United Parks & Resorts (NYSE:PRKS) Given New $56.00 Price Target at Guggenheim

Key Points

• Guggenheim raised its price target for United Parks & Resorts to $56 from $54 and maintained a Buy rating, implying about 29.6% upside from the current share price.
• Analyst sentiment overall remains cautious: MarketBeat reports an average Hold rating and a consensus target of $45.90, with four Buy and ten Hold ratings.
• The company’s latest quarter missed expectations: EPS was $1.74 versus $1.88 forecast, and revenue was $506.45 million versus $511.03 million expected; revenue declined 1.1% year over year.

United Parks & Resorts (NYSE:PRKS - Get Free Report) had its price target boosted by equities research analysts at Guggenheim from $54.00 to $56.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Guggenheim's target price suggests a potential upside of 29.56% from the company's current price.

Several other equities analysts have also issued reports on PRKS. Mizuho set a $51.00 price target on shares of United Parks & Resorts in a report on Wednesday, August 5th. The Goldman Sachs Group restated a "neutral" rating and issued a $39.00 price objective on shares of United Parks & Resorts in a research report on Friday. Deutsche Bank Aktiengesellschaft set a $55.00 price objective on United Parks & Resorts in a research note on Thursday, August 6th. Weiss Ratings lowered United Parks & Resorts from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, October 30th. Finally, Zacks Research upgraded United Parks & Resorts from a "strong sell" rating to a "hold" rating in a report on Monday, October 12th. Four research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, United Parks & Resorts has an average rating of "Hold" and an average target price of $45.90.

United Parks & Resorts Stock Performance

Shares of NYSE PRKS opened at $43.22 on Tuesday. The stock has a market cap of $1.96 billion, a P/E ratio of 16.19, a P/E/G ratio of 3.21 and a beta of 1.22. The firm has a 50 day moving average price of $34.48 and a 200 day moving average price of $38.09. United Parks & Resorts has a 52-week low of $28.77 and a 52-week high of $50.00.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.14). The firm had revenue of $506.45 million during the quarter, compared to the consensus estimate of $511.03 million. United Parks & Resorts had a net margin of 8.11% and a negative return on equity of 27.85%. The firm's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.61 EPS. Analysts predict that United Parks & Resorts will post 2.85 earnings per share for the current fiscal year.

Insider Transactions at United Parks & Resorts

In other United Parks & Resorts news, insider James Forrester, Jr. sold 1,150 shares of United Parks & Resorts stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $35.71, for a total value of $41,066.50. Following the sale, the insider owned 26,733 shares of the company's stock, valued at $954,635.43. This trade represents a 4.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Pinnacle Associates Ltd. grew its holdings in shares of United Parks & Resorts by 11.5% in the 3rd quarter. Pinnacle Associates Ltd. now owns 627,966 shares of the company's stock valued at $20,346,000 after acquiring an additional 64,694 shares in the last quarter. ABS Investment Management LLC acquired a new stake in shares of United Parks & Resorts in the second quarter valued at about $2,387,000. Legal & General Group Plc acquired a new stake in shares of United Parks & Resorts in the second quarter valued at about $2,436,000. Hawk Ridge Capital Management LP bought a new stake in United Parks & Resorts during the first quarter worth about $51,094,000. Finally, Corient Private Wealth LP bought a new stake in United Parks & Resorts during the second quarter worth about $4,685,000.

United Parks & Resorts Company Profile

United Parks & Resorts Inc is a theme park and entertainment company that owns and operates parks featuring marine life, thrill rides, animal experiences and family attractions. Its portfolio includes the SeaWorld, Busch Gardens, Aquatica, Discovery Cove and Sesame Place brands, as well as other regional parks.

The company's parks are located primarily in the United States. Its history includes its former identity as SeaWorld Entertainment and SeaWorld Parks & Entertainment; it adopted the United Parks & Resorts name in 2024.

United Parks & Resorts is headquartered in Orlando, Florida.

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