United Parks & Resorts Inc. (NYSE:PRKS) Stock Has Average Target Price of $45.40

United Parks & Resorts Inc. (NYSE:PRKS) has been given a consensus rating of “Hold” by the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $45.40.

A number of brokerages have commented on PRKS. Mizuho set a $51.00 price target on United Parks & Resorts in a research report on Wednesday, August 5th. Northcoast Research assumed coverage on United Parks & Resorts in a report on Wednesday, July 8th. They issued a “neutral” rating on the stock. Truist Financial decreased their target price on United Parks & Resorts from $53.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, September 10th. JPMorgan Chase & Co. upped their target price on United Parks & Resorts from $39.00 to $44.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Finally, The Goldman Sachs Group increased their price target on shares of United Parks & Resorts from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, July 27th.

Insider Transactions at United Parks & Resorts

In related news, insider Christopher L. Finazzo sold 6,622 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $44.20, for a total value of $292,692.40. Following the completion of the transaction, the insider directly owned 123,663 shares in the company, valued at $5,465,904.60. The trade was a 5.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider James W. Forrester, Jr. sold 1,150 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $35.71, for a total value of $41,066.50. Following the transaction, the insider owned 26,733 shares in the company, valued at $954,635.43. This represents a 4.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On United Parks & Resorts

Institutional investors have recently added to or reduced their stakes in the stock. ABS Investment Management LLC purchased a new stake in United Parks & Resorts in the 2nd quarter valued at $2,387,000. Legal & General Group Plc purchased a new position in shares of United Parks & Resorts during the 2nd quarter worth $2,436,000. Pinnacle Associates Ltd. grew its holdings in shares of United Parks & Resorts by 11.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 627,966 shares of the company’s stock worth $20,346,000 after purchasing an additional 64,694 shares during the period. Hawk Ridge Capital Management LP acquired a new stake in shares of United Parks & Resorts during the 1st quarter worth about $51,094,000. Finally, Corient Private Wealth LP purchased a new stake in United Parks & Resorts in the 2nd quarter valued at about $4,685,000.

United Parks & Resorts Stock Performance

United Parks & Resorts stock opened at $30.79 on Thursday. The stock has a market cap of $1.40 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25. The stock has a 50-day moving average of $35.31 and a two-hundred day moving average of $38.13. United Parks & Resorts has a one year low of $28.77 and a one year high of $50.00.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.33). The company had revenue of $483.32 million for the quarter, compared to analyst estimates of $492.10 million. United Parks & Resorts had a net margin of 8.11% and a negative return on equity of 27.85%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.45 EPS. As a group, sell-side analysts predict that United Parks & Resorts will post 2.85 EPS for the current fiscal year.

About United Parks & Resorts

United Parks & Resorts Inc (NYSE: PRKS) is a theme park and entertainment company that owns and operates a portfolio of destination amusement and water parks in the United States. Its properties combine rides, live entertainment, animal exhibits, educational experiences, seasonal events and hospitality-related offerings.

The company’s portfolio includes SeaWorld parks in Orlando, San Antonio and San Diego; Busch Gardens parks in Tampa and Williamsburg, Virginia; Sesame Place parks in Pennsylvania and California; and water parks and attractions such as Aquatica, Adventure Island, Water Country USA and Discovery Cove.