Six Flags Entertainment (NYSE:FUN) Price Target Lowered to $26.00 at Oppenheimer

Six Flags Entertainment (NYSE:FUN) had its price objective trimmed by Oppenheimer from $40.00 to $26.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

FUN has been the subject of several other reports. Morgan Stanley set a $18.00 price target on Six Flags Entertainment in a report on Friday, February 20th. Mizuho upped their price target on shares of Six Flags Entertainment from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Citigroup downgraded shares of Six Flags Entertainment from a “buy” rating to a “neutral” rating and cut their price objective for the company from $25.00 to $20.00 in a research report on Thursday, February 5th. Barclays restated an “overweight” rating and set a $22.00 price objective on shares of Six Flags Entertainment in a research note on Monday, February 23rd. Finally, Jefferies Financial Group dropped their target price on shares of Six Flags Entertainment from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, January 13th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $23.85.

Six Flags Entertainment Price Performance

FUN stock opened at $17.57 on Wednesday. The company has a debt-to-equity ratio of 9.40, a quick ratio of 0.59 and a current ratio of 0.69. The firm has a 50 day moving average price of $17.15 and a 200-day moving average price of $17.84. Six Flags Entertainment has a 52-week low of $12.51 and a 52-week high of $38.47. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of -1.11 and a beta of 0.32.

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

Hedge Funds Weigh In On Six Flags Entertainment

A number of hedge funds have recently bought and sold shares of FUN. Vanguard Group Inc. lifted its stake in Six Flags Entertainment by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 10,067,759 shares of the company’s stock valued at $228,739,000 after acquiring an additional 53,111 shares during the period. Morgan Stanley grew its stake in shares of Six Flags Entertainment by 62.1% in the fourth quarter. Morgan Stanley now owns 9,473,532 shares of the company’s stock worth $145,324,000 after acquiring an additional 3,629,445 shares during the period. Darlington Partners Capital Management LP grew its stake in shares of Six Flags Entertainment by 20.2% in the second quarter. Darlington Partners Capital Management LP now owns 8,700,000 shares of the company’s stock worth $264,741,000 after acquiring an additional 1,460,000 shares during the period. UBS Group AG raised its holdings in shares of Six Flags Entertainment by 533.4% during the fourth quarter. UBS Group AG now owns 5,279,720 shares of the company’s stock valued at $80,991,000 after purchasing an additional 4,446,104 shares during the last quarter. Finally, Dendur Capital LP raised its holdings in shares of Six Flags Entertainment by 6.2% during the fourth quarter. Dendur Capital LP now owns 4,953,500 shares of the company’s stock valued at $75,987,000 after purchasing an additional 290,000 shares during the last quarter. 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.