United Parks & Resorts (NYSE:PRKS) Price Target Lowered to $60.00 at Truist Financial

United Parks & Resorts (NYSE:PRKS) had its price objective lowered by Truist Financial from $62.00 to $60.00 in a report published on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts also recently weighed in on PRKS. B. Riley reissued a “buy” rating and issued a $71.00 price target on shares of United Parks & Resorts in a report on Monday, October 7th. The Goldman Sachs Group downgraded shares of United Parks & Resorts from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $63.00 to $53.00 in a research report on Thursday, August 8th. Macquarie cut their price target on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. Citigroup upped their target price on United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, United Parks & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $63.00.

United Parks & Resorts Stock Down 0.1 %

NYSE PRKS opened at $52.18 on Monday. United Parks & Resorts has a 52 week low of $40.87 and a 52 week high of $60.36. The company has a 50 day moving average price of $50.63 and a 200 day moving average price of $51.70. The firm has a market cap of $3.02 billion, a PE ratio of 13.62 and a beta of 2.01.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.08). The business had revenue of $497.60 million for the quarter, compared to analyst estimates of $503.93 million. United Parks & Resorts had a negative return on equity of 92.07% and a net margin of 14.06%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the company posted $1.35 earnings per share. On average, equities research analysts anticipate that United Parks & Resorts will post 4.35 earnings per share for the current fiscal year.

Insider Buying and Selling at United Parks & Resorts

In related news, insider Jayson Maxwell sold 545 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $49.44, for a total transaction of $26,944.80. Following the sale, the insider now directly owns 722 shares of the company’s stock, valued at $35,695.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other United Parks & Resorts news, insider George Anthony Taylor sold 23,837 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $52.94, for a total value of $1,261,930.78. Following the completion of the transaction, the insider now owns 85,463 shares in the company, valued at approximately $4,524,411.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jayson Maxwell sold 545 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total value of $26,944.80. Following the sale, the insider now owns 722 shares in the company, valued at $35,695.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,366 shares of company stock worth $1,938,984. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Perpetual Ltd purchased a new position in shares of United Parks & Resorts in the third quarter worth about $16,862,000. Raymond James & Associates acquired a new position in shares of United Parks & Resorts during the 3rd quarter valued at about $4,487,000. Hunter Associates Investment Management LLC purchased a new stake in shares of United Parks & Resorts in the third quarter valued at about $1,359,000. SG Americas Securities LLC acquired a new stake in United Parks & Resorts during the third quarter worth about $739,000. Finally, Inspire Investing LLC purchased a new position in United Parks & Resorts during the third quarter worth about $411,000.

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.