United Parks & Resorts (NYSE:PRKS) Stock Price Down 1.9%

United Parks & Resorts Inc. (NYSE:PRKS) shares traded down 1.9% during mid-day trading on Wednesday . The company traded as low as $52.24 and last traded at $52.24. 49,195 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 835,312 shares. The stock had previously closed at $53.27.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Mizuho increased their price objective on United Parks & Resorts from $47.00 to $48.00 and gave the stock an “underperform” rating in a report on Thursday, May 9th. Guggenheim began coverage on United Parks & Resorts in a research note on Thursday, April 4th. They issued a “buy” rating and a $73.00 target price on the stock. B. Riley increased their target price on United Parks & Resorts from $75.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday. Citigroup increased their target price on United Parks & Resorts from $57.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, May 9th. Finally, Truist Financial cut their target price on United Parks & Resorts from $64.00 to $58.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $63.83.

United Parks & Resorts Stock Down 0.6 %

The firm has a market capitalization of $3.31 billion, a P/E ratio of 14.32 and a beta of 2.02. The firm’s 50-day simple moving average is $51.56.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings data on Wednesday, May 8th. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.09. United Parks & Resorts had a negative return on equity of 88.59% and a net margin of 13.84%. The company had revenue of $297.40 million for the quarter, compared to analysts’ expectations of $286.88 million. During the same period last year, the firm posted ($0.26) earnings per share. United Parks & Resorts’s revenue was up 1.4% compared to the same quarter last year. Equities analysts anticipate that United Parks & Resorts Inc. will post 4.38 earnings per share for the current fiscal year.

Insider Activity at United Parks & Resorts

In other United Parks & Resorts news, insider Christopher Dold sold 32,518 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $51.54, for a total value of $1,675,977.72. Following the transaction, the insider now directly owns 33,242 shares of the company’s stock, valued at $1,713,292.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other United Parks & Resorts news, insider Kyle Robert Miller sold 1,000 shares of the firm’s 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 transaction, the insider now directly owns 36,961 shares of the company’s stock, valued at $1,991,089.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher Dold sold 32,518 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $51.54, for a total value of $1,675,977.72. Following the completion of the transaction, the insider now directly owns 33,242 shares in the company, valued at $1,713,292.68. The disclosure for this sale can be found here. Insiders have sold 34,018 shares of company stock valued at $1,756,808 over the last ninety days. Insiders own 1.10% of the company’s stock.

United Parks & Resorts Company Profile

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.