Six Flags Entertainment (NYSE:FUN) Price Target Lowered to $36.00 at Mizuho

Six Flags Entertainment (NYSE:FUN - Get Free Report) had its target price dropped by analysts at Mizuho from $43.00 to $36.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Mizuho's target price points to a potential upside of 22.50% from the company's current price.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley dropped their target price on shares of Six Flags Entertainment from $58.00 to $47.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. The Goldman Sachs Group decreased their target price on shares of Six Flags Entertainment from $45.00 to $39.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. UBS Group cut their price target on shares of Six Flags Entertainment from $49.00 to $40.00 and set a "buy" rating on the stock in a research report on Tuesday. Stifel Nicolaus lifted their target price on shares of Six Flags Entertainment from $48.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. cut their price target on shares of Six Flags Entertainment from $46.00 to $28.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Six Flags Entertainment currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.13.

Six Flags Entertainment Stock Performance

Shares of NYSE FUN opened at $29.39 on Friday. The firm has a market cap of $2.97 billion, a P/E ratio of -10.57 and a beta of 0.76. 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 fifty day moving average price of $32.50 and a two-hundred day moving average price of $37.37. Six Flags Entertainment has a 1 year low of $27.07 and a 1 year high of $52.00.

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

Insider Buying and Selling

In related news, Director Michelle M. Frymire sold 5,929 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $37.89, for a total transaction of $224,649.81. Following the sale, the director owned 7,162 shares in the company, valued at approximately $271,368.18. This represents a 45.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Peregrine Capital Management LLC grew its holdings in shares of Six Flags Entertainment by 7.5% in 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 in the last quarter. Balefire LLC lifted its holdings in Six Flags Entertainment by 73.7% in the second quarter. Balefire LLC now owns 91,556 shares of the company's stock worth $2,786,000 after buying an additional 38,832 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Six Flags Entertainment by 8.2% during the second quarter. State of Alaska Department of Revenue now owns 55,925 shares of the company's stock valued at $1,701,000 after purchasing an additional 4,251 shares during the last quarter. Wedge Capital Management L L P NC grew its position in Six Flags Entertainment by 0.9% in the 2nd quarter. Wedge Capital Management L L P NC now owns 39,370 shares of the company's stock worth $1,198,000 after purchasing an additional 335 shares during the period. Finally, Veracity Capital LLC lifted its stake in shares of Six Flags Entertainment by 20.0% during the 2nd quarter. Veracity Capital LLC now owns 25,282 shares of the company's stock valued at $769,000 after buying an additional 4,214 shares in the last quarter. 64.65% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.