United Parks & Resorts Inc. (NYSE:PRKS) Given Consensus Rating of “Moderate Buy” by Brokerages

United Parks & Resorts Inc. (NYSE:PRKS) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $62.60.

A number of equities analysts recently weighed in on the stock. Guggenheim lowered their price objective on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Truist Financial raised their target price on United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 8th. Macquarie dropped their target price on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, October 18th. Citigroup increased their price target on shares of United Parks & Resorts from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 18th. Finally, B. Riley restated a “buy” rating and issued a $71.00 price objective on shares of United Parks & Resorts in a report on Monday, October 7th.

United Parks & Resorts Stock Up 0.9 %

Shares of United Parks & Resorts stock opened at $54.08 on Monday. The firm has a market cap of $2.97 billion, a PE ratio of 13.55 and a beta of 2.00. United Parks & Resorts has a 52 week low of $44.72 and a 52 week high of $60.83. The business’s fifty day simple moving average is $55.70 and its 200-day simple moving average is $52.94.

United Parks & Resorts (NYSE:PRKS) last posted 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 net margin of 13.85% and a negative return on equity of 76.13%. The company had revenue of $545.90 million during the quarter, compared to analyst estimates of $550.47 million. During the same period in the previous year, the company earned $1.92 EPS. The company’s quarterly revenue was down .4% compared to the same quarter last year. As a group, equities analysts expect that United Parks & Resorts will post 3.97 earnings per share for the current year.

Insider Activity at United Parks & Resorts

In other news, insider Christopher L. Finazzo sold 13,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $55.62, for a total transaction of $723,060.00. Following the sale, the insider now owns 132,439 shares of the company’s stock, valued at approximately $7,366,257.18. This trade represents a 8.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Mikolaichik purchased 34,000 shares of the company’s stock in a transaction on Monday, November 18th. The stock was bought at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the completion of the purchase, the insider now directly owns 76,267 shares of the company’s stock, valued at $4,369,336.43. The trade was a 80.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PRKS. Hexagon Capital Partners LLC purchased a new stake in shares of United Parks & Resorts in the 3rd quarter valued at about $25,000. Exchange Traded Concepts LLC acquired a new position in United Parks & Resorts during the third quarter worth approximately $28,000. Blue Trust Inc. acquired a new position in United Parks & Resorts during the third quarter worth approximately $30,000. Public Employees Retirement System of Ohio purchased a new stake in United Parks & Resorts in the third quarter valued at approximately $32,000. Finally, KBC Group NV acquired a new stake in shares of United Parks & Resorts in the third quarter valued at approximately $54,000.

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.