03:00 PM EDT, 05/12/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
We lower our 12-month target by $3 to $52, based on an EV/EBITDA multiple of 8x, in line with its three-year average forward multiple. We lift our 2025 EPS estimate to $4.64 from $4.48 and raise 2026's to $5.12 from $4.53. We expect PRKS to deliver higher attendance growth due to new attractions and lower pricing, although we also note that PRKS is beginning to lap easier comps due to adverse weather conditions in 2024. Lower admissions per capita remain a headwind due to heightened competition in key regional markets, partly offsetting sequential improvements in attendance growth. The company has demonstrated cost discipline around park operating expenses. This gives us confidence it can offset cost inflation (e.g., labor and cost of merchandise) with park operating efficiencies and maintain stable adjusted EBITDA margins of roughly 40% in 2025 and 2026. However, we remain at Hold as we think leisure facility peers offer more attractive earnings potential.