Maxwell sold 545 shares of United Parks & Resorts stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $49.44, for a total value of $26,944.80. Following the sale, the insider now directly owns 722 shares of the company's stock, valued at approximately $35,695.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,366 shares of company stock valued at $1,938,984. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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

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.