Six Flags Entertainment Corporation (NYSE:FUN) Receives $24.85 Average Price Target from Brokerages

Shares of Six Flags Entertainment Corporation (NYSE:FUN) have received an average rating of “Hold” from the fourteen research firms that are covering the stock, Marketbeat.com reports. One analyst has 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 12-month price target among brokerages that have issued ratings on the stock in the last year is $24.8462.

Several research analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Six Flags Entertainment from $23.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, March 26th. Wall Street Zen raised shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Sunday, May 24th. Mizuho upped their target price on Six Flags Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, February 20th. JPMorgan Chase & Co. upgraded Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 price target on the stock in a research report on Friday, May 8th. Finally, Morgan Stanley set a $18.00 price target on Six Flags Entertainment in a report on Friday, February 20th.

Six Flags Entertainment Price Performance

Shares of NYSE FUN opened at $22.45 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 19.13. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -1.38 and a beta of 0.39. Six Flags Entertainment has a twelve month low of $12.51 and a twelve month high of $33.50. The business has a 50 day simple moving average of $19.54 and a 200-day simple moving average of $17.32.

Six Flags Entertainment (NYSE:FUN) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.71) by $0.06. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%.The firm had revenue of $225.63 million for the quarter, compared to analysts’ expectations of $207.49 million. As a group, equities research analysts expect that Six Flags Entertainment will post -0.28 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Richard M. Haddrill purchased 10,000 shares of Six Flags Entertainment stock in a transaction dated Tuesday, May 12th. The stock was bought at an average price of $19.08 per share, with a total value of $190,800.00. Following the completion of the acquisition, the insider owned 230,117 shares in the company, valued at $4,390,632.36. The trade was a 4.54% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marilyn G. Spiegel acquired 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average cost of $19.10 per share, for a total transaction of $47,750.00. Following the acquisition, the director owned 15,161 shares in the company, valued at approximately $289,575.10. This trade represents a 19.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 15,000 shares of company stock worth $286,350 over the last quarter. 2.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Six Flags Entertainment

A number of hedge funds have recently made changes to their positions in the business. CoreCap Advisors LLC boosted its position in shares of Six Flags Entertainment by 145.5% during the fourth quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock worth $25,000 after buying an additional 975 shares during the period. Atlas Wealth LLC bought a new stake in Six Flags Entertainment during the 1st quarter valued at $26,000. Danske Bank A S bought a new stake in Six Flags Entertainment during the 3rd quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Six Flags Entertainment during the 4th quarter worth $28,000. Finally, Ameritas Advisory Services LLC acquired a new position in Six Flags Entertainment during the 3rd quarter worth $30,000. Institutional investors own 64.65% of the company’s stock.

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.