United Parks & Resorts (NYSE:PRKS) Shares Gap Up to $49.16

United Parks & Resorts Inc. (NYSE:PRKS)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $49.16, but opened at $52.88. United Parks & Resorts shares last traded at $50.30, with a volume of 566,936 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PRKS. JPMorgan Chase & Co. boosted their price target on United Parks & Resorts from $57.00 to $61.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. Mizuho initiated coverage on shares of United Parks & Resorts in a research note on Tuesday, March 26th. They issued an “underperform” rating and a $47.00 target price for the company. Truist Financial decreased their price target on shares of United Parks & Resorts from $64.00 to $58.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Citigroup lifted their price target on shares of United Parks & Resorts from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Finally, Guggenheim began coverage on shares of United Parks & Resorts in a research note on Thursday, April 4th. They set a “buy” rating and a $73.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $59.20.

United Parks & Resorts Stock Up 3.9 %

The firm has a market capitalization of $3.23 billion, a PE ratio of 13.54 and a beta of 1.83. The business has a 50 day moving average price of $53.02.

United Parks & Resorts (NYSE:PRKS) last released its earnings results on Wednesday, February 28th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.16). The company had revenue of $389.00 million during the quarter, compared to analysts’ expectations of $396.45 million. United Parks & Resorts had a net margin of 13.56% and a negative return on equity of 72.46%. United Parks & Resorts’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 earnings per share. As a group, equities analysts expect that United Parks & Resorts Inc. will post 4.59 EPS for the current fiscal year.

Insider Transactions at United Parks & Resorts

In related news, insider Byron Surrett sold 5,083 shares of United Parks & Resorts stock in a transaction 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 transaction, the insider now owns 15,306 shares in the company, valued at $772,953. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Byron Surrett sold 5,083 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $50.50, for a total value of $256,691.50. Following the transaction, the insider now owns 15,306 shares in the company, valued at $772,953. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kyle Robert Miller sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $53.87, for a total transaction of $53,870.00. Following the sale, the insider now owns 36,961 shares of the company’s stock, valued at $1,991,089.07. The disclosure for this sale can be found here. Insiders sold a total of 8,165 shares of company stock worth $420,927 in the last ninety days. 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.