Six Flags Entertainment (NYSE:FUN) Price Target Raised to $27.00 at Truist Financial

Six Flags Entertainment (NYSE:FUN) had its price objective hoisted by research analysts at Truist Financial from $23.00 to $27.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price points to a potential upside of 52.05% from the company’s previous close.

A number of other equities research analysts also recently issued reports on FUN. Weiss Ratings reissued a “sell (d)” rating on shares of Six Flags Entertainment in a research report on Thursday, January 22nd. Guggenheim cut their price objective on Six Flags Entertainment from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Barclays reaffirmed an “overweight” rating and issued a $22.00 price objective on shares of Six Flags Entertainment in a research note on Monday, February 23rd. Citigroup downgraded shares of Six Flags Entertainment from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $25.00 to $20.00 in a research report on Thursday, February 5th. Finally, Mizuho raised their price target on shares of Six Flags Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.92.

Six Flags Entertainment Trading Up 2.8%

Shares of FUN traded up $0.49 during mid-day trading on Thursday, reaching $17.76. The company had a trading volume of 153,103 shares, compared to its average volume of 2,212,156. Six Flags Entertainment has a fifty-two week low of $12.51 and a fifty-two week high of $38.47. The firm has a fifty day simple moving average of $17.07 and a 200-day simple moving average of $18.03. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of -1.11 and a beta of 0.36. The company has a current ratio of 0.69, a quick ratio of 0.59 and a debt-to-equity ratio of 9.40.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings data on Thursday, February 19th. The company reported ($0.91) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.60). The firm had revenue of $650.09 million for the quarter, compared to analyst estimates of $602.68 million. Six Flags Entertainment had a positive return on equity of 3.77% and a negative net margin of 51.58%.The business’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, sell-side analysts anticipate that Six Flags Entertainment will post 0.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FUN. Ameritas Investment Partners Inc. grew its stake in shares of Six Flags Entertainment by 4.4% in the second quarter. Ameritas Investment Partners Inc. now owns 9,801 shares of the company’s stock valued at $298,000 after buying an additional 413 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Six Flags Entertainment by 10.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,527 shares of the company’s stock valued at $103,000 after buying an additional 442 shares during the period. State of Alaska Department of Revenue lifted its position in Six Flags Entertainment by 1.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 56,470 shares of the company’s stock worth $1,282,000 after acquiring an additional 545 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Six Flags Entertainment by 26.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock worth $86,000 after acquiring an additional 586 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in Six Flags Entertainment by 2.2% in the 3rd quarter. Arizona State Retirement System now owns 28,421 shares of the company’s stock worth $646,000 after acquiring an additional 610 shares during the period. Institutional investors and hedge funds own 64.65% of the company’s stock.

About Six Flags Entertainment

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.