Zacks Research Upgrades Six Flags Entertainment (NYSE:FUN) to Hold

Six Flags Entertainment (NYSE:FUN) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

A number of other research analysts have also recently issued reports on the company. Wall Street Zen cut Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Northcoast Research assumed coverage on shares of Six Flags Entertainment in a report on Wednesday, July 8th. They issued a “neutral” rating for the company. Citizens Jmp dropped their target price 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, August 7th. Mizuho set a $10.00 price target on shares of Six Flags Entertainment and gave the company an “underperform” rating in a research note on Friday, August 7th. Finally, Truist Financial decreased their price target on shares of Six Flags Entertainment from $28.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, September 10th. Seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.54.

Six Flags Entertainment Stock Down 14.8%

Shares of FUN stock opened at $10.15 on Monday. The stock’s fifty day moving average price is $14.10 and its 200 day moving average price is $17.81. Six Flags Entertainment has a 1-year low of $9.80 and a 1-year high of $27.37. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -0.59 and a beta of 0.45. The company has a debt-to-equity ratio of 43.34, a current ratio of 0.42 and a quick ratio of 0.36.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.15). Six Flags Entertainment had a negative net margin of 57.25% and a positive return on equity of 7.43%. The business had revenue of $864.92 million during the quarter, compared to the consensus estimate of $928.36 million. During the same quarter in the previous year, the business posted $0.26 EPS. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, research analysts expect that Six Flags Entertainment will post -0.91 earnings per share for the current fiscal year.

Insider Activity at Six Flags Entertainment

In other news, CEO John Reilly purchased 15,713 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was bought at an average cost of $15.80 per share, for a total transaction of $248,265.40. Following the purchase, the chief executive officer owned 297,736 shares of the company’s stock, valued at approximately $4,704,228.80. The trade was a 5.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Six Flags Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of FUN. Public Employees Retirement System of Ohio lifted its holdings in shares of Six Flags Entertainment by 36.1% in 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. Atlas Wealth LLC bought a new stake in shares of Six Flags Entertainment during the first quarter worth about $26,000. Integrated Wealth Concepts LLC bought a new stake in shares of Six Flags Entertainment during the second quarter worth about $31,000. Allworth Financial LP bought a new stake in shares of Six Flags Entertainment during the second quarter worth about $35,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Six Flags Entertainment by 25.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,589 shares of the company’s stock worth $170,000 after acquiring an additional 1,947 shares during the last quarter. Institutional investors own 64.65% of the company’s stock.

Six Flags Entertainment News Roundup

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

• Negative Sentiment: One person reportedly died and several others were injured in the Georgia incident. The tragedy is likely to increase scrutiny of Six Flags’ maintenance, inspection and operating practices. Six Flags shares plunge after-hours following report of deadly roller coaster incident
• Negative Sentiment: Six Flags temporarily shut nine rides across six parks in the United States and Canada, including similar attractions, while investigations and safety reviews proceed. The closures could reduce attendance, revenue and profitability, particularly if they persist. Six Flags Closes Several Rides After Georgia Roller-Coaster Death
• Negative Sentiment: Investors are concerned that the accident could derail Six Flags’ turnaround efforts after its merger-related struggles, while creating additional litigation, insurance and compliance costs. The company’s limited liquidity and elevated leverage could make it harder to absorb prolonged disruptions. Goliath Roller-Coaster Death Casts Long Shadow Over Six Flags’ Turnaround Hopes
• Negative Sentiment: A shareholder law firm announced a pending investigation into potential claims on behalf of investors who suffered losses. Although the notice does not establish wrongdoing, it increases headline and legal risk. Six Flags Entertainment Investigation Notice
• Negative Sentiment: Unusually heavy put-option activity indicates increased bearish positioning and concern about further volatility. Shares were trading near their 52-week low, intensifying pressure on management to clarify the incident, ride closures and financial impact.

About Six Flags Entertainment

Six Flags Entertainment Corporation operates amusement parks, water parks and resort properties across the United States, Canada and Mexico. Its portfolio offers roller coasters, family rides, water attractions, live entertainment, themed events, dining, retail and other guest experiences.

The company was formed through the 2024 merger of Six Flags Entertainment Corporation and Cedar Fair, L.P., combining the Six Flags and Cedar Fair park portfolios. Its properties include Six Flags-branded parks as well as parks operating under established regional brands such as Cedar Point, Kings Island, Knott’s Berry Farm and Canada’s Wonderland.

Six Flags serves vacationers, families and regional visitors through admission tickets, season passes, memberships, food and merchandise sales, and accommodations at select destinations.