Six Flags Entertainment Corporation (NYSE:FUN) Stock Has Average Price Target of $21.50 According to Analysts

Six Flags Entertainment Corporation (NYSE:FUN) has received an average recommendation of “Hold” from the sixteen research firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $20.54.

Several analysts have weighed in on the company. Stifel Nicolaus set a $23.00 price objective on Six Flags Entertainment in a research report on Friday, August 7th. Citigroup cut their target price on shares of Six Flags Entertainment from $17.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, October 8th. Zacks Research downgraded shares of Six Flags Entertainment from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, August 11th. The Goldman Sachs Group set a $15.00 target price on shares of Six Flags Entertainment in a research note on Friday, August 7th. Finally, Citizens Jmp lowered their price target on shares of Six Flags Entertainment from $29.00 to $24.00 and set a “market outperform” rating for the company in a report on Friday, August 7th.

Six Flags Entertainment Stock Up 4.2%

FUN opened at $11.89 on Tuesday. The company has a market cap of $1.22 billion, a P/E ratio of -0.69 and a beta of 0.45. The business’s 50-day moving average price is $14.26 and its 200-day moving average price is $17.86. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 43.34. Six Flags Entertainment has a 12 month low of $10.45 and a 12 month high of $27.37.

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

Insider Transactions at Six Flags Entertainment

In other news, CEO John Reilly purchased 15,713 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were acquired at an average price of $15.80 per share, with a total value of $248,265.40. Following the acquisition, the chief executive officer directly owned 297,736 shares in the company, valued at approximately $4,704,228.80. The trade was a 5.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is currently owned by company insiders.

Institutional Trading of Six Flags Entertainment

A number of institutional investors have recently modified their holdings of FUN. BlackRock Inc. purchased a new position in shares of Six Flags Entertainment during the second quarter valued at approximately $339,057,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Six Flags Entertainment in the fourth quarter worth $36,661,000. Invenomic Capital Management LP lifted its stake 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 acquiring an additional 402,329 shares during the period. ING Groep NV lifted its stake in Six Flags Entertainment by 70.7% in the fourth quarter. ING Groep NV now owns 1,046,000 shares of the company’s stock worth $16,046,000 after acquiring an additional 433,100 shares during the period. Finally, Kanen Wealth Management LLC bought a new stake in Six Flags Entertainment in the first quarter valued at $15,063,000. 64.65% of the stock is currently owned by hedge funds and other institutional investors.

Six Flags Entertainment Company Profile

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.