United Parks & Resorts (NYSE:PRKS) Research Coverage Started at Mizuho

Mizuho assumed coverage on shares of United Parks & Resorts (NYSE:PRKS) in a research note published on Tuesday morning, MarketBeat.com reports. The brokerage issued an underperform rating and a $47.00 price target on the stock.

PRKS has been the subject of several other research reports. JPMorgan Chase & Co. increased their target price on shares of United Parks & Resorts from $57.00 to $61.00 and gave the stock a neutral rating in a research note on Thursday, February 29th. Truist Financial raised their price objective on shares of United Parks & Resorts from $60.00 to $64.00 and gave the company a buy rating in a research report on Thursday, February 29th.

United Parks & Resorts Stock Performance

Shares of PRKS stock opened at $56.21 on Tuesday. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 15.48 and a beta of 1.80. United Parks & Resorts has a 1 year low of $40.87 and a 1 year high of $61.76.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.16). United Parks & Resorts had a negative return on equity of 72.46% and a net margin of 13.56%. The firm had revenue of $389.00 million for the quarter, compared to analysts’ expectations of $396.45 million. During the same period in the previous year, the business posted $0.76 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year. Analysts predict that United Parks & Resorts will post 4.6 earnings per share for the current year.

Insider Activity at United Parks & Resorts

In related news, insider Kyle Robert Miller sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $52.50, for a total value of $52,500.00. Following the completion of the sale, the insider now owns 37,961 shares in the company, valued at $1,992,952.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Kyle Robert Miller sold 1,000 shares of United Parks & Resorts stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $52.50, for a total transaction of $52,500.00. Following the completion of the sale, the insider now directly owns 37,961 shares in the company, valued at approximately $1,992,952.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Byron Surrett sold 1,082 shares of United Parks & Resorts stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $53.48, for a total transaction of $57,865.36. Following the sale, the insider now owns 10,586 shares of the company’s stock, valued at $566,139.28. The disclosure for this sale can be found here. Insiders sold a total of 7,165 shares of company stock worth $367,057 over the last 90 days. Company insiders own 1.10% of the company’s stock.

About United Parks & Resorts

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.