United Parks & Resorts (NYSE:PRKS) PT Raised to $57.00

United Parks & Resorts (NYSE:PRKS) had its price target upped by stock analysts at Citigroup from $54.00 to $57.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price objective suggests a potential upside of 0.39% from the stock’s previous close.

PRKS has been the topic of several other reports. 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 note on Thursday, February 29th. Mizuho started coverage on United Parks & Resorts in a research note on Tuesday, March 26th. They set an “underperform” rating and a $47.00 target price on the stock. Truist Financial lifted their target price on United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Finally, Guggenheim started coverage on United Parks & Resorts in a research note on Thursday, April 4th. They set a “buy” rating and a $73.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $60.40.

United Parks & Resorts Price Performance

United Parks & Resorts stock opened at $56.78 on Tuesday. United Parks & Resorts has a 1 year low of $40.87 and a 1 year high of $61.30. The company has a market capitalization of $3.65 billion, a PE ratio of 15.64 and a beta of 1.81.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 13.56% and a negative return on equity of 72.46%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 EPS. On average, sell-side analysts predict that United Parks & Resorts will post 4.6 EPS for the current fiscal year.

Insider Transactions at United Parks & Resorts

In related news, insider Byron Surrett sold 5,083 shares of the stock in a transaction 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 directly owns 15,306 shares of the company’s stock, valued at $772,953. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other United Parks & Resorts news, insider Byron Surrett sold 5,083 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $50.50, for a total value of $256,691.50. Following the transaction, the insider now directly owns 15,306 shares of the company’s stock, valued at $772,953. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kyle Robert Miller sold 1,000 shares of United Parks & Resorts stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $52.50, for a total value of $52,500.00. Following the transaction, the insider now directly owns 37,961 shares in the company, valued at $1,992,952.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,165 shares of company stock valued at $367,057. 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.