Stifel Nicolaus Lowers Six Flags Entertainment (NYSE:FUN) Price Target to $43.00

Six Flags Entertainment (NYSE:FUN - Get Free Report) had its price target cut by analysts at Stifel Nicolaus from $50.00 to $43.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' target price suggests a potential upside of 42.57% from the company's previous close.

A number of other analysts have also issued reports on the company. Morgan Stanley lowered their price target on Six Flags Entertainment from $58.00 to $47.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. JPMorgan Chase & Co. lowered their price target on Six Flags Entertainment from $46.00 to $28.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. UBS Group reduced their price objective on shares of Six Flags Entertainment from $49.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday. Mizuho reduced their price objective on shares of Six Flags Entertainment from $43.00 to $36.00 and set an "outperform" rating for the company in a research note on Friday. Finally, Jefferies Financial Group reduced their price objective on shares of Six Flags Entertainment from $58.00 to $42.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Two analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Six Flags Entertainment presently has an average rating of "Moderate Buy" and a consensus price target of $45.67.

Six Flags Entertainment Trading Up 2.4%

Shares of NYSE:FUN traded up $0.72 during trading hours on Friday, hitting $30.16. 492,664 shares of the company's stock traded hands, compared to its average volume of 1,726,334. Six Flags Entertainment has a 1 year low of $27.07 and a 1 year high of $52.00. The business has a fifty day moving average price of $32.50 and a 200-day moving average price of $37.37. The firm has a market capitalization of $3.05 billion, a P/E ratio of -10.89 and a beta of 0.76. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.37 and a quick ratio of 0.28.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($2.20) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($2.29) by $0.09. The firm had revenue of $202.06 million during the quarter, compared to analyst estimates 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 company's revenue was up 98.9% compared to the same quarter last year. Equities analysts expect that Six Flags Entertainment will post 0.83 earnings per share for the current year.

Insiders Place Their Bets

In other Six Flags Entertainment news, Director Michelle M. Frymire sold 5,929 shares of the 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 directly owned 7,162 shares of the company's stock, valued at approximately $271,368.18. This trade represents a 45.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Six Flags Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in shares of Six Flags Entertainment by 96.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,800 shares of the company's stock worth $55,000 after acquiring an additional 884 shares in the last quarter. ORG Wealth Partners LLC boosted its stake in shares of Six Flags Entertainment by 45.8% during the 2nd quarter. ORG Wealth Partners LLC now owns 3,188 shares of the company's stock worth $102,000 after acquiring an additional 1,002 shares in the last quarter. Contravisory Investment Management Inc. boosted its stake in shares of Six Flags Entertainment by 42.5% during the 2nd quarter. Contravisory Investment Management Inc. now owns 5,760 shares of the company's stock worth $175,000 after acquiring an additional 1,717 shares in the last quarter. Castleview Partners LLC purchased a new stake in shares of Six Flags Entertainment during the 2nd quarter worth about $239,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake 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 worth $287,000 after acquiring an additional 484 shares in the last quarter. 64.65% of the stock is owned by institutional investors and hedge funds.

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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