Streetbeat News

FUN

Six Flags Entertainment Corporation

https://www.sixflags.com

Industry

Leisure

Six Flags Entertainment Corporation operates amusement-resort in North America. Its amusement-resort consists of amusement parks, water parks, and resort properties across 17 states in the U.S., Canada, and Mexico. The company provides fun, experiences to various guests with coasters, themed rides, water parks, resorts, and a portfolio of intellectual property, such as Looney Tunes, DC Comics, and PEANUTS. Six Flags Entertainment Corporation was founded in 1983 and is based in Charlotte, North Carolina.

Open

37.00

Mkt cap

3.8B

Volume

2M

High

37.48

P/E Ratio

-11.52

52-wk high

58.70

Low

36.35

Div yield

0.01

52-wk low

33.83

Cedar Fair CEO Richard Zimmerman expressed optimism about the completion of the Department of Justice's review of the merger with Six Flags, anticipating it to conclude in the first half of 2024. Both companies are working constructively with the DOJ.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:48 am

Cedar Fair (NYSE:FUN) reported Q4 sales of $371.12M, surpassing the $366.96M estimate, marking a 1.13% beat and a 1.40% increase YoY. However, the company experienced a net loss of $10M compared to a net income of $12M in the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:02 am

Cedar Fair (NYSE:FUN) is scheduled to release its quarterly earnings report on February 15, 2024, with analysts estimating an EPS of $0.28. The company's past earnings performance shows a history of beating EPS estimates, which has positively impacted its share price. However, shares have declined by 7.32% over the last 52 weeks. Investors will be closely watching for not only the earnings results but also the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 5:01 pm

Cedar Fair Entertainment's Valleyfair amusement park announced plans to hire over 1,600 seasonal associates for the 2024 season, with a major hiring event scheduled for February 17-24. This initiative is part of one of the largest recruiting campaigns by Cedar Fair across its parks in the United States and Canada, aiming to fill various roles including ride operators, food and beverage staff, lifeguards, security, and more.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 10:13 am

Oppenheimer analyst Ian Zaffino initiates coverage on Cedar Fair (NYSE:FUN) with an Outperform rating and a price target of $49.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:35 pm

In Wednesday's after-market session, several consumer discretionary stocks saw movement. Kaixin Auto Hldgs, Rent the Runway, Golden Heaven Group Hldgs, PetMed Express, Boqii Holding, and Cedar Fair experienced gains, while Volcon, J-Long Group, Boot Barn Holdings, Canoo, Connexa Sports Techs, and SRIVARU Holding saw declines. Notably, Boot Barn Holdings' stock drop followed their Q3 earnings report.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 9:31 pm

Cedar Fair, L.P. (FUN) and Six Flags Entertainment Corporation (SIX) received a Second Request from the DOJ for additional information regarding their proposed merger. This request extends the waiting period under the HSR Act until 30 days after compliance, with a target date of May 2, 2024, for substantial compliance. The completion of the merger is subject to regulatory approvals and Six Flags' stockholders' approval, with an expected completion in the first half of 2024.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 12:55 pm

Truist Securities analyst Michael Swartz has maintained a Buy rating on Cedar Fair (NYSE:FUN) and increased the price target from $44 to $46.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 3:44 pm

Cedar Fair (NYSE:FUN) has received 7 analyst ratings in the last quarter, with 4 bullish, 2 somewhat bullish, and 1 indifferent. There were no bearish or somewhat bearish ratings. The average price target for Cedar Fair is $48.29, which is significantly higher than the current price of $38.2099, suggesting an upside. The average price target has seen a slight increase of 0.6% over the past month.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 12:00 pm

Morgan Stanley analyst Thomas Yeh has maintained an Overweight rating on Cedar Fair (NYSE:FUN) and increased the price target from $50 to $55.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 11:25 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.