United Parks & Resorts Inc. (NYSE:PRKS) Receives Average Recommendation of “Hold” from Analysts

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have been given a consensus recommendation of “Hold” by the twelve research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $47.20.

Several research firms have weighed in on PRKS. Truist Financial raised their price target on United Parks & Resorts from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, March 26th. Stifel Nicolaus restated a “hold” rating and set a $40.00 price target (down from $43.00) on shares of United Parks & Resorts in a report on Tuesday, May 12th. Weiss Ratings restated a “sell (d+)” rating on shares of United Parks & Resorts in a report on Friday, March 27th. Guggenheim cut their price target on United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Finally, Zacks Research cut United Parks & Resorts from a “hold” rating to a “strong sell” rating in a report on Friday, April 17th.

United Parks & Resorts Trading Down 0.0%

NYSE:PRKS opened at $40.75 on Monday. The stock has a market capitalization of $1.92 billion, a P/E ratio of 15.38, a P/E/G ratio of 3.21 and a beta of 1.17. The stock has a 50-day moving average price of $35.95 and a 200 day moving average price of $35.49. United Parks & Resorts has a 12-month low of $28.77 and a 12-month high of $56.95.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.33). The firm had revenue of $278.29 million for the quarter, compared to analysts’ expectations of $279.92 million. United Parks & Resorts had a net margin of 9.09% and a negative return on equity of 35.46%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.29) EPS. On average, research analysts predict that United Parks & Resorts will post 3.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On United Parks & Resorts

Several institutional investors have recently modified their holdings of the stock. Amundi bought a new stake in shares of United Parks & Resorts in the 1st quarter valued at approximately $200,000. California State Teachers Retirement System lifted its stake in shares of United Parks & Resorts by 46.0% in the 1st quarter. California State Teachers Retirement System now owns 39,893 shares of the company’s stock valued at $1,303,000 after purchasing an additional 12,565 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of United Parks & Resorts by 27.3% in the 1st quarter. Royal Bank of Canada now owns 2,805 shares of the company’s stock valued at $92,000 after purchasing an additional 602 shares during the last quarter. Engine Capital Management LP lifted its stake in shares of United Parks & Resorts by 20.8% in the 1st quarter. Engine Capital Management LP now owns 1,034,414 shares of the company’s stock valued at $33,784,000 after purchasing an additional 178,017 shares during the last quarter. Finally, Hawk Ridge Capital Management LP bought a new stake in shares of United Parks & Resorts in the 1st quarter valued at approximately $51,094,000.

About United Parks & Resorts

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.