United Parks & Resorts Inc. (NYSE:PRKS) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Consensus "Hold": Twelve analysts rate PRKS with an average recommendation of Hold (2 sell, 6 hold, 4 buy) and an average 1-year price target of $47.50.
• Mixed analyst moves: recent notes range from upgrades (Zacks to hold) and buy calls with higher targets (Truist $53, Guggenheim $54) to downgrades/price cuts (Citigroup to $39 and Weiss reissued a sell), showing divergent views on the name.
• Recent results show an EPS miss—$0.28 vs. $0.46 expected—and slight year-over-year revenue decline; the stock trades near $37.29 with a market cap of ~$1.81B and a P/E of 12.22, implying potential upside to analyst targets if fundamentals improve.

United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) has received an average rating of "Hold" from the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $47.50.

A number of research analysts have recently weighed in on PRKS shares. Zacks Research raised shares of United Parks & Resorts from a "strong sell" rating to a "hold" rating in a research note on Thursday, January 1st. Guggenheim dropped their price objective on shares of United Parks & Resorts from $56.00 to $54.00 and set a "buy" rating for the company in a research note on Monday, March 2nd. Citigroup dropped their price objective on shares of United Parks & Resorts from $40.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, February 5th. Truist Financial raised their price objective on shares of United Parks & Resorts from $47.00 to $53.00 and gave the stock a "buy" rating in a research note on Thursday, March 26th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of United Parks & Resorts in a research note on Friday, March 27th.

Institutional Trading of United Parks & Resorts

A number of hedge funds have recently bought and sold shares of the company. CWM LLC boosted its position in United Parks & Resorts by 74.3% during the third quarter. CWM LLC now owns 495 shares of the company's stock worth $26,000 after acquiring an additional 211 shares during the last quarter. Federated Hermes Inc. boosted its position in United Parks & Resorts by 114.0% during the third quarter. Federated Hermes Inc. now owns 550 shares of the company's stock worth $28,000 after acquiring an additional 293 shares during the last quarter. SkyView Investment Advisors LLC boosted its position in United Parks & Resorts by 1.7% during the fourth quarter. SkyView Investment Advisors LLC now owns 21,685 shares of the company's stock worth $787,000 after acquiring an additional 358 shares during the last quarter. Inspire Investing LLC boosted its position in United Parks & Resorts by 4.7% during the third quarter. Inspire Investing LLC now owns 8,738 shares of the company's stock worth $452,000 after acquiring an additional 392 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in United Parks & Resorts by 4.9% during the second quarter. Captrust Financial Advisors now owns 8,999 shares of the company's stock worth $424,000 after acquiring an additional 420 shares during the last quarter.

United Parks & Resorts Price Performance

Shares of PRKS opened at $37.29 on Friday. The firm has a 50 day simple moving average of $33.97 and a 200-day simple moving average of $38.52. United Parks & Resorts has a 1-year low of $28.77 and a 1-year high of $56.95. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 2.58 and a beta of 1.18.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.18). United Parks & Resorts had a negative return on equity of 41.63% and a net margin of 10.13%.The business had revenue of $373.55 million for the quarter, compared to analysts' expectations of $375.87 million. During the same period last year, the business earned $0.50 earnings per share. The company's revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities analysts expect that United Parks & Resorts will post 3.95 earnings per share for the current fiscal year.

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.

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