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

Key Points

• Twelve analysts give PRKS a consensus recommendation of Hold (3 sell, 5 hold, 4 buy), with an average 12‑month price target of $47.50.
• United Parks recently missed quarterly estimates, reporting $0.28 EPS versus $0.46 expected and $373.6M revenue versus $375.9M, with revenue down 2.8% year‑over‑year and a negative return on equity of 41.63% despite a 10.13% net margin.
• Shares trade around $35.71 (52‑week range $28.77–$56.95) with a market cap of $1.71 billion and a PE ratio of 11.71.

United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) has been given a consensus recommendation of "Hold" by the twelve research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $47.50.

A number of brokerages have recently commented on PRKS. Guggenheim lowered their price objective on United Parks & Resorts from $56.00 to $54.00 and set a "buy" rating on the stock in a report on Monday, March 2nd. Mizuho lowered their price objective on United Parks & Resorts from $28.00 to $27.00 and set an "underperform" rating on the stock in a report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on United Parks & Resorts from $63.00 to $54.00 and set a "buy" rating on the stock in a report on Friday, April 10th. Zacks Research lowered United Parks & Resorts from a "hold" rating to a "strong sell" rating in a report on Friday, April 17th. Finally, Citigroup lowered their price objective on United Parks & Resorts from $40.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, February 5th.

United Parks & Resorts Price Performance

PRKS opened at $35.71 on Thursday. United Parks & Resorts has a fifty-two week low of $28.77 and a fifty-two week high of $56.95. The business has a 50-day moving average of $33.91 and a 200-day moving average of $36.47. The company has a market capitalization of $1.71 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 2.59 and a beta of 1.14.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last posted its quarterly earnings results 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). The firm had revenue of $373.55 million for the quarter, compared to analysts' expectations of $375.87 million. United Parks & Resorts had a negative return on equity of 41.63% and a net margin of 10.13%.The firm's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the business earned $0.50 earnings per share. On average, equities research analysts expect that United Parks & Resorts will post 3.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC grew its holdings in United Parks & Resorts by 11.7% in the 1st quarter. AQR Capital Management LLC now owns 12,220 shares of the company's stock valued at $556,000 after buying an additional 1,282 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in United Parks & Resorts by 58.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 678,813 shares of the company's stock valued at $30,859,000 after buying an additional 251,522 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in United Parks & Resorts by 3.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 102,317 shares of the company's stock valued at $4,651,000 after buying an additional 3,047 shares during the last quarter. Prudential Financial Inc. acquired a new stake in United Parks & Resorts in the 2nd quarter valued at approximately $208,000. Finally, Invesco Ltd. grew its holdings in United Parks & Resorts by 5.8% in the 2nd quarter. Invesco Ltd. now owns 77,357 shares of the company's stock valued at $3,647,000 after buying an additional 4,209 shares during the last quarter.

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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