Six Flags Entertainment (NYSE:FUN) Price Target Raised to $27.00 at Truist Financial

Six Flags Entertainment (NYSE:FUN) had its target price boosted by Truist Financial from $23.00 to $27.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also commented on the stock. Citigroup lowered shares of Six Flags Entertainment from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $25.00 to $20.00 in a research report on Thursday, February 5th. Morgan Stanley set a $18.00 price target on shares of Six Flags Entertainment in a report on Friday, February 20th. Jefferies Financial Group lowered their price objective on shares of Six Flags Entertainment from $20.00 to $17.00 and set a “hold” rating for the company in a research note on Tuesday, January 13th. Weiss Ratings restated a “sell (d)” rating on shares of Six Flags Entertainment in a report on Thursday, January 22nd. Finally, Barclays reaffirmed an “overweight” rating and issued a $22.00 target price on shares of Six Flags Entertainment in a research report on Monday, February 23rd. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Six Flags Entertainment currently has a consensus rating of “Hold” and an average target price of $24.92.

Six Flags Entertainment Stock Up 2.3%

FUN opened at $17.66 on Thursday. The company has a debt-to-equity ratio of 9.40, a current ratio of 0.69 and a quick ratio of 0.59. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of -1.11 and a beta of 0.36. The business has a 50-day moving average of $17.10 and a two-hundred day moving average of $18.03. Six Flags Entertainment has a 12 month low of $12.51 and a 12 month high of $38.47.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings data on Thursday, February 19th. The company reported ($0.91) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.60). Six Flags Entertainment had a negative net margin of 51.58% and a positive return on equity of 3.77%. The company had revenue of $650.09 million for the quarter, compared to analyst estimates of $602.68 million. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. On average, research analysts expect that Six Flags Entertainment will post 0.83 earnings per share for the current year.

Hedge Funds Weigh In On Six Flags Entertainment

A number of hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC acquired a new position in shares of Six Flags Entertainment during the 4th quarter valued at $894,000. Alpine Global Management LLC acquired a new stake in Six Flags Entertainment in the 4th quarter valued at $185,000. Aristides Capital LLC purchased a new position in Six Flags Entertainment in the fourth quarter valued at about $207,000. Invesco Ltd. raised its position in Six Flags Entertainment by 32.0% in the fourth quarter. Invesco Ltd. now owns 461,411 shares of the company’s stock valued at $7,078,000 after purchasing an additional 111,931 shares during the period. Finally, Creek Drive Management Group LLC acquired a new position in shares of Six Flags Entertainment during the fourth quarter worth about $5,185,000. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation is a publicly traded regional theme park operator based in Arlington, Texas. The company develops, owns and operates amusement and water parks, offering a diverse portfolio of thrill rides, family attractions, live entertainment, food and beverage offerings, and retail merchandise. Its main revenue streams include single-day tickets, season passes, on-site accommodations, in-park retail sales, and food and beverage services.

Founded in 1961 by Angus G.