United Parks & Resorts (NYSE:PRKS) Earns Underperform Rating from Mizuho

United Parks & Resorts (NYSE:PRKS)‘s stock had its “underperform” rating restated by stock analysts at Mizuho in a report issued on Friday,Benzinga reports. They presently have a $43.00 target price on the stock, down from their previous target price of $45.00. Mizuho’s price target indicates a potential downside of 24.26% from the stock’s current price.

Several other equities analysts have also commented on PRKS. Deutsche Bank Aktiengesellschaft dropped their price target on shares of United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Macquarie dropped their target price on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. The Goldman Sachs Group lowered shares of United Parks & Resorts from a “buy” rating to a “neutral” rating and cut their price target for the stock from $63.00 to $53.00 in a research note on Thursday, August 8th. Truist Financial upped their price objective on shares of United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Friday. Finally, Stifel Nicolaus reduced their target price on United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.90.

United Parks & Resorts Trading Up 3.2 %

Shares of PRKS opened at $56.77 on Friday. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 14.23 and a beta of 2.00. The firm’s fifty day simple moving average is $51.78 and its 200-day simple moving average is $51.72. United Parks & Resorts has a twelve month low of $44.72 and a twelve month high of $60.36.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.15). The business had revenue of $545.90 million for the quarter, compared to analysts’ expectations of $550.47 million. United Parks & Resorts had a negative return on equity of 92.07% and a net margin of 14.06%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the firm earned $1.92 earnings per share. On average, analysts predict that United Parks & Resorts will post 4.23 earnings per share for the current fiscal year.

Insider Transactions at United Parks & Resorts

In other United Parks & Resorts news, insider Jayson Maxwell sold 545 shares of United Parks & Resorts stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $49.44, for a total value of $26,944.80. Following the sale, the insider now owns 722 shares of the company’s stock, valued at approximately $35,695.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other United Parks & Resorts news, Director Yoshikazu Maruyama sold 12,984 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.07, for a total value of $650,108.88. Following the completion of the transaction, the director now directly owns 41,766 shares in the company, valued at approximately $2,091,223.62. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jayson Maxwell sold 545 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total transaction of $26,944.80. Following the sale, the insider now directly owns 722 shares of the company’s stock, valued at $35,695.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,366 shares of company stock worth $1,938,984 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of United Parks & Resorts

Several large investors have recently bought and sold shares of PRKS. River Road Asset Management LLC acquired a new position in shares of United Parks & Resorts in the 3rd quarter valued at about $66,841,000. Pinnacle Associates Ltd. bought a new position in shares of United Parks & Resorts during the third quarter worth about $37,679,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of United Parks & Resorts during the third quarter worth approximately $27,850,000. Perpetual Ltd acquired a new stake in United Parks & Resorts in the third quarter worth about $16,862,000. Finally, Raymond James & Associates bought a new position in shares of United Parks & Resorts in the third quarter valued at approximately $4,487,000.

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.