United Parks & Resorts Inc. (NYSE:PRKS) Receives Consensus Recommendation of "Hold" from Analysts

Shares of United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) have earned an average recommendation of "Hold" from the thirteen brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $57.92.

Several equities analysts have issued reports on the company. Barclays cut their price objective on United Parks & Resorts from $50.00 to $49.00 and set an "equal weight" rating for the company in a research report on Friday. Truist Financial lowered their target price on United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Morgan Stanley lifted their target price on United Parks & Resorts from $50.00 to $52.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Stifel Nicolaus lowered their target price on United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Finally, UBS Group started coverage on United Parks & Resorts in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $49.00 target price for the company.

Institutional Investors Weigh In On United Parks & Resorts

Hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new stake in United Parks & Resorts in the first quarter worth $375,000. Bank of America Corp DE grew its stake in United Parks & Resorts by 40.8% in the fourth quarter. Bank of America Corp DE now owns 915,918 shares of the company's stock valued at $51,465,000 after acquiring an additional 265,322 shares during the period. National Bank of Canada FI grew its stake in United Parks & Resorts by 2,024,910.0% in the fourth quarter. National Bank of Canada FI now owns 405,002 shares of the company's stock valued at $22,757,000 after acquiring an additional 404,982 shares during the period. Raymond James Financial Inc. acquired a new position in United Parks & Resorts in the fourth quarter valued at about $30,292,000. Finally, ExodusPoint Capital Management LP grew its stake in United Parks & Resorts by 82.5% in the fourth quarter. ExodusPoint Capital Management LP now owns 140,201 shares of the company's stock valued at $7,878,000 after acquiring an additional 63,385 shares during the period.

United Parks & Resorts Stock Down 3.8%

PRKS traded down $1.87 during trading on Friday, hitting $47.50. The company's stock had a trading volume of 585,194 shares, compared to its average volume of 874,611. The firm's 50 day moving average price is $46.15 and its two-hundred day moving average price is $48.49. United Parks & Resorts has a 12 month low of $37.68 and a 12 month high of $60.83. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 2.48 and a beta of 1.44.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.06). United Parks & Resorts had a net margin of 12.98% and a negative return on equity of 51.46%. The business had revenue of $286.95 million during the quarter, compared to the consensus estimate of $294.28 million. During the same quarter in the previous year, the firm posted ($0.17) EPS. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. On average, sell-side analysts forecast that United Parks & Resorts will post 3.95 earnings per share for the current year.

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.