Six Flags Entertainment (NYSE:FUN) Downgraded by Mizuho to Strong Sell

Mizuho downgraded shares of Six Flags Entertainment (NYSE:FUN) from a strong-buy rating to a strong sell rating in a research note published on Thursday,Zacks.com reports.

Several other brokerages also recently commented on FUN. UBS Group raised their target price on Six Flags Entertainment from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. The Goldman Sachs Group set a $15.00 price target on Six Flags Entertainment in a research report on Friday. Citigroup reissued a “neutral” rating on shares of Six Flags Entertainment in a report on Friday. JPMorgan Chase & Co. upgraded shares of Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 price objective for the company in a research report on Friday, May 8th. Finally, Oppenheimer reduced their price objective on shares of Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Six Flags Entertainment currently has a consensus rating of “Hold” and a consensus price target of $22.21.

Six Flags Entertainment Trading Up 4.0%

NYSE:FUN opened at $16.39 on Thursday. Six Flags Entertainment has a 1 year low of $12.51 and a 1 year high of $27.37. The stock’s fifty day moving average price is $20.23 and its two-hundred day moving average price is $18.85. The company has a debt-to-equity ratio of 43.47, a current ratio of 0.68 and a quick ratio of 0.62. The company has a market cap of $1.67 billion, a P/E ratio of -0.95 and a beta of 0.40.

Six Flags Entertainment (NYSE:FUN) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($2.65) earnings per share for the quarter, beating the consensus estimate of ($2.71) by $0.06. Six Flags Entertainment had a positive return on equity of 7.43% and a negative net margin of 57.25%.The company had revenue of $225.63 million during the quarter, compared to analysts’ expectations of $207.49 million. As a group, analysts expect that Six Flags Entertainment will post -0.11 EPS for the current year.

Insider Activity at Six Flags Entertainment

In other Six Flags Entertainment news, insider Richard M. Haddrill bought 10,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were acquired at an average cost of $19.08 per share, for a total transaction of $190,800.00. Following the purchase, the insider directly owned 230,117 shares of the company’s stock, valued at $4,390,632.36. The trade was a 4.54% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rehan Jaffer purchased 125,000 shares of the stock in a transaction on Monday, June 15th. The stock was acquired at an average cost of $23.41 per share, for a total transaction of $2,926,250.00. Following the acquisition, the director owned 4,900,000 shares in the company, valued at approximately $114,709,000. This represents a 2.62% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 265,000 shares of company stock valued at $6,173,850. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FUN. Russell Investments Group Ltd. raised its stake in Six Flags Entertainment by 26.1% in the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock valued at $86,000 after purchasing an additional 586 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Six Flags Entertainment by 259.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 722 shares in the last quarter. Invesco Ltd. grew its stake in Six Flags Entertainment by 2.5% in the 2nd quarter. Invesco Ltd. now owns 236,798 shares of the company’s stock worth $7,206,000 after buying an additional 5,775 shares in the last quarter. State Street Corp increased its holdings in shares of Six Flags Entertainment by 0.8% in the 2nd quarter. State Street Corp now owns 3,465,487 shares of the company’s stock worth $105,455,000 after buying an additional 27,848 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Six Flags Entertainment by 249.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 651,844 shares of the company’s stock worth $19,836,000 after buying an additional 465,572 shares during the last quarter. 64.65% of the stock is currently owned by institutional investors.

Six Flags Entertainment News Roundup

Here are the key news stories impacting Six Flags Entertainment this week:

• Positive Sentiment: Analyst maintains bullish outlook: Citizens JMP lowered its price target from $29 to $24 but retained a “market outperform” rating, implying substantial upside from recent levels. Benzinga report
• Positive Sentiment: Management outlines margin and deleveraging goals: Six Flags is targeting adjusted EBITDA margins in the mid-30% range over time while reducing leverage toward approximately 4x. Progress on these objectives could improve cash flow and balance-sheet concerns. Seeking Alpha report
• Positive Sentiment: Season-pass sales launched: The company began selling 2027 passes at its lowest advertised price for this season and next, offering unlimited visits, parking and other benefits. The promotion could support advance bookings, attendance visibility and recurring revenue. Season-pass sales announcement
• Neutral Sentiment: New 2027 attraction announced: Six Flags Great America plans to open Camp Timber Trail, a family-focused area with nine attractions, including a new suspended family coaster. The project may strengthen the park’s long-term appeal, although financial benefits are not immediate. Camp Timber Trail announcement
• Negative Sentiment: Second-quarter results missed expectations: Six Flags reported adjusted EPS of $0.14 versus the $0.37 consensus estimate, while revenue of $864.9 million fell short of the $928.4 million forecast. The earnings miss and negative net margin remain the primary pressure points for FUN. Second-quarter results

Six Flags Entertainment Company Profile

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.