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

Key Points

• United Parks & Resorts Inc. has received a consensus rating of "Hold" from 12 brokerages, with one sell rating, seven holds, and four buy ratings. The average 12-month price objective among analysts is $56.40.
• The company reported $1.45 EPS in its latest earnings, missing analysts' expectations of $1.76, and experienced a 1.5% year-over-year decline in revenue.
• Institutional investments have increased, with notable raises from firms such as Hawk Ridge Capital Management and Maverick Capital, indicating growing interest in the company's stock.

United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) has been assigned a consensus rating of "Hold" from the twelve brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $56.40.

A number of brokerages have issued reports on PRKS. Truist Financial raised 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, September 3rd. Zacks Research upgraded United Parks & Resorts from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 26th. Weiss Ratings reiterated a "hold (c)" rating on shares of United Parks & Resorts in a report on Wednesday, October 8th. Mizuho lifted their price objective on United Parks & Resorts from $44.00 to $46.00 and gave the company an "underperform" rating in a report on Wednesday, August 13th. Finally, Barclays cut their price objective on United Parks & Resorts from $50.00 to $49.00 and set an "equal weight" rating on the stock in a report on Friday, July 11th.

Hedge Funds Weigh In On United Parks & Resorts

Institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC bought a new position in shares of United Parks & Resorts during the 1st quarter valued at about $375,000. Hawk Ridge Capital Management LP lifted its holdings in shares of United Parks & Resorts by 21.9% during the 1st quarter. Hawk Ridge Capital Management LP now owns 1,740,768 shares of the company's stock valued at $79,135,000 after purchasing an additional 312,970 shares in the last quarter. Maverick Capital Ltd. raised its position in United Parks & Resorts by 85.7% in the 1st quarter. Maverick Capital Ltd. now owns 106,004 shares of the company's stock valued at $4,819,000 after buying an additional 48,935 shares during the last quarter. Comerica Bank raised its position in United Parks & Resorts by 158.5% in the 1st quarter. Comerica Bank now owns 22,462 shares of the company's stock valued at $1,021,000 after buying an additional 13,772 shares during the last quarter. Finally, Interval Partners LP acquired a new stake in United Parks & Resorts in the 1st quarter valued at approximately $1,424,000.

United Parks & Resorts Trading Up 0.5%

Shares of PRKS opened at $52.33 on Friday. United Parks & Resorts has a 1 year low of $37.68 and a 1 year high of $60.83. The stock has a market cap of $2.88 billion, a P/E ratio of 13.99 and a beta of 1.34. The stock's 50-day moving average price is $52.12 and its two-hundred day moving average price is $48.06.

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

United Parks & Resorts declared that its board has authorized a stock buyback plan on Friday, September 5th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

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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