Six Flags Entertainment (NYSE:SIX) Stock Rating Upgraded by B. Riley

Six Flags Entertainment (NYSE:SIX) was upgraded by equities researchers at B. Riley from a “neutral” rating to a “buy” rating in a report issued on Thursday, Marketbeat Ratings reports. The firm currently has a $31.00 price target on the stock, up from their prior price target of $30.00. B. Riley’s target price indicates a potential upside of 32.20% from the company’s previous close. B. Riley also issued estimates for Six Flags Entertainment’s FY2024 earnings at $1.70 EPS and FY2025 earnings at $2.21 EPS.

A number of other brokerages also recently weighed in on SIX. StockNews.com began coverage on shares of Six Flags Entertainment in a research note on Saturday, April 13th. They issued a “hold” rating for the company. Truist Financial upped their price objective on Six Flags Entertainment from $23.00 to $24.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. Finally, Citigroup lifted their target price on Six Flags Entertainment from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $28.31.

Six Flags Entertainment Price Performance

Shares of SIX opened at $23.45 on Thursday. The company has a market capitalization of $1.97 billion, a P/E ratio of 50.98 and a beta of 2.20. Six Flags Entertainment has a one year low of $18.29 and a one year high of $28.99. The business’s 50 day simple moving average is $25.23 and its 200-day simple moving average is $24.17.

Six Flags Entertainment (NYSE:SIX) last announced its earnings results on Thursday, February 29th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.18). Six Flags Entertainment had a negative return on equity of 7.31% and a net margin of 2.73%. The business had revenue of $292.55 million for the quarter, compared to the consensus estimate of $298.42 million. On average, sell-side analysts anticipate that Six Flags Entertainment will post 1.79 EPS for the current fiscal year.

Institutional Investors Weigh In On Six Flags Entertainment

Several hedge funds have recently bought and sold shares of SIX. Clear Street Markets LLC bought a new stake in shares of Six Flags Entertainment in the 4th quarter valued at $25,000. National Bank of Canada FI raised its position in shares of Six Flags Entertainment by 527.2% during the fourth quarter. National Bank of Canada FI now owns 1,129 shares of the company’s stock worth $28,000 after purchasing an additional 949 shares during the period. International Assets Investment Management LLC bought a new position in shares of Six Flags Entertainment during the 3rd quarter valued at about $27,000. Captrust Financial Advisors grew its position in shares of Six Flags Entertainment by 58.9% in the 1st quarter. Captrust Financial Advisors now owns 1,257 shares of the company’s stock valued at $55,000 after purchasing an additional 466 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in Six Flags Entertainment by 64.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,425 shares of the company’s stock worth $33,000 after purchasing an additional 559 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company sells food, beverages, merchandise, and other products and services within its parks.