Stifel Nicolaus Issues Pessimistic Forecast for Six Flags Entertainment (NYSE:FUN) Stock Price

Six Flags Entertainment (NYSE:FUN) had its price objective dropped by Stifel Nicolaus from $50.00 to $43.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 42.57% from the stock’s current price.

A number of other equities research analysts have also issued reports on FUN. JPMorgan Chase & Co. dropped their price target on Six Flags Entertainment from $46.00 to $28.00 and set an “underweight” rating for the company in a research report on Thursday, April 17th. The Goldman Sachs Group dropped their price target on Six Flags Entertainment from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, May 9th. Mizuho dropped their price target on Six Flags Entertainment from $43.00 to $36.00 and set an “outperform” rating for the company in a research report on Friday. Barclays dropped their price target on Six Flags Entertainment from $43.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, July 11th. Finally, Wall Street Zen lowered Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, June 21st. Two equities research 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.67.

Six Flags Entertainment Price Performance

FUN stock traded up $0.72 during trading on Friday, hitting $30.16. The stock had a trading volume of 492,664 shares, compared to its average volume of 1,726,334. 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 has a twelve month low of $27.07 and a twelve month high of $52.00. The stock has a market capitalization of $3.05 billion, a P/E ratio of -10.89 and a beta of 0.76. The company’s 50-day moving average price is $32.50 and its two-hundred day moving average price is $37.37.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($2.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.29) by $0.09. Six Flags Entertainment had a positive return on equity of 0.66% and a negative net margin of 11.30%. The company had revenue of $202.06 million for the quarter, compared to analysts’ expectations of $235.51 million. Six Flags Entertainment’s revenue was up 98.9% on a year-over-year basis. As a group, research analysts predict that Six Flags Entertainment will post 0.83 EPS for the current fiscal year.

Insider Buying and Selling at Six Flags Entertainment

In other news, Director Michelle M. Frymire sold 5,929 shares of the company’s stock in a transaction on 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 of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Six Flags Entertainment

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in Six Flags Entertainment by 96.5% in the second quarter. GAMMA Investing LLC now owns 1,800 shares of the company’s stock valued at $55,000 after buying an additional 884 shares during the last quarter. ORG Wealth Partners LLC increased its holdings in Six Flags Entertainment by 45.8% in the second quarter. ORG Wealth Partners LLC now owns 3,188 shares of the company’s stock valued at $102,000 after buying an additional 1,002 shares during the last quarter. Contravisory Investment Management Inc. increased its holdings in Six Flags Entertainment by 42.5% in the second quarter. Contravisory Investment Management Inc. now owns 5,760 shares of the company’s stock valued at $175,000 after buying an additional 1,717 shares during the last quarter. Castleview Partners LLC purchased a new position in Six Flags Entertainment in the second quarter valued at $239,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Six Flags Entertainment by 5.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,923 shares of the company’s stock valued at $287,000 after buying an additional 484 shares during the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.

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.