Six Flags Entertainment Corporation (NYSE:FUN) Stock Has Average Target Price of $16.92

Six Flags Entertainment Corporation (NYSE:FUN) has received a consensus recommendation of “Hold” from the sixteen ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $15.85.

A number of research firms have weighed in on FUN. UBS Group decreased their target price on shares of Six Flags Entertainment from $27.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, October 16th. Mizuho set a $5.00 target price on shares of Six Flags Entertainment in a report on Wednesday, October 21st. Oppenheimer cut their target price on Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Citigroup reduced their target price on Six Flags Entertainment from $17.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, October 8th. Finally, Stifel Nicolaus set a $15.00 price objective on shares of Six Flags Entertainment in a research report on Thursday.

Key Stories Impacting Six Flags Entertainment

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

• Positive Sentiment: Longer-term indicators improved: the active pass base grew 7% year over year, and free cash flow for the first nine months improved by $300 million. Six Flags: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Barclays lowered its price target from $22 to $13 but maintained an “overweight” rating; the new target implies 29.6% upside from the cited $10.03 price, though the sizable reduction reflects a more cautious valuation. Barclays stock recommendations
• Negative Sentiment: Third-quarter EPS was a loss of $3.59, far below analysts’ expected $1.93 profit. Revenue of $1.17 billion slightly topped estimates but fell 11% year over year. The company also cut its profit outlook after October setbacks, including attendance pressure following a fatal Georgia coaster incident, and announced a ride-safety review. Six Flags narrows losses, but October’s double blow forces profit outlook cut
• Negative Sentiment: Two law firms announced investigations into potential securities claims related to Six Flags, adding legal and reputational uncertainty for investors. Six Flags investors notified of securities fraud investigation

Six Flags Entertainment Trading Up 8.5%

FUN stock opened at $10.03 on Friday. Six Flags Entertainment has a twelve month low of $6.60 and a twelve month high of $26.28. The firm’s fifty day simple moving average is $11.05 and its two-hundred day simple moving average is $16.73. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 43.34. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -1.10 and a beta of 0.50.

Six Flags Entertainment (NYSE:FUN) last released its earnings results on Thursday, November 5th. The company reported ($3.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($5.52). The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Six Flags Entertainment had a negative net margin of 57.25% and a positive return on equity of 7.43%. Six Flags Entertainment’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same quarter last year, the company posted ($2.20) earnings per share. As a group, analysts anticipate that Six Flags Entertainment will post -0.91 earnings per share for the current year.

Insider Activity

In other news, CEO John Reilly bought 15,713 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was bought at an average cost of $15.80 per share, for a total transaction of $248,265.40. Following the completion of the acquisition, the chief executive officer owned 297,736 shares in the company, valued at approximately $4,704,228.80. This trade represents a 5.57% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Six Flags Entertainment

A number of institutional investors have recently modified their holdings of FUN. Maryland State Retirement & Pension System boosted its position in shares of Six Flags Entertainment by 53.4% in the third quarter. Maryland State Retirement & Pension System now owns 22,804 shares of the company’s stock worth $244,000 after buying an additional 7,940 shares during the period. Jefferies Financial Group Inc. bought a new position in Six Flags Entertainment during the 3rd quarter worth approximately $4,884,000. Lido Advisors LLC bought a new position in shares of Six Flags Entertainment during the third quarter valued at $1,022,000. State of Wyoming boosted its position in shares of Six Flags Entertainment by 27.3% during the 3rd quarter. State of Wyoming now owns 33,581 shares of the company’s stock valued at $360,000 after acquiring an additional 7,194 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in Six Flags Entertainment by 138.9% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 48,500 shares of the company’s stock valued at $519,000 after acquiring an additional 28,200 shares during the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.

About Six Flags Entertainment

Six Flags Entertainment Corporation is a regional theme park operator headquartered in Charlotte, North Carolina. The company owns and operates amusement parks, water parks and resort properties, offering roller coasters, family rides, live entertainment, seasonal events, food and beverage, merchandise, and other guest experiences. Its portfolio includes parks operating under the Six Flags, Cedar Fair and affiliated brand names, including Six Flags Great Adventure, Cedar Point, Knott’s Berry Farm and Kings Island.

The company serves guests primarily in the United States, as well as in Canada and Mexico.