Truist Slashes PT on United Parks & Resorts (PRKS) to $47 From $61, Keeps a Buy Rating

United Parks & Resorts Inc. (NYSE:PRKS) is one of the best cheap small cap stocks to invest in now. Truist slashed the price target on United Parks & Resorts Inc. (NYSE:PRKS) to $47 from $61 on December 4, but maintained a Buy rating on the shares. The rating update came as part of a broader research note on Lodging names, with the firm telling investors that it is updating its price targets and models in the industry to take into account the Q3 results.

United Parks & Resorts Inc. (NYSE:PRKS) released its fiscal Q3 2025 results on November 6, reporting that attendance was 6.8 million guests, a drop of around 240 thousand guests or 3.4% compared to the prior year period. Total revenue for the quarter also dropped $34.1 million or 6.2% to $511.9 million.

Attendance for the first nine months of 2025 was 16.4 million guests, also reflecting a decrease of around 252 thousand guests or 1.5% compared to the first nine months of 2024. Total revenue dropped $51.9 million or 3.9% to $1.289 billion compared to the prior year period.

Management reported that results in the quarter were negatively affected by poor weather during the peak holiday season, an unfavorable calendar shift, less-than-optimal execution, and a drop in international visitation. It added that while the consumer environment in the US appears inconsistent, as reflected in several other leisure and hospitality businesses as well, the company is expecting to do better.

United Parks & Resorts Inc. (NYSE:PRKS) owns and operates theme parks. The company’s portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue.

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Disclosure: None. This article is originally published at Insider Monkey.