Six Flags Entertainment Corporation (NYSE:FUN) Stock Has Consensus Price Target of $21.50

Shares of Six Flags Entertainment Corporation (NYSE:FUN) have been assigned a consensus rating of “Hold” from the sixteen ratings firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $20.54.

A number of equities research analysts have commented on FUN shares. Zacks Research lowered shares of Six Flags Entertainment from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. dropped their target price on shares of Six Flags Entertainment from $26.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. Stifel Nicolaus set a $23.00 target price on shares of Six Flags Entertainment in a research report on Friday, August 7th. Citigroup decreased their price target on shares of Six Flags Entertainment from $17.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, UBS Group raised their price target on shares of Six Flags Entertainment from $27.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, June 11th.

Insider Transactions at Six Flags Entertainment

In other news, CEO John Reilly acquired 15,713 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were purchased at an average cost of $15.80 per share, for a total transaction of $248,265.40. Following the transaction, the chief executive officer owned 297,736 shares of the company’s stock, valued at approximately $4,704,228.80. This represents a 5.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Six Flags Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in FUN. BlackRock Inc. acquired a new position in shares of Six Flags Entertainment during the second quarter valued at $339,057,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Six Flags Entertainment in the fourth quarter worth about $36,661,000. Invenomic Capital Management LP increased its position in Six Flags Entertainment by 38.9% in the fourth quarter. Invenomic Capital Management LP now owns 1,436,617 shares of the company’s stock worth $22,038,000 after purchasing an additional 402,329 shares during the period. ING Groep NV raised its holdings in Six Flags Entertainment by 70.7% during the 4th quarter. ING Groep NV now owns 1,046,000 shares of the company’s stock worth $16,046,000 after purchasing an additional 433,100 shares during the last quarter. Finally, Kanen Wealth Management LLC bought a new stake in Six Flags Entertainment during the 1st quarter worth about $15,063,000. 64.65% of the stock is owned by institutional investors and hedge funds.

Six Flags Entertainment Price Performance

Six Flags Entertainment stock opened at $11.39 on Tuesday. The company has a debt-to-equity ratio of 43.34, a quick ratio of 0.36 and a current ratio of 0.42. The firm has a market cap of $1.17 billion, a P/E ratio of -0.66 and a beta of 0.45. The business’s fifty day moving average is $14.50 and its two-hundred day moving average is $17.93. Six Flags Entertainment has a 52 week low of $10.45 and a 52 week high of $27.37.

Six Flags Entertainment (NYSE:FUN) last announced its earnings results on Thursday, August 6th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.15). Six Flags Entertainment had a positive return on equity of 7.43% and a negative net margin of 57.25%.The business had revenue of $864.92 million for the quarter, compared to the consensus estimate of $928.36 million. During the same quarter in the previous year, the company posted $0.26 EPS. Six Flags Entertainment’s revenue for the quarter was down 7.0% on a year-over-year basis. Equities research analysts forecast that Six Flags Entertainment will post -0.91 earnings per share for the current fiscal year.

About Six Flags Entertainment

Six Flags Entertainment Corporation operates amusement parks, water parks and resort properties across the United States, Canada and Mexico. Its portfolio offers roller coasters, family rides, water attractions, live entertainment, themed events, dining, retail and other guest experiences.

The company was formed through the 2024 merger of Six Flags Entertainment Corporation and Cedar Fair, L.P., combining the Six Flags and Cedar Fair park portfolios. Its properties include Six Flags-branded parks as well as parks operating under established regional brands such as Cedar Point, Kings Island, Knott’s Berry Farm and Canada’s Wonderland.

Six Flags serves vacationers, families and regional visitors through admission tickets, season passes, memberships, food and merchandise sales, and accommodations at select destinations.