Six Flags Entertainment Corporation (FUN) – What Are Brokerages Saying About This Stock?

Shares of Six Flags Entertainment Corporation (NYSE:FUN) have received an average rating of “Hold” from the sixteen research firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $20.54.

Several equities research analysts have recently issued reports on FUN shares. Guggenheim decreased their target price on Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Oppenheimer cut their price target on shares of Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Six Flags Entertainment in a report on Wednesday, August 12th. JPMorgan Chase & Co. reduced their price target on shares of Six Flags Entertainment from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. Finally, Citizens Jmp decreased their price objective on shares of Six Flags Entertainment from $29.00 to $24.00 and set a “market outperform” rating for the company in a report on Friday, August 7th.

Six Flags Entertainment Stock Performance

Shares of FUN opened at $11.37 on Tuesday. The stock has a 50 day moving average of $14.38 and a 200 day moving average of $17.89. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -0.66 and a beta of 0.45. Six Flags Entertainment has a 12 month low of $10.45 and a 12 month high of $27.37. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 43.34.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.15). The business had revenue of $864.92 million during the quarter, compared to analysts’ expectations of $928.36 million. Six Flags Entertainment had a positive return on equity of 7.43% and a negative net margin of 57.25%. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 EPS. As a group, sell-side analysts forecast that Six Flags Entertainment will post -0.91 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO John Reilly bought 15,713 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were purchased at an average cost of $15.80 per share, for a total transaction of $248,265.40. Following the completion of the purchase, the chief executive officer directly owned 297,736 shares in the company, valued at $4,704,228.80. The trade was a 5.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Six Flags Entertainment

Several large investors have recently modified their holdings of FUN. BlackRock Inc. bought a new stake in shares of Six Flags Entertainment in the 2nd quarter worth approximately $339,057,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Six Flags Entertainment during the fourth quarter valued at $36,661,000. Invenomic Capital Management LP grew its holdings in Six Flags Entertainment by 38.9% during the fourth quarter. Invenomic Capital Management LP now owns 1,436,617 shares of the company’s stock valued at $22,038,000 after purchasing an additional 402,329 shares during the period. ING Groep NV grew its holdings in Six Flags Entertainment by 70.7% during the fourth quarter. ING Groep NV now owns 1,046,000 shares of the company’s stock valued at $16,046,000 after purchasing an additional 433,100 shares during the period. Finally, Kanen Wealth Management LLC purchased a new stake in Six Flags Entertainment in the first quarter worth $15,063,000. Hedge funds and other institutional investors own 64.65% of the company’s stock.

About Six Flags Entertainment

Six Flags Entertainment Corporation operates amusement parks, water parks and resort properties across the United States, Canada and Mexico. Its portfolio offers roller coasters, family rides, water attractions, live entertainment, themed events, dining, retail and other guest experiences.

The company was formed through the 2024 merger of Six Flags Entertainment Corporation and Cedar Fair, L.P., combining the Six Flags and Cedar Fair park portfolios. Its properties include Six Flags-branded parks as well as parks operating under established regional brands such as Cedar Point, Kings Island, Knott’s Berry Farm and Canada’s Wonderland.

Six Flags serves vacationers, families and regional visitors through admission tickets, season passes, memberships, food and merchandise sales, and accommodations at select destinations.