Six Flags Entertainment Corporation (NYSE:FUN) Receives $21.50 Consensus Price Target from Analysts

Six Flags Entertainment Corporation (NYSE:FUN) has been given a consensus recommendation of “Hold” by the sixteen research firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $21.50.

Several analysts have issued reports on FUN shares. JPMorgan Chase & Co. reduced their price target on shares of Six Flags Entertainment from $26.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, August 11th. Barclays reduced their target price on Six Flags Entertainment from $26.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Wall Street Zen downgraded Six Flags Entertainment from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Zacks Research cut Six Flags Entertainment from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, August 11th. Finally, Northcoast Research assumed coverage on Six Flags Entertainment in a report on Wednesday, July 8th. They issued a “neutral” rating for the company.

Insiders Place Their Bets

In other news, CEO John Reilly bought 15,713 shares of Six Flags Entertainment stock in a transaction on Wednesday, August 12th. The shares were bought at an average cost of $15.80 per share, for a total transaction of $248,265.40. Following the acquisition, the chief executive officer owned 297,736 shares in the company, valued at approximately $4,704,228.80. This trade represents a 5.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Six Flags Entertainment

Several hedge funds have recently modified their holdings of FUN. BlackRock Inc. purchased a new position in shares of Six Flags Entertainment during the 2nd quarter worth $339,057,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Six Flags Entertainment in the fourth quarter valued at $36,661,000. Kanen Wealth Management LLC acquired a new position in Six Flags Entertainment in the first quarter valued at $15,063,000. Bank of New York Mellon Corp acquired a new position in Six Flags Entertainment in the second quarter valued at $11,975,000. Finally, Clearline Capital LP boosted its stake in Six Flags Entertainment by 2,541.5% in the 4th quarter. Clearline Capital LP now owns 565,495 shares of the company’s stock worth $8,675,000 after buying an additional 544,087 shares during the last quarter. 64.65% of the stock is owned by institutional investors and hedge funds.

Six Flags Entertainment Price Performance

Six Flags Entertainment stock opened at $12.53 on Friday. The firm has a market capitalization of $1.28 billion, a PE ratio of -0.72 and a beta of 0.38. Six Flags Entertainment has a 52 week low of $12.26 and a 52 week high of $27.37. The firm’s 50-day simple moving average is $16.41 and its 200 day simple moving average is $18.44. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 43.34.

About Six Flags Entertainment

Six Flags Entertainment Corporation operates amusement and water parks across the United States, Canada and Mexico. The company’s portfolio includes parks operating under the Six Flags and Cedar Fair brands, as well as well-known destinations such as Cedar Point, Kings Island, Knott’s Berry Farm and Canada’s Wonderland.

Its parks provide roller coasters, family rides, water attractions, seasonal events, live entertainment, dining and retail experiences. The company generates revenue primarily through admission tickets, season passes, memberships, food and beverage sales, merchandise, sponsorships and related hospitality offerings.

Six Flags Entertainment was formed through the merger of Six Flags Entertainment Corporation and Cedar Fair, L.P., which was completed in July 2024.