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

United Parks & Resorts Inc. (NYSE:PRKSGet Free Report)’s share price dropped 1.9% during trading on Wednesday . The company traded as low as $52.24 and last traded at $52.24. Approximately 49,195 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 835,312 shares. The stock had previously closed at $53.27.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. B. Riley boosted their price target on United Parks & Resorts from $75.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday. Mizuho boosted their price target 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. Truist Financial dropped their price target on United Parks & Resorts from $64.00 to $58.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Guggenheim assumed coverage on United Parks & Resorts in a research report on Thursday, April 4th. They set a “buy” rating and a $73.00 price target for the company. Finally, Citigroup boosted their price target on United Parks & Resorts from $57.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, United Parks & Resorts presently has an average rating of “Hold” and an average price target of $63.83.

Check Out Our Latest Report on United Parks & Resorts

United Parks & Resorts Stock Performance

The business has a 50 day simple moving average of $51.60. The company has a market capitalization of $3.31 billion, a P/E ratio of 14.24 and a beta of 2.02.

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

Insiders Place Their Bets

In other United Parks & Resorts news, insider Jayson Maxwell sold 500 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $53.92, for a total transaction of $26,960.00. Following the transaction, the insider now owns 1,267 shares of the company’s stock, valued at $68,316.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jayson Maxwell sold 500 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $53.92, for a total value of $26,960.00. Following the transaction, the insider now owns 1,267 shares of the company’s stock, valued at approximately $68,316.64. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christopher Dold sold 32,518 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were 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 approximately $1,713,292.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,018 shares of company stock valued at $1,756,808. Insiders own 1.10% of the company’s stock.

About United Parks & Resorts

(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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