Six Flags Entertainment Corporation (NYSE:FUN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Six Flags Entertainment Corporation (NYSE:FUN) has been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned 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 $49.20.

FUN has been the topic of a number of analyst reports. UBS Group initiated coverage on shares of Six Flags Entertainment in a research note on Wednesday, April 9th. They issued a “buy” rating and a $49.00 target price on the stock. Stifel Nicolaus upped their target price on shares of Six Flags Entertainment from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. Truist Financial lowered their target price on shares of Six Flags Entertainment from $52.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Macquarie reissued an “outperform” rating and issued a $55.00 target price on shares of Six Flags Entertainment in a research note on Friday, March 7th. Finally, Guggenheim lowered their target price on shares of Six Flags Entertainment from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th.

Six Flags Entertainment Stock Performance

NYSE:FUN opened at $30.40 on Wednesday. The firm’s 50-day moving average is $33.99 and its 200-day moving average is $39.50. Six Flags Entertainment has a 52-week low of $28.02 and a 52-week high of $58.70. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.28 and a current ratio of 0.37. The company has a market cap of $3.07 billion, a price-to-earnings ratio of -10.93 and a beta of 0.79.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($2.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.29) by $0.09. The company had revenue of $202.06 million for the quarter, compared to the consensus estimate of $235.51 million. Six Flags Entertainment had a negative net margin of 11.30% and a positive return on equity of 0.66%. The business’s revenue was up 98.9% on a year-over-year basis. Equities research analysts anticipate that Six Flags Entertainment will post 0.83 earnings per share for the current year.

Insider Activity at Six Flags Entertainment

In related news, Director Michelle M. Frymire sold 5,929 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $37.89, for a total transaction of $224,649.81. Following the sale, the director now directly owns 7,162 shares in the company, valued at $271,368.18. This trade represents a 45.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Six Flags Entertainment stock. Peregrine Capital Management LLC boosted its holdings in Six Flags Entertainment Corporation (NYSE:FUN) by 7.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 131,499 shares of the company’s stock after purchasing an additional 9,231 shares during the quarter. Peregrine Capital Management LLC owned 0.13% of Six Flags Entertainment worth $4,691,000 at the end of the most recent reporting period. 64.65% of the stock is currently owned by hedge funds and other institutional investors.

Six Flags Entertainment Company Profile

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.