Six Flags Entertainment Corp (NYSE:SIX) has been given a consensus recommendation of “Buy” by the fifteen analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $67.00.

Several equities research analysts have commented on SIX shares. Hilliard Lyons upgraded Six Flags Entertainment from a “neutral” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Wednesday, August 30th. KeyCorp started coverage on Six Flags Entertainment in a research note on Wednesday, August 30th. They set an “overweight” rating and a $59.00 price target for the company. Stifel Nicolaus restated a “buy” rating and set a $72.00 price target on shares of Six Flags Entertainment in a research note on Thursday, October 12th. Zacks Investment Research upgraded Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, October 28th. Finally, BidaskClub lowered Six Flags Entertainment from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th.

Six Flags Entertainment (NYSE:SIX) opened at $66.11 on Thursday. The company has a market capitalization of $5,540.75, a price-to-earnings ratio of 31.64, a P/E/G ratio of 3.87 and a beta of 1.17. Six Flags Entertainment has a 12 month low of $51.25 and a 12 month high of $66.64. The company has a debt-to-equity ratio of -3.53, a current ratio of 0.80 and a quick ratio of 0.71.

Six Flags Entertainment (NYSE:SIX) last released its earnings results on Wednesday, October 25th. The company reported $2.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.31. The firm had revenue of $580.40 million during the quarter, compared to analyst estimates of $583.59 million. Six Flags Entertainment had a negative return on equity of 47.41% and a net margin of 13.24%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 earnings per share. equities analysts predict that Six Flags Entertainment will post 2.13 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Thursday, November 30th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.24%. This is a positive change from Six Flags Entertainment’s previous quarterly dividend of $0.64. Six Flags Entertainment’s dividend payout ratio (DPR) is 133.97%.

In other news, CEO James Reid-Anderson sold 25,456 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $66.31, for a total value of $1,687,987.36. Following the completion of the sale, the chief executive officer now owns 3,520,146 shares in the company, valued at $233,420,881.26. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 145,078 shares of company stock valued at $9,569,648. Insiders own 6.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Six Flags Entertainment by 9.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,637 shares of the company’s stock valued at $157,000 after buying an additional 225 shares in the last quarter. Ffcm LLC boosted its holdings in Six Flags Entertainment by 114.8% in the second quarter. Ffcm LLC now owns 2,631 shares of the company’s stock valued at $157,000 after purchasing an additional 1,406 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Six Flags Entertainment by 6.2% in the second quarter. State of Alaska Department of Revenue now owns 2,673 shares of the company’s stock valued at $159,000 after purchasing an additional 155 shares during the last quarter. First Mercantile Trust Co. purchased a new position in Six Flags Entertainment in the second quarter valued at about $185,000. Finally, First Trust Advisors LP purchased a new position in Six Flags Entertainment in the third quarter valued at about $205,000. Institutional investors and hedge funds own 99.45% of the company’s stock.

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Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

Analyst Recommendations for Six Flags Entertainment (NYSE:SIX)

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