United Parks & Resorts (NYSE:PRKS) Price Target Raised to $74.00

United Parks & Resorts (NYSE:PRKS) had its price target raised by Guggenheim from $72.00 to $74.00 in a report released on Tuesday, MarketBeat Ratings reports. Guggenheim currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Morgan Stanley boosted their price target on shares of United Parks & Resorts from $50.00 to $52.00 and gave the company an “equal weight” rating in a report on Tuesday. Mizuho boosted their price target on shares of United Parks & Resorts from $43.00 to $45.00 and gave the company an “underperform” rating in a report on Thursday, February 27th. UBS Group initiated coverage on shares of United Parks & Resorts in a report on Wednesday, April 9th. They issued a “neutral” rating and a $49.00 price target for the company. Macquarie reduced their price objective on shares of United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Finally, Truist Financial reduced their price objective on shares of United Parks & Resorts from $62.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $58.15.

United Parks & Resorts Price Performance

Shares of PRKS opened at $48.48 on Tuesday. United Parks & Resorts has a 1-year low of $37.68 and a 1-year high of $60.83. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 12.15 and a beta of 1.51. The company has a 50-day moving average of $45.38 and a 200 day moving average of $51.47.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.06). United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The business had revenue of $286.95 million during the quarter, compared to the consensus estimate of $294.28 million. During the same quarter in the prior year, the firm posted ($0.17) EPS. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, equities analysts anticipate that United Parks & Resorts will post 3.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $48.90, for a total transaction of $342,691.20. Following the sale, the insider now owns 11,050 shares of the company’s stock, valued at approximately $540,345. The trade was a 38.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by insiders.

Institutional Trading of United Parks & Resorts

Large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of United Parks & Resorts in the 1st quarter valued at $31,000. R Squared Ltd purchased a new stake in shares of United Parks & Resorts in the 4th quarter valued at $72,000. KBC Group NV boosted its holdings in shares of United Parks & Resorts by 60.2% in the 4th quarter. KBC Group NV now owns 1,698 shares of the company’s stock valued at $95,000 after acquiring an additional 638 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of United Parks & Resorts by 267.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company’s stock valued at $103,000 after acquiring an additional 1,339 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of United Parks & Resorts by 3,233.3% in the 1st quarter. GAMMA Investing LLC now owns 2,500 shares of the company’s stock valued at $114,000 after purchasing an additional 2,425 shares during the period.

United Parks & Resorts Company Profile

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.