United Parks & Resorts (NYSE:PRKS) Cut to Neutral at The Goldman Sachs Group

The Goldman Sachs Group lowered shares of United Parks & Resorts (NYSE:PRKS) from a buy rating to a neutral rating in a research note released on Thursday, Marketbeat Ratings reports. The Goldman Sachs Group currently has $53.00 price objective on the stock, down from their prior price objective of $63.00.

Other equities research analysts have also issued reports about the company. Mizuho lifted their price objective on United Parks & Resorts from $47.00 to $48.00 and gave the stock an underperform rating in a research report on Thursday, May 9th. B. Riley boosted their target price on shares of United Parks & Resorts from $75.00 to $84.00 and gave the company a buy rating in a report on Monday, July 1st. Truist Financial boosted their target price on United Parks & Resorts from $58.00 to $68.00 and gave the stock a buy rating in a report on Wednesday, July 17th. Citigroup upped their target price on shares of United Parks & Resorts from $55.00 to $59.00 and gave the stock a neutral rating in a research note on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on United Parks & Resorts from $79.00 to $76.00 and set a buy rating for the company in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $65.90.

United Parks & Resorts Trading Up 0.7 %

Shares of NYSE PRKS traded up $0.33 during mid-day trading on Thursday, hitting $47.34. The stock had a trading volume of 1,003,505 shares, compared to its average volume of 1,199,505. The business’s 50 day moving average price is $52.90. United Parks & Resorts has a 1 year low of $40.87 and a 1 year high of $60.36. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 12.73 and a beta of 2.02.

United Parks & Resorts (NYSE:PRKS) last issued 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 net margin of 13.84% and a negative return on equity of 88.59%. The firm had revenue of $297.40 million during the quarter, compared to the consensus estimate of $286.88 million. During the same period in the prior year, the firm posted ($0.26) earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, sell-side analysts predict that United Parks & Resorts will post 4.36 EPS for the current fiscal year.

Insider Transactions at United Parks & Resorts

In other news, insider Christopher Dold sold 32,518 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 33,242 shares in the company, valued at approximately $1,713,292.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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.