United Parks & Resorts (NYSE:PRKS) Shares Gap Up to $49.16

United Parks & Resorts Inc. (NYSE:PRKS)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $49.16, but opened at $52.88. United Parks & Resorts shares last traded at $50.30, with a volume of 566,936 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PRKS shares. Mizuho began coverage on shares of United Parks & Resorts in a research note on Tuesday, March 26th. They set an “underperform” rating and a $47.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on United Parks & Resorts from $57.00 to $61.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Citigroup raised their price objective on United Parks & Resorts from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Guggenheim assumed coverage on United Parks & Resorts in a research report on Thursday, April 4th. They issued a “buy” rating and a $73.00 target price on the stock. Finally, Truist Financial decreased their price objective on shares of United Parks & Resorts from $64.00 to $58.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, United Parks & Resorts currently has an average rating of “Hold” and an average target price of $59.20.

United Parks & Resorts Stock Up 3.9 %

The company has a market cap of $3.23 billion, a P/E ratio of 13.54 and a beta of 1.83. The stock’s 50-day moving average is $53.02.

United Parks & Resorts (NYSE:PRKS) last posted its earnings results on Wednesday, February 28th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.16). United Parks & Resorts had a net margin of 13.56% and a negative return on equity of 72.46%. The firm had revenue of $389.00 million for the quarter, compared to analysts’ expectations of $396.45 million. During the same period last year, the firm earned $0.76 earnings per share. United Parks & Resorts’s revenue for the quarter was down .4% compared to the same quarter last year. On average, equities research analysts expect that United Parks & Resorts Inc. will post 4.59 EPS for the current fiscal year.

Insider Transactions at United Parks & Resorts

In related news, insider Kyle Robert Miller sold 1,000 shares of United Parks & Resorts stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $53.87, for a total value of $53,870.00. Following the completion of the transaction, the insider now owns 36,961 shares in the company, valued at approximately $1,991,089.07. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Kyle Robert Miller sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $53.87, for a total transaction of $53,870.00. Following the completion of the transaction, the insider now directly owns 36,961 shares of the company’s stock, valued at approximately $1,991,089.07. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Byron Surrett sold 5,083 shares of United Parks & Resorts stock in a transaction on Friday, March 15th. The shares were sold at an average price of $50.50, for a total transaction of $256,691.50. Following the completion of the sale, the insider now directly owns 15,306 shares in the company, valued at approximately $772,953. The disclosure for this sale can be found here. Insiders have sold a total of 8,165 shares of company stock valued at $420,927 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

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.