United Parks & Resorts (NYSE:PRKS) Stock Rating Reaffirmed by B. Riley

United Parks & Resorts (NYSE:PRKS)‘s stock had its “buy” rating reiterated by equities research analysts at B. Riley in a research report issued on Monday, Benzinga reports. They presently have a $71.00 target price on the stock. B. Riley’s target price points to a potential upside of 45.52% from the stock’s previous close.

A number of other research analysts also recently commented on PRKS. The Goldman Sachs Group downgraded shares of United Parks & Resorts from a “buy” rating to a “neutral” rating and lowered their price target for the company from $63.00 to $53.00 in a report on Thursday, August 8th. Citigroup increased their price target on shares of United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, September 18th. JPMorgan Chase & Co. reduced their price objective on shares of United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Macquarie reduced their price objective on shares of United Parks & Resorts from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, United Parks & Resorts presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.70.

United Parks & Resorts Stock Down 0.9 %

PRKS opened at $48.79 on Monday. United Parks & Resorts has a 52 week low of $40.87 and a 52 week high of $60.36. The firm has a 50-day simple moving average of $49.70 and a two-hundred day simple moving average of $51.95. The company has a market capitalization of $3.05 billion, a PE ratio of 13.12 and a beta of 2.01.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.08). United Parks & Resorts had a net margin of 14.06% and a negative return on equity of 92.07%. The business had revenue of $497.60 million during the quarter, compared to the consensus estimate of $503.93 million. During the same period in the previous year, the business posted $1.35 EPS. The firm’s revenue was up .3% on a year-over-year basis. As a group, sell-side analysts expect that United Parks & Resorts will post 4.35 earnings per share for the current year.

Insider Activity at United Parks & Resorts

In related news, Director Yoshikazu Maruyama sold 12,984 shares of United Parks & Resorts stock in a transaction that occurred 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 transaction, the director now directly owns 41,766 shares of the company’s stock, valued at $2,091,223.62. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other United Parks & Resorts news, Director Yoshikazu Maruyama sold 12,984 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the insider now owns 722 shares of the company’s stock, valued at approximately $35,695.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,366 shares of company stock valued at $1,938,984 over the last ninety days. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On United Parks & Resorts

Several institutional investors have recently bought and sold shares of the company. Hexagon Capital Partners LLC acquired a new stake in shares of United Parks & Resorts during the third quarter worth $25,000. Handelsbanken Fonder AB acquired a new stake in shares of United Parks & Resorts during the third quarter worth $390,000. Finally, SG Americas Securities LLC acquired a new stake in shares of United Parks & Resorts during the third quarter worth $739,000.

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.