Brokerages Set United Parks & Resorts Inc. (NYSE:PRKS) Target Price at $58.38

Shares of United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) have earned an average recommendation of "Hold" from the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $57.85.

PRKS has been the subject of a number of recent research reports. Mizuho boosted their target price on shares of United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a research report on Thursday, February 27th. Guggenheim boosted their price objective on shares of United Parks & Resorts from $72.00 to $74.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. decreased their target price on shares of United Parks & Resorts from $63.00 to $59.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 27th. Barclays started coverage on United Parks & Resorts in a research note on Friday, March 14th. They issued an "equal weight" rating and a $50.00 price target for the company. Finally, Truist Financial lowered their price objective on United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating on the stock in a research note on Monday, April 14th.

Institutional Trading of United Parks & Resorts

Several large investors have recently bought and sold shares of PRKS. Caitong International Asset Management Co. Ltd bought a new position in shares of United Parks & Resorts in the first quarter worth about $31,000. Steward Partners Investment Advisory LLC lifted its stake in United Parks & Resorts by 267.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company's stock valued at $103,000 after purchasing an additional 1,339 shares during the last quarter. GAMMA Investing LLC boosted its position in United Parks & Resorts by 3,233.3% in the first quarter. GAMMA Investing LLC now owns 2,500 shares of the company's stock valued at $114,000 after buying an additional 2,425 shares in the last quarter. Schechter Investment Advisors LLC bought a new stake in shares of United Parks & Resorts during the fourth quarter worth $209,000. Finally, Mariner LLC bought a new stake in shares of United Parks & Resorts during the fourth quarter worth $214,000.

United Parks & Resorts Stock Up 1.8%

Shares of NYSE PRKS traded up $0.75 during mid-day trading on Monday, reaching $42.63. 386,818 shares of the company were exchanged, compared to its average volume of 879,906. The stock has a market capitalization of $2.34 billion, a P/E ratio of 11.37, a P/E/G ratio of 2.13 and a beta of 1.44. The company's 50-day simple moving average is $44.73 and its 200-day simple moving average is $49.55. United Parks & Resorts has a twelve month low of $37.68 and a twelve month high of $60.83.

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 negative return on equity of 51.46% and a net margin of 12.98%. The company had revenue of $286.95 million for the quarter, compared to analyst estimates of $294.28 million. During the same quarter last year, the business earned ($0.17) earnings per share. The company's revenue was down 3.5% on a year-over-year basis. As a group, equities research analysts expect that United Parks & Resorts will post 3.95 EPS 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.