United Parks & Resorts (NYSE:PRKS) Shares Gap Up to $49.16

United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $49.16, but opened at $52.88. United Parks & Resorts shares last traded at $50.30, with a volume of 566,936 shares traded.

Analyst Ratings Changes

A number of brokerages have issued reports on PRKS. Truist Financial lowered their price objective on United Parks & Resorts from $64.00 to $58.00 and set a "buy" rating for the company in a research note on Friday, May 3rd. Citigroup lifted their target price on United Parks & Resorts from $54.00 to $57.00 and gave the company a "neutral" rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. boosted their price objective on United Parks & Resorts from $57.00 to $61.00 and gave the company a "neutral" rating in a research report on Thursday, February 29th. Mizuho initiated coverage on United Parks & Resorts in a report on Tuesday, March 26th. They issued an "underperform" rating and a $47.00 target price on the stock. Finally, Guggenheim initiated coverage on United Parks & Resorts in a research note on Thursday, April 4th. They set a "buy" rating and a $73.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $59.20.

United Parks & Resorts Stock Up 5.0 %

The stock's 50-day simple moving average is $53.00. The company has a market capitalization of $3.26 billion, a PE ratio of 14.22 and a beta of 1.83.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.16). United Parks & Resorts had a net margin of 13.56% and a negative return on equity of 72.46%. The business had revenue of $389.00 million for the quarter, compared to analysts' expectations of $396.45 million. During the same quarter last year, the business posted $0.76 earnings per share. The business's revenue was down .4% compared to the same quarter last year. Research analysts anticipate that United Parks & Resorts Inc. will post 4.59 EPS for the current fiscal year.

Insider Activity at United Parks & Resorts

In other news, insider Kyle Robert Miller sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, April 15th. The shares were 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 owns 36,961 shares of the company's stock, valued at $1,991,089.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Kyle Robert Miller sold 1,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $53.87, for a total value of $53,870.00. Following the sale, the insider now 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 can be accessed through this hyperlink. Also, insider Byron Surrett sold 1,082 shares of the company's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $53.48, for a total transaction of $57,865.36. Following the completion of the sale, the insider now directly owns 10,586 shares of the company's stock, valued at approximately $566,139.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,165 shares of company stock worth $420,927. 1.10% of the stock is currently 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.