United Parks & Resorts (NYSE:PRKS) Given New $59.00 Price Target at JPMorgan Chase & Co.

United Parks & Resorts (NYSE:PRKS - Free Report) had its target price trimmed by JPMorgan Chase & Co. from $63.00 to $59.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research analysts have also recently commented on PRKS. UBS Group assumed coverage on United Parks & Resorts in a research report on Wednesday, April 9th. They set a "neutral" rating and a $49.00 price target for the company. Macquarie cut their price objective on United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Stifel Nicolaus lowered their target price on shares of United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Mizuho increased their price target on shares of United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a research note on Thursday, February 27th. Finally, Truist Financial decreased 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 report on Monday, April 14th. One 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. According to data from MarketBeat, United Parks & Resorts currently has a consensus rating of "Hold" and a consensus price target of $58.38.

United Parks & Resorts Price Performance

PRKS traded up $0.06 during trading on Tuesday, reaching $47.56. The company had a trading volume of 762,046 shares, compared to its average volume of 890,906. The company has a market cap of $2.61 billion, a P/E ratio of 11.92 and a beta of 1.51. United Parks & Resorts has a 12 month low of $37.68 and a 12 month high of $60.83. The business's fifty day moving average price is $45.26 and its 200 day moving average price is $51.04.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.06). The business had revenue of $286.95 million for the quarter, compared to the consensus estimate of $294.28 million. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. United Parks & Resorts's revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.17) earnings per share. As a group, sell-side analysts predict that United Parks & Resorts will post 3.95 EPS for the current fiscal year.

Insider Transactions at United Parks & Resorts

In related news, insider Byron Surrett sold 7,008 shares of United Parks & Resorts stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $48.90, for a total transaction of $342,691.20. Following the completion of the sale, the insider now directly owns 11,050 shares of the company's stock, valued at approximately $540,345. This trade represents a 38.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in United Parks & Resorts by 0.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 52,963 shares of the company's stock worth $2,976,000 after purchasing an additional 258 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its position in shares of United Parks & Resorts by 7.4% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,500 shares of the company's stock valued at $205,000 after buying an additional 310 shares in the last quarter. LPL Financial LLC boosted its stake in shares of United Parks & Resorts by 7.0% in the fourth quarter. LPL Financial LLC now owns 5,316 shares of the company's stock valued at $299,000 after buying an additional 350 shares during the period. QRG Capital Management Inc. increased its stake in United Parks & Resorts by 11.3% during the 1st quarter. QRG Capital Management Inc. now owns 4,478 shares of the company's stock worth $204,000 after acquiring an additional 456 shares during the period. Finally, KBC Group NV raised its holdings in 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 in the last quarter.

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.