Analysts Set Six Flags Entertainment Corporation (NYSE:FUN) PT at $49.20

Shares of Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) have earned an average recommendation of "Moderate Buy" from the fifteen brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $49.20.

A number of analysts recently weighed in on FUN shares. Truist Financial reduced their target price on shares of Six Flags Entertainment from $52.00 to $45.00 and set a "buy" rating for the company in a report on Monday, April 14th. Stifel Nicolaus raised their target price on shares of Six Flags Entertainment from $48.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. The Goldman Sachs Group reduced their target price on shares of Six Flags Entertainment from $45.00 to $39.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Guggenheim reduced their target price on shares of Six Flags Entertainment from $55.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Finally, Jefferies Financial Group reduced their price target on shares of Six Flags Entertainment from $58.00 to $42.00 and set a "buy" rating for the company in a research report on Thursday, April 10th.

Insiders Place Their Bets

In other Six Flags Entertainment news, Director Michelle M. Frymire sold 5,929 shares of the 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 now owns 7,162 shares in the company, valued at $271,368.18. This represents a 45.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Six Flags Entertainment

An institutional investor recently raised its position in Six Flags Entertainment stock. Peregrine Capital Management LLC boosted its stake in Six Flags Entertainment Corporation (NYSE:FUN - Free Report) by 7.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 131,499 shares of the company's stock after buying an additional 9,231 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.13% of Six Flags Entertainment worth $4,691,000 at the end of the most recent quarter. 64.65% of the stock is owned by hedge funds and other institutional investors.

Six Flags Entertainment Price Performance

Shares of Six Flags Entertainment stock traded up $0.06 on Wednesday, hitting $30.40. The company had a trading volume of 1,619,835 shares, compared to its average volume of 1,749,924. The company has a market cap of $3.07 billion, a PE ratio of -10.93 and a beta of 0.79. Six Flags Entertainment has a 52 week low of $28.02 and a 52 week high of $58.70. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.37 and a quick ratio of 0.28. The business has a 50-day simple moving average of $33.99 and a 200-day simple moving average of $39.55.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($2.20) earnings per share for the quarter, topping analysts' consensus estimates of ($2.29) by $0.09. The firm had revenue of $202.06 million during the quarter, compared to analysts' expectations of $235.51 million. Six Flags Entertainment had a negative net margin of 11.30% and a positive return on equity of 0.66%. The firm's revenue was up 98.9% compared to the same quarter last year. Research analysts expect that Six Flags Entertainment will post 0.83 EPS for the current fiscal year.

Six Flags Entertainment Company Profile

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.