Six Flags Entertainment Corporation (NYSE:FUN) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Brokerages have assigned Six Flags Entertainment Corporation an average recommendation of "Moderate Buy", with nine out of fourteen analysts issuing a buy rating.
• The 1-year price target for Six Flags stock among analysts is $34.21, reflecting recent downward adjustments from several firms.
• Shares of Six Flags opened at $21.77, with a market cap of $2.20 billion and financial metrics showing a PE ratio of -4.49 and a debt-to-equity ratio of 2.97.

Shares of Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the fourteen analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $34.2143.

Several equities analysts recently issued reports on FUN shares. Mizuho dropped their target price on shares of Six Flags Entertainment from $36.00 to $30.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. Oppenheimer dropped their target price on shares of Six Flags Entertainment from $60.00 to $40.00 and set an "outperform" rating on the stock in a report on Thursday, September 4th. Morgan Stanley dropped their target price on shares of Six Flags Entertainment from $47.00 to $43.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. UBS Group dropped their target price on shares of Six Flags Entertainment from $40.00 to $34.00 and set a "buy" rating on the stock in a report on Tuesday, August 19th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Six Flags Entertainment in a report on Wednesday, October 8th.

Hedge Funds Weigh In On Six Flags Entertainment

Several institutional investors have recently made changes to their positions in the stock. Darlington Partners Capital Management LP raised its holdings in shares of Six Flags Entertainment by 20.2% during the second quarter. Darlington Partners Capital Management LP now owns 8,700,000 shares of the company's stock valued at $264,741,000 after purchasing an additional 1,460,000 shares during the period. Dendur Capital LP raised its holdings in shares of Six Flags Entertainment by 41.1% during the second quarter. Dendur Capital LP now owns 4,433,500 shares of the company's stock valued at $134,911,000 after purchasing an additional 1,292,500 shares during the period. Rush Island Management LP acquired a new position in shares of Six Flags Entertainment during the second quarter valued at about $115,454,000. State Street Corp raised its holdings in shares of Six Flags Entertainment by 0.8% during the second quarter. State Street Corp now owns 3,465,487 shares of the company's stock valued at $105,455,000 after purchasing an additional 27,848 shares during the period. Finally, Long Pond Capital LP raised its holdings in shares of Six Flags Entertainment by 55.2% during the second quarter. Long Pond Capital LP now owns 3,296,660 shares of the company's stock valued at $100,317,000 after purchasing an additional 1,172,101 shares during the period. Institutional investors and hedge funds own 64.65% of the company's stock.

Six Flags Entertainment Price Performance

Shares of NYSE:FUN opened at $21.77 on Tuesday. The firm has a market cap of $2.20 billion, a PE ratio of -4.49 and a beta of 0.71. The firm's fifty day moving average is $23.21 and its 200-day moving average is $29.08. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.42 and a current ratio of 0.52. Six Flags Entertainment has a 52 week low of $20.00 and a 52 week high of $49.77.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.53). The business had revenue of $930.39 million for the quarter, compared to analyst estimates of $999.82 million. Six Flags Entertainment had a negative return on equity of 1.00% and a negative net margin of 14.92%.The company's revenue was up 62.8% compared to the same quarter last year. Sell-side analysts predict that Six Flags Entertainment will post 0.83 earnings per share for the current 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.

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