United Parks & Resorts Inc. (NYSE:PRKS) Receives $56.91 Average Price Target from Brokerages

Key Points

• United Parks & Resorts Inc. (NYSE:PRKS) has an average analyst rating of "Hold," with one sell rating, six hold ratings, and five buy ratings, reflecting a cautious outlook from market analysts.
• The company's share price currently stands at $52.48, with a market cap of $2.89 billion, but it has reported a loss in quarterly earnings, missing estimates by $0.31 per share.
• Recent institutional activity has seen several firms significantly increase their holdings in United Parks & Resorts, indicating growing investor interest despite mixed performance metrics.

United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) has been assigned an average recommendation of "Hold" from the twelve ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $57.7273.

A number of brokerages have commented on PRKS. Stifel Nicolaus lowered their target price on United Parks & Resorts from $65.00 to $63.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Zacks Research upgraded United Parks & Resorts from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 26th. Citigroup raised their price objective on United Parks & Resorts from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. Truist Financial increased their target price on United Parks & Resorts from $58.00 to $61.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Guggenheim dropped their target price on United Parks & Resorts from $74.00 to $67.00 and set a "buy" rating for the company in a report on Thursday, July 17th.

United Parks & Resorts Trading Up 0.9%

Shares of United Parks & Resorts stock traded up $0.47 on Friday, reaching $54.42. 1,438,301 shares of the company were exchanged, compared to its average volume of 902,609. The stock has a fifty day moving average price of $50.14 and a 200-day moving average price of $47.51. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 14.55 and a beta of 1.34. United Parks & Resorts has a fifty-two week low of $37.68 and a fifty-two week high of $60.83.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.31). The business had revenue of $490.21 million for the quarter, compared to analyst estimates of $505.20 million. United Parks & Resorts had a net margin of 12.39% and a negative return on equity of 47.59%. The firm's quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.46 earnings per share. On average, equities analysts anticipate that United Parks & Resorts will post 3.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On United Parks & Resorts

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mariner LLC acquired a new stake in shares of United Parks & Resorts in the 4th quarter valued at $214,000. Northern Trust Corp increased its stake in shares of United Parks & Resorts by 3.2% in the 4th quarter. Northern Trust Corp now owns 334,839 shares of the company's stock valued at $18,815,000 after buying an additional 10,484 shares during the period. Comerica Bank increased its stake in shares of United Parks & Resorts by 23.3% in the 4th quarter. Comerica Bank now owns 8,690 shares of the company's stock valued at $488,000 after buying an additional 1,644 shares during the period. Freestone Grove Partners LP acquired a new stake in shares of United Parks & Resorts in the 4th quarter valued at $471,000. Finally, Bwcp LP increased its stake in shares of United Parks & Resorts by 11.5% in the 4th quarter. Bwcp LP now owns 412,064 shares of the company's stock valued at $23,154,000 after buying an additional 42,624 shares during the period.

About United Parks & Resorts

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.