United Parks & Resorts (NYSE:PRKS) Price Target Raised to $56.00

United Parks & Resorts (NYSE:PRKS) had its target price increased by Guggenheim from $54.00 to $56.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also weighed in on PRKS. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $39.00 target price on shares of United Parks & Resorts in a report on Friday, November 6th. Mizuho set a $51.00 price target on shares of United Parks & Resorts in a report on Wednesday, August 5th. JPMorgan Chase & Co. boosted their price target on shares of United Parks & Resorts from $39.00 to $44.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Citigroup boosted their price target on shares of United Parks & Resorts from $34.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, November 6th. Finally, Weiss Ratings cut shares of United Parks & Resorts from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 30th. Four analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $45.90.

United Parks & Resorts Trading Down 3.9%

Shares of PRKS stock opened at $40.11 on Tuesday. The stock has a 50 day moving average of $34.57 and a two-hundred day moving average of $38.14. United Parks & Resorts has a 12 month low of $28.77 and a 12 month high of $50.00. The company has a market capitalization of $1.82 billion, a P/E ratio of 15.64, a P/E/G ratio of 4.15 and a beta of 1.22.

United Parks & Resorts (NYSE:PRKS) last issued its earnings results on Thursday, November 5th. The company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.14). The firm had revenue of $506.45 million during the quarter, compared to analyst estimates of $511.03 million. United Parks & Resorts had a net margin of 7.57% and a negative return on equity of 23.19%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 earnings per share. Sell-side analysts predict that United Parks & Resorts will post 2.70 earnings per share for the current fiscal year.

Insider Buying and Selling at United Parks & Resorts

In related news, insider James Forrester, Jr. sold 1,150 shares of the firm’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 completion of the sale, the insider owned 26,733 shares of the company’s stock, valued at $954,635.43. This trade represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Landscape Capital Management L.L.C. bought a new stake in shares of United Parks & Resorts during the third quarter worth $2,950,000. Public Sector Pension Investment Board raised its holdings in United Parks & Resorts by 25.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 101,182 shares of the company’s stock worth $3,431,000 after purchasing an additional 20,248 shares during the last quarter. Global Retirement Partners LLC raised its holdings in United Parks & Resorts by 1,723.7% during the 3rd quarter. Global Retirement Partners LLC now owns 11,872 shares of the company’s stock worth $385,000 after purchasing an additional 11,221 shares during the last quarter. Edgestream Partners L.P. bought a new stake in United Parks & Resorts during the 3rd quarter worth about $779,000. Finally, Hantz Financial Services Inc. lifted its position in United Parks & Resorts by 103.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,249 shares of the company’s stock valued at $105,000 after purchasing an additional 1,649 shares during the period.

United Parks & Resorts Company Profile

United Parks & Resorts Inc. is a theme park and entertainment company that owns and operates parks featuring marine life, thrill rides, animal experiences and family attractions. Its portfolio includes the SeaWorld, Busch Gardens, Aquatica, Discovery Cove and Sesame Place brands, as well as other regional parks. The company’s parks are located primarily in the United States. Its history includes its former identity as SeaWorld Entertainment and SeaWorld Parks & Entertainment; it adopted the United Parks & Resorts name in 2024.