Six Flags Entertainment Corporation (NYSE:FUN) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Six Flags Entertainment Corporation has received an average rating of "Moderate Buy" from fifteen ratings firms, with thirteen analysts issuing buy ratings.
• The company's stock price target has been adjusted, with recent reports lowering estimates between $36.00 and $45.00.
• Six Flags' recent earnings report showed a significant loss per share (EPS) of ($0.99), missing analyst expectations and contributing to a negative net margin of 11.30% despite a 62.8% increase in revenue year-over-year.

Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) has been assigned an average rating of "Moderate Buy" from the fifteen ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $45.40.

Several equities analysts have commented on the company. Mizuho lowered their price objective on Six Flags Entertainment from $43.00 to $36.00 and set an "outperform" rating for the company in a research report on Friday, July 18th. Wall Street Zen cut shares of Six Flags Entertainment from a "hold" rating to a "sell" rating in a research report on Saturday, June 21st. Truist Financial dropped their price objective on shares of Six Flags Entertainment from $52.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Jefferies Financial Group dropped their price target on Six Flags Entertainment from $58.00 to $42.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Citigroup cut their price target on Six Flags Entertainment from $42.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday, July 10th.

Six Flags Entertainment Price Performance

FUN opened at $24.35 on Thursday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.28 and a current ratio of 0.37. The stock has a market capitalization of $2.46 billion, a PE ratio of -8.76 and a beta of 0.82. The stock's 50 day moving average price is $30.98 and its 200-day moving average price is $35.80. Six Flags Entertainment has a 52-week low of $21.44 and a 52-week high of $49.77.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.99) EPS for the quarter, missing the consensus estimate of $1.02 by ($2.01). Six Flags Entertainment had a positive return on equity of 0.66% and a negative net margin of 11.30%. The company had revenue of $930.39 million during the quarter, compared to analysts' expectations of $999.82 million. The business's revenue was up 62.8% compared to the same quarter last year. On average, equities research analysts predict that Six Flags Entertainment will post 0.83 EPS for the current year.

Insiders Place Their Bets

In other Six Flags Entertainment news, Director Michelle M. Frymire sold 5,929 shares of Six Flags Entertainment stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $37.89, for a total value of $224,649.81. Following the completion of the sale, the director owned 7,162 shares of the company's stock, valued at approximately $271,368.18. The trade was a 45.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Six Flags Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of FUN. Peregrine Capital Management LLC increased its position in Six Flags Entertainment by 7.5% during the first quarter. Peregrine Capital Management LLC now owns 131,499 shares of the company's stock valued at $4,691,000 after acquiring an additional 9,231 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Six Flags Entertainment by 5.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,923 shares of the company's stock valued at $287,000 after purchasing an additional 484 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in shares of Six Flags Entertainment by 14.0% in the 2nd quarter. DAVENPORT & Co LLC now owns 664,853 shares of the company's stock worth $20,231,000 after purchasing an additional 81,418 shares during the period. Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Six Flags Entertainment by 16.1% in the second quarter. Knights of Columbus Asset Advisors LLC now owns 60,769 shares of the company's stock worth $1,849,000 after buying an additional 8,443 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Six Flags Entertainment by 8.2% in the second quarter. State of Alaska Department of Revenue now owns 55,925 shares of the company's stock worth $1,701,000 after buying an additional 4,251 shares during the last quarter. 64.65% of the stock is owned by institutional investors.

About Six Flags Entertainment

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.

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