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

Key Points

• United Parks & Resorts Inc. has been given a consensus recommendation of "Hold" by thirteen analysts, with one sell rating, six hold ratings, and six buy ratings.
• The company's average 12-month target price among brokers is $57.15, while recent research reports show target prices ranging from $44.00 to $63.00.
• United Parks & Resorts reported a net loss of ($0.29) per share for the last quarter, missing analysts' expectations, and its revenue decreased by 3.5% year-over-year.

Shares of United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) have received a consensus rating of "Hold" from the eleven analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $56.2727.

Several equities analysts have commented on the company. Barclays lowered their price target 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. Morgan Stanley lowered their target price on shares of United Parks & Resorts from $52.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Monday. Stifel Nicolaus cut their target price on shares of United Parks & Resorts from $65.00 to $63.00 and set a "buy" rating for the company in a research report on Friday. Citigroup raised their price target on United Parks & Resorts from $48.00 to $50.00 and gave the company a "neutral" rating in a research report on Thursday, July 10th. Finally, Guggenheim cut their price objective on United Parks & Resorts from $74.00 to $67.00 and set a "buy" rating for the company in a research report on Thursday, July 17th.

Hedge Funds Weigh In On United Parks & Resorts

A number of hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new stake in United Parks & Resorts in the first quarter valued at about $31,000. GAMMA Investing LLC grew its stake in shares of United Parks & Resorts by 3,233.3% in the 1st quarter. GAMMA Investing LLC now owns 2,500 shares of the company's stock valued at $114,000 after purchasing an additional 2,425 shares during the period. QRG Capital Management Inc. raised its holdings in shares of United Parks & Resorts by 11.3% in the 1st quarter. QRG Capital Management Inc. now owns 4,478 shares of the company's stock worth $204,000 after buying an additional 456 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of United Parks & Resorts by 7.4% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,500 shares of the company's stock worth $205,000 after buying an additional 310 shares during the period. Finally, Mariner LLC acquired a new stake in United Parks & Resorts in the 4th quarter valued at $214,000.

United Parks & Resorts Price Performance

NYSE:PRKS traded down $0.21 during trading hours on Tuesday, reaching $49.48. The company's stock had a trading volume of 534,425 shares, compared to its average volume of 854,770. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 13.19 and a beta of 1.48. United Parks & Resorts has a one year low of $37.68 and a one year high of $60.83. The business's 50-day moving average is $46.73 and its 200-day moving average is $47.59.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.31). United Parks & Resorts had a negative return on equity of 51.46% and a net margin of 12.98%. 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 company posted $1.46 EPS. The business's revenue was down 1.5% compared to the same quarter last year. On average, sell-side analysts predict that United Parks & Resorts will post 3.95 EPS 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.