B. Riley Raises United Parks & Resorts (NYSE:PRKS) Price Target to $84.00

United Parks & Resorts (NYSE:PRKS) had its target price upped by B. Riley from $75.00 to $84.00 in a research report report published on Monday morning, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently commented on PRKS. Citigroup increased their price target on United Parks & Resorts from $57.00 to $59.00 and gave the company a neutral rating in a report on Thursday, May 9th. Truist Financial reduced their price target on United Parks & Resorts from $64.00 to $58.00 and set a buy rating for the company in a report on Friday, May 3rd. Mizuho increased their price target on United Parks & Resorts from $47.00 to $48.00 and gave the company an underperform rating in a report on Thursday, May 9th. Finally, Guggenheim began coverage on United Parks & Resorts in a report on Thursday, April 4th. They issued a buy rating and a $73.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and a consensus price target of $63.83.

United Parks & Resorts Price Performance

Shares of NYSE:PRKS opened at $52.99 on Monday. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 14.24 and a beta of 2.02. The stock’s 50-day moving average price is $51.57. United Parks & Resorts has a 12 month low of $40.87 and a 12 month high of $58.44.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.09. United Parks & Resorts had a negative return on equity of 88.59% and a net margin of 13.84%. The company had revenue of $297.40 million during the quarter, compared to analyst estimates of $286.88 million. During the same period in the prior year, the firm posted ($0.26) earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. As a group, research analysts predict that United Parks & Resorts will post 4.38 EPS for the current year.

Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider Kyle Robert Miller sold 1,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $53.87, for a total transaction of $53,870.00. Following the completion of the transaction, the insider now directly owns 36,961 shares of the company’s stock, valued at approximately $1,991,089.07. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Kyle Robert Miller sold 1,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $53.87, for a total transaction of $53,870.00. Following the completion of the sale, the insider now directly owns 36,961 shares of the company’s stock, valued at approximately $1,991,089.07. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher Dold sold 32,518 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $51.54, for a total value of $1,675,977.72. Following the sale, the insider now directly owns 33,242 shares of the company’s stock, valued at $1,713,292.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,018 shares of company stock valued at $1,756,808. 1.10% of the stock is owned by corporate insiders.

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.