Six Flags Entertainment (NYSE:FUN) Stock Gets Price Target Trim from Citigroup

Six Flags Entertainment (NYSE:FUN) had its price target trimmed by Citigroup from $13.00 to $10.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

FUN has been the subject of a number of other reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $9.00 price target on shares of Six Flags Entertainment in a report on Friday, November 6th. Mizuho set a $5.00 price objective on Six Flags Entertainment in a research note on Wednesday, October 21st. Citizens Jmp cut their target price on Six Flags Entertainment from $24.00 to $14.00 and set a “market outperform” rating on the stock in a research report on Thursday, October 22nd. Zacks Research raised Six Flags Entertainment from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Finally, Guggenheim decreased their target price on Six Flags Entertainment from $28.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, October 21st. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Six Flags Entertainment has a consensus rating of “Hold” and an average target price of $14.85.

Six Flags Entertainment Trading Up 9.8%

FUN opened at $11.15 on Monday. Six Flags Entertainment has a twelve month low of $6.60 and a twelve month high of $26.28. The company has a fifty day moving average of $10.77 and a 200-day moving average of $16.62. The stock has a market cap of $1.14 billion, a PE ratio of -1.22 and a beta of 0.50. The company has a quick ratio of 0.46, a current ratio of 0.52 and a debt-to-equity ratio of 43.34.

Six Flags Entertainment (NYSE:FUN) last released its earnings results on Thursday, November 5th. The company reported ($3.59) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($5.52). The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Six Flags Entertainment had a negative net margin of 31.91% and a negative return on equity of 15.95%. Six Flags Entertainment’s quarterly revenue was down 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($2.20) EPS. On average, sell-side analysts predict that Six Flags Entertainment will post -4.56 EPS for the current year.

Insider Buying and Selling at Six Flags Entertainment

In related news, Director Rehan Jaffer acquired 700,000 shares of the company’s stock in a transaction on Friday, November 6th. The shares were acquired at an average cost of $10.00 per share, for a total transaction of $7,000,000.00. Following the purchase, the director owned 5,600,000 shares in the company, valued at approximately $56,000,000. The trade was a 14.29% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Richard M. Haddrill purchased 9,000 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The shares were purchased at an average cost of $10.08 per share, for a total transaction of $90,720.00. Following the completion of the transaction, the insider directly owned 239,117 shares of the company’s stock, valued at $2,410,299.36. This represents a 3.91% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 1,464,000 shares of company stock worth $15,066,320. Insiders own 2.10% of the company’s stock.

Institutional Trading of Six Flags Entertainment

A number of hedge funds have recently bought and sold shares of FUN. Maryland State Retirement & Pension System raised its position in Six Flags Entertainment by 53.4% in the third quarter. Maryland State Retirement & Pension System now owns 22,804 shares of the company’s stock worth $244,000 after acquiring an additional 7,940 shares during the period. Jefferies Financial Group Inc. purchased a new stake in shares of Six Flags Entertainment in the third quarter worth about $4,884,000. Lido Advisors LLC bought a new position in Six Flags Entertainment in the 3rd quarter valued at $1,022,000. State of Wyoming boosted its stake in Six Flags Entertainment by 27.3% during the third quarter. State of Wyoming now owns 33,581 shares of the company’s stock valued at $360,000 after buying an additional 7,194 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of Six Flags Entertainment by 138.9% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 48,500 shares of the company’s stock worth $519,000 after purchasing an additional 28,200 shares in the last quarter. 64.65% of the stock is currently owned by institutional investors.

Latest Six Flags Entertainment News

These are some of the FUN news items that stood out recently:

• Neutral Sentiment: Six Flags named Adam Boal chief procurement officer. The hire supports management’s cost-saving efforts, but its financial impact is not yet clear. Six Flags announcement
• Negative Sentiment: JPMorgan cut its price target to $12 from $22 and Citigroup lowered its target to $10 from $13; both maintained neutral ratings. The reductions reflect a more cautious outlook. JPMorgan target cut Citigroup target cut
• Negative Sentiment: Law firms announced investigations into possible securities-law violations related to company statements about safety, maintenance and ride reliability. These are investigations, not findings of wrongdoing, but add legal and reputational uncertainty. BFA Law investigation notice Pomerantz investigation notice

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation operates amusement parks, water parks and related resort properties. Its attractions include rides, live entertainment, family activities, dining and seasonal events, with access offered through single-day tickets, season passes and other guest programs. The company serves visitors across the United States, Canada and Mexico through parks that include properties formerly operated by both the Six Flags and Cedar Fair organizations. Six Flags Entertainment was formed when Cedar Fair and Six Flags combined in a merger completed in 2024.