Analysts Set United Parks & Resorts Inc. (NYSE:PRKS) Price Target at $62.60

United Parks & Resorts Inc. (NYSE:PRKS) has been given a consensus rating of “Moderate Buy” by the ten brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $62.60.

A number of equities research analysts recently commented on PRKS shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. The Goldman Sachs Group cut United Parks & Resorts from a “buy” rating to a “neutral” rating and dropped their price target for the company from $63.00 to $53.00 in a research report on Thursday, August 8th. B. Riley reissued a “buy” rating and issued a $71.00 price objective on shares of United Parks & Resorts in a report on Monday, October 7th. Mizuho reaffirmed an “underperform” rating and set a $43.00 price objective (down from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. Finally, Truist Financial lifted their target price on shares of United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, November 8th.

Insiders Place Their Bets

In other news, Director Yoshikazu Maruyama sold 12,984 shares of the business’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 completion of the transaction, the director now owns 41,766 shares of the company’s stock, valued at approximately $2,091,223.62. The trade was a 23.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Mikolaichik purchased 34,000 shares of the business’s stock in a transaction on Monday, November 18th. The stock was bought at an average cost of $57.29 per share, with a total value of $1,947,860.00. Following the purchase, the insider now owns 76,267 shares in the company, valued at approximately $4,369,336.43. This represents a 80.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On United Parks & Resorts

Several institutional investors have recently modified their holdings of the company. Franklin Resources Inc. purchased a new stake in United Parks & Resorts in the third quarter worth approximately $246,000. Virtu Financial LLC bought a new position in shares of United Parks & Resorts during the 3rd quarter valued at $270,000. Geode Capital Management LLC purchased a new position in United Parks & Resorts in the 3rd quarter worth $37,472,000. ABS Direct Equity Fund LLC bought a new stake in United Parks & Resorts in the third quarter worth $3,542,000. Finally, Barclays PLC purchased a new stake in United Parks & Resorts during the third quarter valued at about $18,222,000.

United Parks & Resorts Trading Up 1.0 %

Shares of PRKS opened at $58.64 on Thursday. The stock has a 50 day moving average of $53.61 and a 200 day moving average of $52.34. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 14.70 and a beta of 2.00. United Parks & Resorts has a 12 month low of $44.72 and a 12 month high of $60.36.

United Parks & Resorts (NYSE:PRKS) last released its earnings results on Thursday, November 7th. The company reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.15). United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The business had revenue of $545.90 million for the quarter, compared to the consensus estimate of $550.47 million. During the same quarter in the previous year, the firm earned $1.92 earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis. As a group, equities research analysts predict that United Parks & Resorts will post 3.97 earnings per share for the current year.

About United Parks & Resorts

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.