Six Flags Entertainment (NYSE:FUN) Stock Rating Lowered by Mizuho

Six Flags Entertainment (NYSE:FUN) was downgraded by stock analysts at Mizuho from a “strong-buy” rating to a “strong sell” rating in a research note issued on Thursday,Zacks.com reports.

A number of other analysts have also weighed in on FUN. JPMorgan Chase & Co. upgraded shares of Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 target price on the stock in a research note on Friday, May 8th. Guggenheim lowered their price target on shares of Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating for the company in a report on Friday, July 24th. Citizens Jmp lowered their price target 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. Truist Financial increased their price objective on shares of Six Flags Entertainment from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, June 12th. Finally, Zacks Research upgraded shares of Six Flags Entertainment from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $22.21.

Six Flags Entertainment Trading Up 4.0%

FUN opened at $16.39 on Thursday. The business has a fifty day moving average price of $20.23 and a 200 day moving average price of $18.85. The company has a debt-to-equity ratio of 43.47, a current ratio of 0.68 and a quick ratio of 0.62. Six Flags Entertainment has a 12 month low of $12.51 and a 12 month high of $27.37. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of -0.95 and a beta of 0.40.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($2.65) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.71) by $0.06. The company had revenue of $225.63 million for the quarter, compared to analyst estimates of $207.49 million. Six Flags Entertainment had a positive return on equity of 7.43% and a negative net margin of 57.25%. Sell-side analysts expect that Six Flags Entertainment will post -0.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Richard M. Haddrill bought 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, for a total transaction of $190,800.00. Following the purchase, the insider owned 230,117 shares of the company’s stock, valued at approximately $4,390,632.36. The trade was a 4.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Rehan Jaffer bought 125,000 shares of the stock in a transaction dated Monday, June 15th. The stock was purchased at an average cost of $23.41 per share, for a total transaction of $2,926,250.00. Following the acquisition, the director owned 4,900,000 shares of the company’s stock, valued at approximately $114,709,000. This represents a 2.62% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 265,000 shares of company stock worth $6,173,850. 2.10% of the stock is owned by insiders.

Institutional Trading of Six Flags Entertainment

A number of institutional investors have recently modified their holdings of FUN. Public Employees Retirement System of Ohio increased its position in Six Flags Entertainment by 36.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock worth $36,000 after purchasing an additional 539 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of 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 purchasing an additional 586 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Six Flags Entertainment by 259.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 722 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Six Flags Entertainment by 26.3% in the third quarter. CIBC Private Wealth Group LLC now owns 3,588 shares of the company’s stock valued at $82,000 after buying an additional 748 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its stake in shares of Six Flags Entertainment by 10.6% during the second quarter. Corient Private Wealth LLC now owns 9,290 shares of the company’s stock valued at $283,000 after buying an additional 888 shares during the period. 64.65% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Six Flags Entertainment

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

• Positive Sentiment: Analyst maintains bullish outlook: Citizens JMP lowered its price target from $29 to $24 but retained a “market outperform” rating, implying substantial upside from recent levels. Benzinga report
• Positive Sentiment: Management outlines margin and deleveraging goals: Six Flags is targeting adjusted EBITDA margins in the mid-30% range over time while reducing leverage toward approximately 4x. Progress on these objectives could improve cash flow and balance-sheet concerns. Seeking Alpha report
• Positive Sentiment: Season-pass sales launched: The company began selling 2027 passes at its lowest advertised price for this season and next, offering unlimited visits, parking and other benefits. The promotion could support advance bookings, attendance visibility and recurring revenue. Season-pass sales announcement
• Neutral Sentiment: New 2027 attraction announced: Six Flags Great America plans to open Camp Timber Trail, a family-focused area with nine attractions, including a new suspended family coaster. The project may strengthen the park’s long-term appeal, although financial benefits are not immediate. Camp Timber Trail announcement
• Negative Sentiment: Second-quarter results missed expectations: Six Flags reported adjusted EPS of $0.14 versus the $0.37 consensus estimate, while revenue of $864.9 million fell short of the $928.4 million forecast. The earnings miss and negative net margin remain the primary pressure points for FUN. Second-quarter results

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.