Analysts Set United Parks & Resorts Inc. (NYSE:PRKS) PT at $65.90

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have received an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $65.00.

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. reduced 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 note on Monday. Truist Financial decreased their price target on shares of United Parks & Resorts from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Macquarie dropped their price objective on United Parks & Resorts from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. The Goldman Sachs Group cut United Parks & Resorts from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $63.00 to $53.00 in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Thursday, August 8th.

Insiders Place Their Bets

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

United Parks & Resorts Price Performance

United Parks & Resorts stock opened at $51.63 on Friday. United Parks & Resorts has a one year low of $40.87 and a one year high of $60.36. The firm has a market capitalization of $3.23 billion, a P/E ratio of 13.88 and a beta of 2.01. The business has a fifty day moving average price of $51.32 and a 200-day moving average price of $52.16.

United Parks & Resorts (NYSE:PRKS) last issued its earnings results 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 negative return on equity of 92.07% and a net margin of 14.06%. The company had revenue of $497.60 million during the quarter, compared to the consensus estimate of $503.93 million. During the same quarter in the prior year, the business earned $1.35 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. Sell-side analysts expect that United Parks & Resorts will post 4.36 earnings per share for the current fiscal year.

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.