United Parks & Resorts Inc. (NYSE:PRKS) Receives Consensus Rating of “Moderate Buy” from Analysts

United Parks & Resorts Inc. (NYSE:PRKS) has been assigned an average recommendation of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $62.60.

A number of research analysts recently commented on PRKS shares. B. Riley reaffirmed a “buy” rating and issued a $71.00 target price on shares of United Parks & Resorts in a research report on Monday, October 7th. The Goldman Sachs Group cut United Parks & Resorts from a “buy” rating to a “neutral” rating and cut their target price for the stock from $63.00 to $53.00 in a research report on Thursday, August 8th. Mizuho reissued an “underperform” rating and issued a $43.00 target price (down from $45.00) on shares of United Parks & Resorts in a research report on Friday, November 8th. Macquarie cut their price target on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. Finally, Citigroup increased their price objective on United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, September 18th.

United Parks & Resorts Stock Performance

NYSE:PRKS opened at $60.29 on Thursday. United Parks & Resorts has a 1 year low of $44.72 and a 1 year high of $60.83. The stock has a market cap of $3.32 billion, a P/E ratio of 15.11 and a beta of 2.00. The stock has a 50-day simple moving average of $53.79 and a 200-day simple moving average of $52.39.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.08 earnings per share (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 business had revenue of $545.90 million during the quarter, compared to analyst estimates of $550.47 million. During the same period last year, the company earned $1.92 earnings per share. The business’s revenue for the quarter was down .4% compared to the same quarter last year. On average, equities research analysts predict that United Parks & Resorts will post 3.97 EPS for the current year.

Insiders Place Their Bets

In other United Parks & Resorts news, insider George Anthony Taylor sold 23,837 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $52.94, for a total transaction of $1,261,930.78. Following the sale, the insider now directly owns 85,463 shares in the company, valued at approximately $4,524,411.22. The trade was a 21.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Mikolaichik purchased 34,000 shares of the stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of $57.29 per share, for a total transaction of $1,947,860.00. Following the completion of the purchase, the insider now owns 76,267 shares in the company, valued at approximately $4,369,336.43. This trade represents 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 insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC purchased a new position in United Parks & Resorts in the 3rd quarter valued at approximately $25,000. Exchange Traded Concepts LLC purchased a new position in shares of United Parks & Resorts in the third quarter valued at $28,000. Blue Trust Inc. acquired a new position in shares of United Parks & Resorts during the 3rd quarter worth $30,000. Public Employees Retirement System of Ohio purchased a new stake in shares of United Parks & Resorts in the 3rd quarter worth about $32,000. Finally, KBC Group NV acquired a new stake in United Parks & Resorts in the 3rd quarter valued at about $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.