United Parks & Resorts Inc. (NYSE:PRKS) Stock Has Consensus Target Price of $46.90 According to Brokerages

United Parks & Resorts Inc. (NYSE:PRKS) has received a consensus rating of “Hold” from the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $45.40.

Several analysts recently weighed in on PRKS shares. Zacks Research cut shares of United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. The Goldman Sachs Group lifted their target price on United Parks & Resorts from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Truist Financial reduced their price target on United Parks & Resorts from $53.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Guggenheim increased their price target on United Parks & Resorts from $51.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Mizuho set a $51.00 price objective on United Parks & Resorts in a research report on Wednesday, August 5th.

Insider Buying and Selling

In other news, insider James W. Forrester, Jr. sold 1,150 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $35.71, for a total value of $41,066.50. Following the transaction, the insider owned 26,733 shares in the company, valued at approximately $954,635.43. The trade was a 4.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher L. Finazzo sold 6,622 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $44.20, for a total transaction of $292,692.40. Following the completion of the sale, the insider directly owned 123,663 shares in the company, valued at approximately $5,465,904.60. This represents a 5.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On United Parks & Resorts

A number of hedge funds have recently bought and sold shares of the company. Group One Trading LLC bought a new stake in United Parks & Resorts during the second quarter valued at $31,000. Global Retirement Partners LLC bought a new position in shares of United Parks & Resorts in the 2nd quarter worth about $31,000. Rockefeller Capital Management L.P. raised its position in shares of United Parks & Resorts by 183.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock worth $31,000 after acquiring an additional 551 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of United Parks & Resorts in the 2nd quarter valued at about $53,000. Finally, Hantz Financial Services Inc. lifted its stake in shares of United Parks & Resorts by 985.3% in the 4th quarter. Hantz Financial Services Inc. now owns 1,259 shares of the company’s stock valued at $46,000 after purchasing an additional 1,143 shares during the period.

United Parks & Resorts Price Performance

NYSE:PRKS opened at $32.15 on Friday. The firm’s 50 day simple moving average is $39.41 and its 200 day simple moving average is $39.86. United Parks & Resorts has a one year low of $28.77 and a one year high of $54.68. The company has a market cap of $1.46 billion, a PE ratio of 12.66, a P/E/G ratio of 3.08 and a beta of 1.25.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.33). The business had revenue of $483.32 million during the quarter, compared to analyst estimates of $492.10 million. United Parks & Resorts had a net margin of 8.11% and a negative return on equity of 27.85%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.45 earnings per share. Equities research analysts expect that United Parks & Resorts will post 2.85 EPS for the current year.

About United Parks & Resorts

United Parks & Resorts Inc (NYSE: PRKS) is a theme park and entertainment company that owns and operates a portfolio of parks and attractions in the United States. Its properties combine amusement rides, live entertainment, animal exhibits, educational experiences, and seasonal events for families and other guests.

The company’s principal brands include SeaWorld, Busch Gardens, Sesame Place, Discovery Cove, Aquatica, Adventure Island, and Water Country USA. Its parks offer roller coasters and other rides, water attractions, animal encounters, zoological presentations, dining, retail, and hospitality-related experiences.