United Parks & Resorts (NYSE:PRKS) Shares Down 5.1%

United Parks & Resorts Inc. (NYSE:PRKS) shares traded down 5.1% during mid-day trading on Tuesday . The company traded as low as $55.04 and last traded at $55.07. 519,545 shares were traded during mid-day trading, a decline of 39% from the average session volume of 851,002 shares. The stock had previously closed at $58.00.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PRKS shares. B. Riley upped their price target on shares of United Parks & Resorts from $75.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday, July 1st. Truist Financial upped their target price on United Parks & Resorts from $58.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Guggenheim assumed coverage on United Parks & Resorts in a research note on Thursday, April 4th. They issued a “buy” rating and a $73.00 price objective on the stock. Mizuho raised their target price on United Parks & Resorts from $47.00 to $48.00 and gave the company an “underperform” rating in a research note on Thursday, May 9th. Finally, Citigroup upped their price target on shares of United Parks & Resorts from $55.00 to $59.00 and gave the company a “neutral” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, United Parks & Resorts has an average rating of “Hold” and an average target price of $65.50.

United Parks & Resorts Stock Down 4.0 %

The firm has a fifty day simple moving average of $53.04. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 15.59 and a beta of 2.02.

United Parks & Resorts (NYSE:PRKS) last posted its earnings results on Wednesday, May 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.09. United Parks & Resorts had a net margin of 13.84% and a negative return on equity of 88.59%. The firm had revenue of $297.40 million during the quarter, compared to analysts’ expectations of $286.88 million. During the same period in the previous year, the company earned ($0.26) earnings per share. The company’s revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts expect that United Parks & Resorts Inc. will post 4.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other United Parks & Resorts news, insider Jayson Maxwell sold 500 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $53.92, for a total value of $26,960.00. Following the completion of the sale, the insider now owns 1,267 shares of the company’s stock, valued at $68,316.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Jayson Maxwell sold 500 shares of United Parks & Resorts stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $53.92, for a total value of $26,960.00. Following the transaction, the insider now owns 1,267 shares of the company’s stock, valued at $68,316.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Christopher Dold sold 32,518 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $51.54, for a total transaction of $1,675,977.72. Following the sale, the insider now owns 33,242 shares of the company’s stock, valued at $1,713,292.68. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

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.