Six Flags Entertainment Corp. (NYSE:SIX)‘s stock had its “buy” rating reiterated by stock analysts at Janney Montgomery Scott in a research report issued on Thursday. They presently have a $64.00 price objective on the stock. Janney Montgomery Scott’s price objective indicates a potential upside of 23.50% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. B. Riley restated a “buy” rating and issued a $65.00 price target on shares of Six Flags Entertainment Corp. in a research report on Sunday, July 31st. Credit Suisse Group AG restated a “positive” rating and issued a $67.00 price target on shares of Six Flags Entertainment Corp. in a research report on Wednesday, July 13th. Zacks Investment Research cut shares of Six Flags Entertainment Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. FBR & Co reduced their price target on shares of Six Flags Entertainment Corp. from $65.00 to $62.00 and set an “outperform” rating on the stock in a research report on Friday, July 29th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $65.00 price target on shares of Six Flags Entertainment Corp. in a research report on Tuesday, August 23rd. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Six Flags Entertainment Corp. currently has a consensus rating of “Buy” and an average target price of $60.88.

Shares of Six Flags Entertainment Corp. (NYSE:SIX) opened at 51.82 on Thursday. Six Flags Entertainment Corp. has a 52-week low of $44.04 and a 52-week high of $62.69. The stock has a market capitalization of $4.81 billion, a PE ratio of 29.31 and a beta of 1.56. The stock has a 50 day moving average of $51.87 and a 200 day moving average of $55.82.

Six Flags Entertainment Corp. (NYSE:SIX) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by $0.06. The company had revenue of $407 million for the quarter, compared to the consensus estimate of $406.13 million. Six Flags Entertainment Corp. had a net margin of 13.19% and a return on equity of 3,451.32%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 EPS. Analysts forecast that Six Flags Entertainment Corp. will post $1.86 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Thursday, September 1st were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend was Tuesday, August 30th. Six Flags Entertainment Corp.’s dividend payout ratio is currently 128.89%.

In other news, SVP Walter Hawrylak sold 22,883 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $50.47, for a total transaction of $1,154,905.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lance C. Balk sold 20,000 shares of the business’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $59.11, for a total transaction of $1,182,200.00. Following the sale, the vice president now directly owns 90,343 shares of the company’s stock, valued at $5,340,174.73. The disclosure for this sale can be found here. Insiders own 7.10% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Weatherstone Capital Management raised its stake in shares of Six Flags Entertainment Corp. by 0.7% in the second quarter. Weatherstone Capital Management now owns 6,299 shares of the company’s stock worth $365,000 after buying an additional 41 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Six Flags Entertainment Corp. by 2.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,971 shares of the company’s stock worth $114,000 after buying an additional 56 shares in the last quarter. Utah Retirement Systems raised its stake in shares of Six Flags Entertainment Corp. by 0.8% in the second quarter. Utah Retirement Systems now owns 13,000 shares of the company’s stock worth $753,000 after buying an additional 100 shares in the last quarter. First Quadrant L P CA raised its stake in shares of Six Flags Entertainment Corp. by 4.7% in the second quarter. First Quadrant L P CA now owns 2,617 shares of the company’s stock worth $152,000 after buying an additional 117 shares in the last quarter. Finally, M&T Bank Corp raised its stake in shares of Six Flags Entertainment Corp. by 2.4% in the second quarter. M&T Bank Corp now owns 6,441 shares of the company’s stock worth $373,000 after buying an additional 153 shares in the last quarter. 88.80% of the stock is owned by hedge funds and other institutional investors.

Six Flags Entertainment Corp. Company Profile

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 20 regional theme and water parks. Its parks occupy approximately 4,500 acres of land, and it owns approximately 800 acres of other developable land.

5 Day Chart for NYSE:SIX

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