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

United Parks & Resorts Inc. (NYSE:PRKS) has received a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $59.80.

PRKS has been the subject of a number of research reports. Truist Financial decreased their target price on shares of United Parks & Resorts from $64.00 to $58.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Mizuho upped their price objective on shares of United Parks & Resorts from $47.00 to $48.00 and gave the stock an “underperform” rating in a report on Thursday, May 9th. Citigroup lifted their price target on shares of United Parks & Resorts from $57.00 to $59.00 and gave the company a “neutral” rating in a report on Thursday, May 9th. B. Riley increased their price target on United Parks & Resorts from $75.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Guggenheim assumed coverage on United Parks & Resorts in a research report on Thursday, April 4th. They issued a “buy” rating and a $73.00 price objective for the company.

United Parks & Resorts Trading Down 1.0 %

Shares of PRKS stock traded down $0.56 during mid-day trading on Monday, hitting $53.75. 390,541 shares of the stock traded hands, compared to its average volume of 834,002. The stock’s 50-day simple moving average is $51.50. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 14.46 and a beta of 2.02. United Parks & Resorts has a twelve month low of $40.87 and a twelve month high of $58.44.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.09. The business had revenue of $297.40 million for the quarter, compared to the consensus estimate of $286.88 million. United Parks & Resorts had a negative return on equity of 88.59% and a net margin of 13.84%. United Parks & Resorts’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.26) earnings per share. Equities analysts forecast that United Parks & Resorts will post 4.38 earnings per share for the current year.

Insider Activity

In related news, insider Jayson Maxwell sold 500 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $53.92, for a total value of $26,960.00. Following the completion of the transaction, the insider now owns 1,267 shares of the company’s stock, valued at $68,316.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other United Parks & Resorts news, insider Jayson Maxwell sold 500 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $53.92, for a total transaction of $26,960.00. Following the completion of the sale, the insider now directly owns 1,267 shares in the company, valued at $68,316.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kyle Robert Miller sold 1,000 shares of United Parks & Resorts stock in a transaction on Monday, April 15th. The shares were sold at an average price of $53.87, for a total value of $53,870.00. Following the completion of the transaction, the insider now owns 36,961 shares in the company, valued at approximately $1,991,089.07. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,018 shares of company stock valued at $1,756,808. 1.10% of the stock is owned by insiders.

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.