Stifel Nicolaus Lowers Six Flags Entertainment (NYSE:FUN) Price Target to $29.00

Six Flags Entertainment (NYSE:FUN) had its target price decreased by research analysts at Stifel Nicolaus from $36.00 to $29.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 71.08% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. Jefferies Financial Group lowered shares of Six Flags Entertainment from a “buy” rating to a “hold” rating and cut their price objective for the company from $41.00 to $25.00 in a research report on Thursday, August 7th. Truist Financial lowered Six Flags Entertainment from a “buy” rating to a “hold” rating and set a $27.00 price objective on the stock. in a research report on Wednesday, September 3rd. The Goldman Sachs Group cut their price objective on shares of Six Flags Entertainment from $30.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, August 7th. Capital One Financial set a $28.00 price objective on shares of Six Flags Entertainment in a report on Tuesday, October 7th. Finally, Oppenheimer reduced their price target on shares of Six Flags Entertainment from $60.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $31.43.

Six Flags Entertainment Stock Down 6.0%

FUN traded down $1.08 during trading hours on Monday, hitting $16.95. 1,241,458 shares of the company’s stock were exchanged, compared to its average volume of 2,782,469. The firm has a market cap of $1.72 billion, a P/E ratio of -3.50 and a beta of 0.69. The firm has a 50 day moving average of $22.62 and a 200 day moving average of $28.16. Six Flags Entertainment has a 12-month low of $16.64 and a 12-month high of $49.77. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 2.97.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings data on Friday, November 7th. The company reported ($11.77) earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by ($14.01). Six Flags Entertainment had a negative net margin of 14.92% and a negative return on equity of 1.00%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the firm posted $4.21 EPS. Six Flags Entertainment’s quarterly revenue was down 2.3% compared to the same quarter last year. Analysts predict that Six Flags Entertainment will post 0.83 EPS for the current fiscal year.

Institutional Trading of Six Flags Entertainment

Several large investors have recently made changes to their positions in the business. Veracity Capital LLC boosted its stake in Six Flags Entertainment by 20.0% in the second quarter. Veracity Capital LLC now owns 25,282 shares of the company’s stock valued at $769,000 after acquiring an additional 4,214 shares during the last quarter. Balefire LLC boosted its position in Six Flags Entertainment by 73.7% during the second quarter. Balefire LLC now owns 91,556 shares of the company’s stock valued at $2,786,000 after purchasing an additional 38,832 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Six Flags Entertainment by 5.7% during the second 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. Contravisory Investment Management Inc. increased its position in Six Flags Entertainment by 42.5% during the second quarter. Contravisory Investment Management Inc. now owns 5,760 shares of the company’s stock worth $175,000 after buying an additional 1,717 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its holdings in Six Flags Entertainment by 0.9% during the 2nd quarter. Wedge Capital Management L L P NC now owns 39,370 shares of the company’s stock valued at $1,198,000 after purchasing an additional 335 shares during the last quarter. Institutional investors own 64.65% of the company’s stock.

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.