Six Flags Entertainment (NYSE:FUN – Free Report) had its price target lowered by JPMorgan Chase & Co. from $22.00 to $12.00 in a report issued on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.
A number of other equities analysts have also recently issued reports on FUN. Truist Financial lowered their target price on Six Flags Entertainment from $28.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, September 10th. Barclays cut their price target on Six Flags Entertainment from $22.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, November 6th. Wall Street Zen cut Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. UBS Group decreased their price objective on Six Flags Entertainment from $27.00 to $18.00 and set a “buy” rating for the company in a report on Friday, October 16th. Finally, Citigroup decreased their price objective on Six Flags Entertainment from $13.00 to $10.00 and set a “neutral” rating for the company in a report on Monday. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.85.
Check Out Our Latest Analysis on FUN
Six Flags Entertainment Price Performance
Shares of FUN opened at $11.15 on Monday. The company has a debt-to-equity ratio of 43.34, a quick ratio of 0.46 and a current ratio of 0.52. The firm has a market capitalization of $1.14 billion, a PE ratio of -1.22 and a beta of 0.50. The stock has a 50 day simple moving average of $10.77 and a 200 day simple moving average of $16.62. Six Flags Entertainment has a 52-week low of $6.60 and a 52-week high of $26.28.
Six Flags Entertainment (NYSE:FUN – Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported ($3.59) earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($5.52). The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Six Flags Entertainment had a negative net margin of 31.91% and a negative return on equity of 15.95%. The business’s quarterly revenue was down 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($2.20) EPS. Sell-side analysts predict that Six Flags Entertainment will post -4.56 EPS for the current fiscal year.
Insider Activity
In related news, insider Christopher Lawrence Bennett bought 5,000 shares of the stock in a transaction that occurred on Friday, November 6th. The shares were acquired at an average price of $9.32 per share, with a total value of $46,600.00. Following the completion of the transaction, the insider owned 51,697 shares in the company, valued at $481,816.04. The trade was a 10.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Richard Haddrill bought 9,000 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The shares were bought at an average price of $10.08 per share, for a total transaction of $90,720.00. Following the acquisition, the insider directly owned 239,117 shares of the company’s stock, valued at $2,410,299.36. This represents a 3.91% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 1,464,000 shares of company stock worth $15,066,320 in the last quarter. Corporate insiders own 2.10% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Six Flags Entertainment in the 2nd quarter valued at about $339,057,000. Kanen Wealth Management LLC bought a new stake in Six Flags Entertainment in the first quarter valued at approximately $15,063,000. Bank of New York Mellon Corp bought a new stake in Six Flags Entertainment in the second quarter valued at approximately $11,975,000. Principal Financial Group Inc. raised its stake in Six Flags Entertainment by 2.2% in the first quarter. Principal Financial Group Inc. now owns 495,349 shares of the company’s stock valued at $8,792,000 after buying an additional 10,760 shares during the period. Finally, Jupiter Topco LLC acquired a new stake in shares of Six Flags Entertainment in the second quarter valued at approximately $10,348,000. 64.65% of the stock is currently owned by institutional investors.
Key Headlines Impacting Six Flags Entertainment
Here are a few of the latest headlines about FUN:
- Negative Sentiment: JPMorgan cut its price target to $12 from $22 and Citigroup lowered its target to $10 from $13; both maintained neutral ratings. The reductions reflect a more cautious outlook. JPMorgan target cut Citigroup target cut
- Negative Sentiment: Law firms announced investigations into possible securities-law violations related to company statements about safety, maintenance and ride reliability. These are investigations, not findings of wrongdoing, but add legal and reputational uncertainty. BFA Law investigation notice Pomerantz investigation notice
- Negative Sentiment: Recent quarterly results included a $3.59-per-share loss, driven in large part by a substantial non-cash impairment. October attendance weakness and ride closures also led to a reduction in fourth-quarter EBITDA guidance, while high debt remains a key investor concern. Quarterly results coverage
Six Flags Entertainment Company Profile
Six Flags Entertainment Corporation operates amusement parks, water parks and related resort properties. Its attractions include rides, live entertainment, family activities, dining and seasonal events, with access offered through single-day tickets, season passes and other guest programs. The company serves visitors across the United States, Canada and Mexico through parks that include properties formerly operated by both the Six Flags and Cedar Fair organizations. Six Flags Entertainment was formed when Cedar Fair and Six Flags combined in a merger completed in 2024.
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