B. Riley Brokers Decrease Earnings Estimates for Six Flags Entertainment Co. (NYSE:SIX)

Six Flags Entertainment Co. (NYSE:SIX) – Research analysts at B. Riley cut their Q1 2024 EPS estimates for Six Flags Entertainment in a note issued to investors on Thursday, April 18th. B. Riley analyst E. Wold now forecasts that the company will post earnings of ($1.05) per share for the quarter, down from their prior forecast of ($0.99). B. Riley currently has a “Buy” rating and a $31.00 target price on the stock. The consensus estimate for Six Flags Entertainment’s current full-year earnings is $1.79 per share. B. Riley also issued estimates for Six Flags Entertainment’s Q1 2025 earnings at ($0.86) EPS.

Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.18). The firm had revenue of $292.55 million during the quarter, compared to analyst estimates of $298.42 million. Six Flags Entertainment had a net margin of 2.73% and a negative return on equity of 7.31%.

SIX has been the subject of several other reports. Citigroup boosted their price objective on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Truist Financial upped their target price on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the company a “hold” rating in a research note on Tuesday, January 9th. Finally, StockNews.com started coverage on shares of Six Flags Entertainment in a research note on Sunday. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Six Flags Entertainment has an average rating of “Hold” and an average price target of $28.31.

Six Flags Entertainment Stock Down 0.6 %

SIX opened at $23.45 on Monday. Six Flags Entertainment has a 52-week low of $18.29 and a 52-week high of $28.99. The company has a 50 day moving average of $25.23 and a two-hundred day moving average of $24.20. The company has a market cap of $1.97 billion, a P/E ratio of 50.98 and a beta of 2.20.

Hedge Funds Weigh In On Six Flags Entertainment

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its stake in shares of Six Flags Entertainment by 16.1% in the 2nd quarter. BlackRock Inc. now owns 11,623,211 shares of the company’s stock worth $301,971,000 after purchasing an additional 1,613,144 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Six Flags Entertainment by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 8,157,265 shares of the company’s stock worth $354,841,000 after purchasing an additional 483,965 shares during the last quarter. Rush Island Management LP grew its stake in shares of Six Flags Entertainment by 23.9% in the 3rd quarter. Rush Island Management LP now owns 3,468,122 shares of the company’s stock worth $81,536,000 after purchasing an additional 668,986 shares during the last quarter. Cooper Creek Partners Management LLC increased its position in shares of Six Flags Entertainment by 73.1% in the third quarter. Cooper Creek Partners Management LLC now owns 3,287,128 shares of the company’s stock worth $77,280,000 after acquiring an additional 1,387,734 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Six Flags Entertainment by 12.6% in the first quarter. Wellington Management Group LLP now owns 3,244,963 shares of the company’s stock worth $141,156,000 after acquiring an additional 362,407 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company sells food, beverages, merchandise, and other products and services within its parks.