United Parks & Resorts (NYSE:PRKS) Price Target Raised to $64.00 at Truist Financial

by · The Cerbat Gem

United Parks & Resorts (NYSE:PRKS – Free Report) had its target price boosted by Truist Financial from $60.00 to $64.00 in a research note published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently issued reports on PRKS. Mizuho decreased their target price on United Parks & Resorts from $46.00 to $45.00 and set an “underperform” rating on the stock in a research report on Monday, October 28th. JPMorgan Chase & Co. decreased their price objective on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Macquarie lowered 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. Stifel Nicolaus reduced their price target on shares of United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Citigroup increased their price objective on shares of United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.90.

View Our Latest Stock Analysis on PRKS

United Parks & Resorts Stock Up 3.2 %

NYSE:PRKS traded up $1.75 during trading hours on Friday, hitting $56.77. 855,950 shares of the stock traded hands, compared to its average volume of 895,520. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 14.23 and a beta of 2.00. United Parks & Resorts has a 1 year low of $44.72 and a 1 year high of $60.36. The stock has a 50 day moving average price of $51.78 and a 200 day moving average price of $51.73.

United Parks & Resorts (NYSE:PRKS – Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.15). The business had revenue of $545.90 million during the quarter, compared to analysts’ expectations of $550.47 million. United Parks & Resorts had a net margin of 14.06% and a negative return on equity of 92.07%. United Parks & Resorts’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.92 earnings per share. Equities analysts forecast that United Parks & Resorts will post 4.23 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jayson Maxwell sold 545 shares of the company’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 transaction, the insider now directly owns 722 shares of the company’s stock, valued at $35,695.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other United Parks & Resorts news, insider Jayson Maxwell sold 545 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total transaction of $26,944.80. Following the completion of the transaction, the insider now directly owns 722 shares of the company’s stock, valued at approximately $35,695.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Yoshikazu Maruyama sold 12,984 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total transaction of $650,108.88. Following the completion of the sale, the director now directly owns 41,766 shares in the company, valued at $2,091,223.62. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,366 shares of company stock worth $1,938,984. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new stake in United Parks & Resorts during the 3rd quarter worth approximately $487,000. Vance Wealth Inc. acquired a new stake in United Parks & Resorts during the 3rd quarter worth $209,000. Pathstone Holdings LLC purchased a new stake in shares of United Parks & Resorts during the third quarter worth $1,498,000. Quest Partners LLC purchased a new position in shares of United Parks & Resorts in the third quarter worth about $448,000. Finally, KBC Group NV purchased a new position in shares of United Parks & Resorts in the third quarter worth about $54,000.

About United Parks & Resorts

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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.

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