Analysts Set Six Flags Entertainment Corporation (NYSE:FUN) Price Target at $27.50

Six Flags Entertainment Corporation (NYSE:FUN) has received an average rating of “Hold” from the fifteen ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $27.50.

A number of research analysts have weighed in on the stock. Mizuho cut their target price on shares of Six Flags Entertainment from $28.00 to $24.00 and set an “outperform” rating for the company in a research report on Wednesday, November 12th. Jefferies Financial Group decreased their target price on Six Flags Entertainment from $20.00 to $17.00 and set a “hold” rating for the company in a research note on Tuesday, January 13th. Truist Financial set a $23.00 target price on Six Flags Entertainment and gave the company a “buy” rating in a report on Tuesday, December 2nd. Citigroup cut their price target on Six Flags Entertainment from $33.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Finally, Barclays cut their price objective on shares of Six Flags Entertainment from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, November 10th.

Six Flags Entertainment Stock Up 1.1%

Shares of FUN stock opened at $18.22 on Thursday. The stock’s 50 day simple moving average is $15.61 and its 200 day simple moving average is $20.60. Six Flags Entertainment has a twelve month low of $12.51 and a twelve month high of $48.80. The company has a debt-to-equity ratio of 8.16, a quick ratio of 0.48 and a current ratio of 0.58. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of -1.03 and a beta of 0.38.

Six Flags Entertainment (NYSE:FUN) last announced its quarterly earnings results on Friday, November 7th. The company reported ($11.77) EPS for the quarter, missing the consensus estimate of $2.24 by ($14.01). Six Flags Entertainment had a negative net margin of 56.44% and a positive return on equity of 9.64%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business earned $4.21 EPS. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, research analysts predict that Six Flags Entertainment will post 0.83 EPS for the current year.

Institutional Trading of Six Flags Entertainment

A number of hedge funds have recently modified their holdings of the company. Maryland State Retirement & Pension System raised its stake in shares of Six Flags Entertainment by 1.5% in the second quarter. Maryland State Retirement & Pension System now owns 27,632 shares of the company’s stock valued at $841,000 after purchasing an additional 399 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Six Flags Entertainment by 4.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,801 shares of the company’s stock valued at $298,000 after buying an additional 413 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in shares of Six Flags Entertainment by 1.2% during the 2nd quarter. Yousif Capital Management LLC now owns 35,141 shares of the company’s stock worth $1,069,000 after acquiring an additional 433 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Six Flags Entertainment by 10.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,527 shares of the company’s stock worth $103,000 after acquiring an additional 442 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted 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 acquiring an additional 484 shares in the last quarter. Institutional investors own 64.65% of the company’s stock.

About Six Flags Entertainment

Six Flags Entertainment Corporation is a publicly traded regional theme park operator based in Arlington, Texas. The company develops, owns and operates amusement and water parks, offering a diverse portfolio of thrill rides, family attractions, live entertainment, food and beverage offerings, and retail merchandise. Its main revenue streams include single-day tickets, season passes, on-site accommodations, in-park retail sales, and food and beverage services.

Founded in 1961 by Angus G.