External reports (aggregated public sources), Value Investors Club

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Equity Bottom-Up

United Parks and Resorts / Equity Bottom-Up

Key points<ul><li>United Parks &amp; Resorts (PRKS) is proposing a $500 million share repurchase authorization to decrease share count and float significantly at current prices.</li><li>The buyback, if approved, could be completed by the end of 2024 and potentially drive double-digit EBITDA growth, leading to an 80% increase in stock price to $100.</li><li>With a leverage of 2.5x EBITDA, the company may also be a candidate for sale or privatization, with Hill Path ownership increasing to 49% and potential for significant premium buyouts.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key pointsUnited Parks &amp; Resorts (PRKS) is proposing a $500 million share repurchase authorization to decrease share count and float significantly at current prices.The buyback, if approved, could be completed by the end of 2024 and potentially drive double-digit EBITDA growth, leading to an 80% increase in stock price to $100.With a leverage of 2.5x EBITDA, the company may also be a candidate for sale or privatization, with Hill Path ownership increasing to 49% and potential for significant premium buyouts.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

United Parks & Resorts Inc (PRKS) - Thursday, Mar 21, 2024

United States

The Wendy's Company operates fast-food restaurants. The Company owns, operates, and franchises fast-food restaurants located throughout countries that include the United States, Singapore, the Middle East and North Africa, the Russian Federation, the Eastern Caribbean, Argentina, the Philippines and Japan.

Marriott Vacations Worldwide Corporation is a worldwide developer, marketer, seller and manager of vacation ownership resorts and vacation club, destination club and exchange programs, principally under the "Marriott" and "Ritz-Carlton" brands and trademarks, which we license from Marriott International and Ritz-Carlton.

Travel + Leisure Co. operates as a hospitality company. The Company focuses on providing vacation ownership, managed rental, and exchange services, as well as owns vacation resorts and exchange properties. Travel + Leisure serves customers worldwide.

Penn National Gaming, Inc. owns and operates Charles Town Races in West Virginia which features slot machines, casinos in Mississippi, and a riverboat gaming facility in Louisiana.  The Company also owns racetracks and off-track wagering facilities in Pennsylvania, as well as manages a gaming facility in the Province of Ontario, Canada.

Brinker International, Inc. is a restaurant operator who owns, operates or franchises establishments in the United States and internationally.  These restaurants offer customers burgers, ribs, salads, steaks, classic Italian fare, and Tex-Mex offerings.

Six Flags Entertainment Corporation operates regional theme parks across North America.  The Company has parks comprised of theme, water and zoological parks. The parks offer rides, water attractions, themed areas, concerts, shows, restaurants, game venues and retail outlets.

Shake Shack Inc is a modern day "roadside" burger stand known for its all-natural burgers. Shake Shack is part of Danny Meyer's Union Square Hospitality Group (USHG).

International Game Technology PLC designs, develops, manufactures and distributes computerized gaming equipment, software and network systems. The Company's products consist of slot machines, social gaming platforms and other interactive gaming machines. International Games also provides maintenance services.

International Game Technology Ordinary Shares (IGT US)

International Game Technology Ordinary Shares

Hilton Grand Vacations Inc. develops, markets, sells, and manager timeshare resorts. The Company markets and sells vacation ownership intervals, manages resorts located in leisure and urban destinations, and operates a points-based vacation club. Hilton Grand Vacations offers its services in North America, Europe and the Asia Pacific.

Red Rock Resorts, Inc. operates as a gaming, development, and management company. The Company owns and manages casino and entertainment properties. Red Rock Resorts offers restaurants, entertainment venues, movie theaters, bowling, and banquet space, as well as casino gaming such as video poker, slot machines, table games, bingo, and race and sports wagering.

Wynn Macau, Limited owns and operates Wynn Macau, a destination casino resort currently featuring hotel rooms and suites, a casino, casual and fine dining restaurants, retail space and leisure amenities.

Skylark Co. Ltd. mainly operates a family restaurant chain across Japan.  The Company offers Japanese-style, Western-style, and Asia-style foods for a wide variety of targeted customer segments.  Skylark also sells food and provides delivery servies.

Melco Resorts & Entertainment Limited develops, owns, and operates casinos. The Company offers casino gaming, restaurants, bars, and resorts facilities. Melco Resorts & Entertainment serves customers in Asia.

Jubilant Foodworks Ltd. owns and operates fast food chains. The Company offers donuts, baked goods, coffee, bagels, muffin, fruit milkshakes, smoothies, tea, sandwiches, pizza, and beverages. Jubilant Foodworks serves its products to customers throughout India.

Jollibee Foods Corporation owns, franchises and manages a network of fast food restaurants under the trade name Jollibee. The Company was incorporated in 1978.

Minor International PCL is a global company focused on three primary businesses including restaurants, hotels and lifestyle brands distribution.

Genting Malaysia Berhad operates a tourist resort in Genting Highlands which includes hotels, restaurants, casinos, and recreational and amusement facilities. Through its subsidiaries, the Company also develops and leases property, operates leisure and hospitality services, and provides time share ownership scheme.

Mandarin Oriental International Limited is an owner and operator of luxury hotels, resorts, and residences. The Group now operates, or has under development, hotels in the Americas, Europe, Middle East, and North Africa. Mandarin Oriental International also operates, or has under development, residences at Mandarin Oriental.

Mandarin Oriental International (MAND SP)

EIH Limited owns and operates luxury hotels and resorts in India under the name "Oberoi."  The Company also manages a mid-price hotel chain in India, in addition to hotels in Egypt, Australia, Sri Lanka, Indonesia and Saudi Arabia.

Flight Centre Travel Group Ltd operates as a retail travel agency in Australia.  The Company operates close to 1200 outlets throughout Australia and internationally including New Zealand, Hong Kong, South Africa, Canada and the United Kingdom. The Company's agencies and brands include Flight Centre, Travel Associates and Student Flights.

United Parks and Resorts Inc. is a theme park and entertainment company. The Company owns and licenses a portfolio of theme and water parks with a diverse array of thrill and family-friendly rides and coasters, as well as educational presentations, shows, and other attractions. United Parks and Resorts serves customers worldwide.

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United Parks and Resorts (PRKS US)

United Parks & Resorts Inc (PRKS) - Thursday, Mar 21, 2024

United Parks & Resorts (PRKS) is proposing a $500 million share repurchase authorization to decrease share count and float significantly at current...

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