United Parks & Resorts Inc. (NYSE:PRKS) Receives $47.30 Consensus Price Target from Brokerages

United Parks & Resorts Inc. (NYSE:PRKS) has been given a consensus recommendation of “Hold” by the fourteen brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $47.30.

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft set a $55.00 price objective on shares of United Parks & Resorts in a research note on Thursday, August 6th. Mizuho set a $51.00 target price on shares of United Parks & Resorts in a research note on Wednesday, August 5th. Guggenheim lifted their price target on shares of United Parks & Resorts from $51.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Citigroup upped their price target on United Parks & Resorts from $46.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. increased their price objective on United Parks & Resorts from $39.00 to $44.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th.

United Parks & Resorts Stock Performance

Shares of United Parks & Resorts stock opened at $44.53 on Friday. The company has a market capitalization of $2.02 billion, a PE ratio of 17.53, a P/E/G ratio of 4.22 and a beta of 1.16. The company has a 50-day simple moving average of $45.91 and a two-hundred day simple moving average of $39.04. United Parks & Resorts has a one year low of $28.77 and a one year high of $56.95.

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

Insider Transactions at United Parks & Resorts

In related news, insider Christopher L. Finazzo sold 8,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $36.76, for a total transaction of $294,080.00. Following the transaction, the insider directly owned 130,285 shares of the company’s stock, valued at $4,789,276.60. This represents a 5.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On United Parks & Resorts

Several institutional investors have recently added to or reduced their stakes in the business. SkyView Investment Advisors LLC grew its stake in shares of United Parks & Resorts by 1.7% during the fourth quarter. SkyView Investment Advisors LLC now owns 21,685 shares of the company’s stock worth $787,000 after acquiring an additional 358 shares during the last quarter. Captrust Financial Advisors raised its position in shares of United Parks & Resorts by 4.9% in the 2nd quarter. Captrust Financial Advisors now owns 8,999 shares of the company’s stock valued at $424,000 after purchasing an additional 420 shares during the last quarter. NewEdge Wealth LLC raised its position in shares of United Parks & Resorts by 4.0% in the 1st quarter. NewEdge Wealth LLC now owns 13,323 shares of the company’s stock valued at $435,000 after purchasing an additional 509 shares during the last quarter. Versant Capital Management Inc boosted its stake in United Parks & Resorts by 40.5% in the 2nd quarter. Versant Capital Management Inc now owns 1,862 shares of the company’s stock worth $89,000 after purchasing an additional 537 shares in the last quarter. Finally, Quarry LP acquired a new stake in United Parks & Resorts in the 3rd quarter worth approximately $28,000.

United Parks & Resorts Company Profile

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.