Six Flags Entertainment (NYSE:FUN) Price Target Cut to $24.00 by Analysts at Citizens Jmp

Six Flags Entertainment (NYSE:FUN) had its price target trimmed by Citizens Jmp from $29.00 to $24.00 in a report published on Friday,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

Other research analysts have also recently issued research reports about the company. Barclays dropped their price target on Six Flags Entertainment from $26.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday. Guggenheim reduced their price objective on Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Zacks Research upgraded Six Flags Entertainment from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Mizuho set a $10.00 target price on Six Flags Entertainment and gave the stock an “underperform” rating in a research report on Friday. Finally, Weiss Ratings downgraded Six Flags Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Six Flags Entertainment presently has a consensus rating of “Hold” and an average price target of $22.21.

Six Flags Entertainment Stock Performance

Shares of FUN opened at $16.39 on Friday. The company has a debt-to-equity ratio of 43.47, a current ratio of 0.68 and a quick ratio of 0.62. The firm’s 50 day moving average is $20.23 and its 200-day moving average is $18.85. Six Flags Entertainment has a 12-month low of $12.51 and a 12-month high of $27.37. The stock has a market capitalization of $1.67 billion, a P/E ratio of -0.95 and a beta of 0.40.

Six Flags Entertainment (NYSE:FUN) last released its earnings results on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, beating the consensus estimate of ($2.71) by $0.06. The business had revenue of $225.63 million during the quarter, compared to analyst estimates of $207.49 million. Six Flags Entertainment had a negative net margin of 57.25% and a positive return on equity of 7.43%. Equities research analysts anticipate that Six Flags Entertainment will post -0.11 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Marilyn G. Spiegel acquired 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average price of $19.10 per share, with a total value of $47,750.00. Following the purchase, the director owned 15,161 shares of the company’s stock, valued at approximately $289,575.10. This trade represents a 19.75% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Rehan Jaffer acquired 125,000 shares of the stock in a transaction on Monday, June 15th. The shares were purchased at an average price of $23.41 per share, for a total transaction of $2,926,250.00. Following the completion of the transaction, the director owned 4,900,000 shares in the company, valued at approximately $114,709,000. This represents a 2.62% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 265,000 shares of company stock valued at $6,173,850. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Six Flags Entertainment during the second quarter worth approximately $339,057,000. UBS Group AG boosted its stake in shares of Six Flags Entertainment by 533.4% during the 4th quarter. UBS Group AG now owns 5,279,720 shares of the company’s stock valued at $80,991,000 after buying an additional 4,446,104 shares during the period. Rush Island Management LP acquired a new stake in shares of Six Flags Entertainment during the 2nd quarter valued at $115,454,000. Morgan Stanley grew its holdings in shares of Six Flags Entertainment by 62.1% during the 4th quarter. Morgan Stanley now owns 9,473,532 shares of the company’s stock valued at $145,324,000 after acquiring an additional 3,629,445 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Six Flags Entertainment during the 4th quarter valued at $36,661,000. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Trending Headlines about Six Flags Entertainment

Here are the key news stories impacting Six Flags Entertainment this week:

• Positive Sentiment: Analyst maintains bullish outlook: Citizens JMP lowered its price target from $29 to $24 but retained a “market outperform” rating, implying substantial upside from recent levels. Benzinga report
• Positive Sentiment: Management outlines margin and deleveraging goals: Six Flags is targeting adjusted EBITDA margins in the mid-30% range over time while reducing leverage toward approximately 4x. Progress on these objectives could improve cash flow and balance-sheet concerns. Seeking Alpha report
• Positive Sentiment: Season-pass sales launched: The company began selling 2027 passes at its lowest advertised price for this season and next, offering unlimited visits, parking and other benefits. The promotion could support advance bookings, attendance visibility and recurring revenue. Season-pass sales announcement
• Neutral Sentiment: New 2027 attraction announced: Six Flags Great America plans to open Camp Timber Trail, a family-focused area with nine attractions, including a new suspended family coaster. The project may strengthen the park’s long-term appeal, although financial benefits are not immediate. Camp Timber Trail announcement
• Negative Sentiment: Second-quarter results missed expectations: Six Flags reported adjusted EPS of $0.14 versus the $0.37 consensus estimate, while revenue of $864.9 million fell short of the $928.4 million forecast. The earnings miss and negative net margin remain the primary pressure points for FUN. Second-quarter results

About Six Flags Entertainment

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.