Mizuho Has Lowered Expectations for Six Flags Entertainment (NYSE:FUN) Stock Price

Six Flags Entertainment (NYSE:FUN) had its price target dropped by research analysts at Mizuho from $43.00 to $36.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price objective would suggest a potential upside of 17.11% from the company’s current price.

Other analysts also recently issued reports about the company. Truist Financial cut their target price on Six Flags Entertainment from $52.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Citigroup cut their target price on Six Flags Entertainment from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, July 10th. UBS Group cut their target price on Six Flags Entertainment from $49.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, July 15th. Stifel Nicolaus upped their target price on Six Flags Entertainment from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, May 21st. Finally, Wall Street Zen downgraded Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, June 21st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Six Flags Entertainment currently has an average rating of “Moderate Buy” and an average price target of $45.67.

Six Flags Entertainment Stock Up 4.4%

FUN stock opened at $30.74 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 2.75. The business has a 50 day moving average price of $32.39 and a two-hundred day moving average price of $37.17. The company has a market cap of $3.11 billion, a price-to-earnings ratio of -11.06 and a beta of 0.76. Six Flags Entertainment has a twelve month low of $27.07 and a twelve month high of $51.13.

Six Flags Entertainment (NYSE:FUN) last issued its earnings results on Thursday, May 8th. The company reported ($2.20) EPS for the quarter, topping the consensus estimate of ($2.29) by $0.09. Six Flags Entertainment had a positive return on equity of 0.66% and a negative net margin of 11.30%. The company had revenue of $202.06 million during the quarter, compared to the consensus estimate of $235.51 million. Six Flags Entertainment’s quarterly revenue was up 98.9% compared to the same quarter last year. Analysts anticipate that Six Flags Entertainment will post 0.83 EPS for the current fiscal year.

Insider Activity at Six Flags Entertainment

In related news, Director Michelle M. Frymire sold 5,929 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $37.89, for a total transaction of $224,649.81. Following the completion of the sale, the director directly owned 7,162 shares of the company’s stock, valued at approximately $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 can be accessed through this link. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Six Flags Entertainment

A number of large investors have recently bought and sold shares of the company. Balefire LLC boosted its holdings in shares of Six Flags Entertainment by 73.7% in the second quarter. Balefire LLC now owns 91,556 shares of the company’s stock worth $2,786,000 after acquiring an additional 38,832 shares during the period. Peregrine Capital Management LLC boosted its holdings in shares of Six Flags Entertainment by 7.5% in the first quarter. Peregrine Capital Management LLC now owns 131,499 shares of the company’s stock worth $4,691,000 after acquiring an additional 9,231 shares during the period. Castleview Partners LLC bought a new position in shares of Six Flags Entertainment in the second quarter worth $239,000. State of Alaska Department of Revenue boosted its stake in Six Flags Entertainment by 8.2% during the second quarter. State of Alaska Department of Revenue now owns 55,925 shares of the company’s stock valued at $1,701,000 after buying an additional 4,251 shares during the period. Finally, Veracity Capital LLC boosted its stake in Six Flags Entertainment by 20.0% during the second quarter. Veracity Capital LLC now owns 25,282 shares of the company’s stock valued at $769,000 after buying an additional 4,214 shares during the period. 64.65% of the stock is 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.