United Parks & Resorts (NYSE:PRKS) Shares Gap Up to $53.32

United Parks & Resorts Inc. (NYSE:PRKSGet Free Report)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $53.32, but opened at $55.27. United Parks & Resorts shares last traded at $55.02, with a volume of 117,522 shares changing hands.

Wall Street Analysts Forecast Growth

PRKS has been the topic of several research reports. Truist Financial raised their price objective on United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. raised their price objective on United Parks & Resorts from $57.00 to $61.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. Finally, Mizuho assumed coverage on United Parks & Resorts in a research report on Tuesday. They issued an “underperform” rating and a $47.00 price objective on the stock.

Read Our Latest Research Report on PRKS

United Parks & Resorts Stock Up 5.4 %

The stock has a market capitalization of $3.61 billion, a PE ratio of 15.48 and a beta of 1.80.

United Parks & Resorts (NYSE:PRKSGet Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.16). The firm had revenue of $389.00 million during the quarter, compared to analyst estimates of $396.45 million. United Parks & Resorts had a negative return on equity of 72.46% and a net margin of 13.56%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the business posted $0.76 earnings per share. Analysts predict that United Parks & Resorts Inc. will post 4.6 EPS for the current fiscal year.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Byron Surrett sold 5,083 shares of United Parks & Resorts stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $50.50, for a total transaction of $256,691.50. Following the sale, the insider now owns 15,306 shares of the company’s stock, valued at $772,953. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Kyle Robert Miller sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $52.50, for a total transaction of $52,500.00. Following the sale, the insider now owns 37,961 shares of the company’s stock, valued at $1,992,952.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Byron Surrett sold 5,083 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $50.50, for a total value of $256,691.50. Following 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 sold a total of 7,165 shares of company stock worth $367,057 over the last ninety days. Company insiders own 1.10% of the company’s stock.

United Parks & Resorts Company Profile

(Get Free Report)

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.

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