United Parks & Resorts (NYSE:PRKS) Rating Increased to Outperform at Mizuho

United Parks & Resorts (NYSE:PRKS) was upgraded by analysts at Mizuho from an “underperform” rating to an “outperform” rating in a report released on Friday,Benzinga reports. The brokerage currently has a $47.00 price target on the stock, up from their prior price target of $27.00. Mizuho’s price target points to a potential upside of 26.59% from the company’s current price.

Several other brokerages have also recently commented on PRKS. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parks & Resorts in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of United Parks & Resorts from $63.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Guggenheim reduced their price target on shares of United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Truist Financial increased their price target on shares of United Parks & Resorts from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, March 26th. Finally, Citigroup reduced their price target on shares of United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, United Parks & Resorts currently has an average rating of “Hold” and a consensus price target of $49.50.

United Parks & Resorts Price Performance

Shares of PRKS opened at $37.13 on Friday. United Parks & Resorts has a one year low of $28.77 and a one year high of $56.95. The company has a 50-day moving average of $33.96 and a two-hundred day moving average of $36.36. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 2.71 and a beta of 1.14.

United Parks & Resorts (NYSE:PRKS) last announced its earnings results on Thursday, February 26th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.18). United Parks & Resorts had a negative return on equity of 41.63% and a net margin of 10.13%.The firm had revenue of $373.55 million during the quarter, compared to analyst estimates of $375.87 million. During the same quarter in the previous year, the business earned $0.50 earnings per share. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. Analysts anticipate that United Parks & Resorts will post 3.54 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Nomura Holdings Inc. increased its stake in shares of United Parks & Resorts by 742.3% during the 3rd quarter. Nomura Holdings Inc. now owns 4,476,357 shares of the company’s stock worth $231,428,000 after purchasing an additional 3,944,894 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of United Parks & Resorts by 9.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,994,579 shares of the company’s stock worth $154,820,000 after purchasing an additional 256,367 shares during the last quarter. Goldentree Asset Management LP increased its stake in shares of United Parks & Resorts by 83.5% during the 4th quarter. Goldentree Asset Management LP now owns 2,438,437 shares of the company’s stock worth $88,366,000 after purchasing an additional 1,109,930 shares during the last quarter. River Road Asset Management LLC increased its stake in shares of United Parks & Resorts by 3.8% during the 4th quarter. River Road Asset Management LLC now owns 2,056,349 shares of the company’s stock worth $74,645,000 after purchasing an additional 74,392 shares during the last quarter. Finally, Voss Capital LP increased its stake in shares of United Parks & Resorts by 4.3% during the 3rd quarter. Voss Capital LP now owns 2,050,000 shares of the company’s stock worth $105,985,000 after purchasing an additional 85,000 shares during the last quarter.

About United Parks & Resorts

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.