Six Flags Entertainment Corporation (NYSE:FUN) Stock Has Average Target Price of $16.92 According to Analysts

Key Points

• Analyst sentiment is mixed: Sixteen analysts have an average “Hold” rating, with seven buys, seven holds and two sells. The average 12-month price target is $16.92, though individual targets range from $5 to $23.
• Recent financial results disappointed: Six Flags reported quarterly EPS of $0.14 versus the $0.29 consensus estimate, while revenue of $864.92 million fell short of expectations and declined 7% year over year.
• The stock faces significant uncertainty: FUN opened at $7.44, near its 52-week low, amid negative margins, substantial leverage and multiple law-firm investigations related to safety issues and potential securities-law violations. Planned park investments and new attractions could support future attendance and revenue.

Shares of Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) have received an average rating of "Hold" from the sixteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $16.92.

A number of equities research analysts have recently issued reports on FUN shares. Stifel Nicolaus set a $23.00 target price on shares of Six Flags Entertainment in a research note on Friday, August 7th. Barclays cut their price objective 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. Mizuho set a $5.00 target price on Six Flags Entertainment in a report on Wednesday, October 21st. JPMorgan Chase & Co. decreased their target price on Six Flags Entertainment from $26.00 to $22.00 and set a "neutral" rating for the company in a research report on Tuesday, August 11th. Finally, Zacks Research upgraded Six Flags Entertainment from a "strong sell" rating to a "hold" rating in a report on Monday, October 12th.

Six Flags Entertainment News Summary

Here are the key news stories impacting Six Flags Entertainment this week:

• Positive Sentiment: Six Flags Magic Mountain is expected to receive the ArieForce One roller coaster in 2028. The addition could strengthen the park’s attraction lineup, support attendance and improve future revenue prospects. ArieForce One Roller Coaster Coming To Six Flags Magic Mountain In 2028
• Positive Sentiment: Six Flags Magic Mountain has unveiled an ambitious investment plan, signaling continued spending on park improvements and attractions. Such investments may support customer demand over time, although they could also require substantial capital. Six Flags Magic Mountain unveils ambitious investment plan
• Neutral Sentiment: Six Flags was expected to announce earnings on Thursday. Investors are likely focused on attendance, pricing, seasonal trends, cash flow and management commentary on safety and maintenance spending. Six Flags Entertainment Expected to Announce Earnings
• Negative Sentiment: Bleichmar Fonti & Auld LLP reiterated an investigation into potential securities fraud related to Six Flags’ safety issues following a significant stock drop. The announcement adds litigation and disclosure risk. FUN Investigation Reminder
• Negative Sentiment: Robbins LLP and Pomerantz LLP separately announced investigations into whether Six Flags officers and directors violated securities laws or breached fiduciary duties. Multiple investigations can increase reputational, legal and financial uncertainty for FUN shareholders. Robbins LLP Six Flags Investor Alert Pomerantz Six Flags Investor Alert

Six Flags Entertainment Stock Performance

Shares of FUN opened at $7.44 on Friday. The firm has a market cap of $761.26 million, a price-to-earnings ratio of -0.43 and a beta of 0.45. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 43.34. The business's 50 day moving average is $11.85 and its two-hundred day moving average is $16.92. Six Flags Entertainment has a 52-week low of $6.60 and a 52-week high of $26.28.

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

Insider Transactions at Six Flags Entertainment

In other Six Flags Entertainment news, CEO John Reilly acquired 15,713 shares of the firm's stock in a transaction on Wednesday, August 12th. The stock was purchased at an average price of $15.80 per share, with a total value of $248,265.40. Following the completion of the acquisition, the chief executive officer directly owned 297,736 shares in the company, valued at $4,704,228.80. This trade represents a 5.57% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Six Flags Entertainment in the 2nd quarter worth approximately $339,057,000. Kanen Wealth Management LLC bought a new position in Six Flags Entertainment during the 1st quarter worth $15,063,000. Bank of New York Mellon Corp bought a new position in Six Flags Entertainment during the 2nd quarter worth $11,975,000. Jupiter Topco LLC bought a new position in Six Flags Entertainment during the 2nd quarter worth $10,348,000. Finally, Bank of America Corp DE acquired a new stake in Six Flags Entertainment in the second quarter worth $9,066,000. 64.65% of the stock is currently owned by institutional investors.

About Six Flags Entertainment

Six Flags Entertainment Corporation is a regional theme park operator headquartered in Charlotte, North Carolina. The company owns and operates amusement parks, water parks and resort properties, offering roller coasters, family rides, live entertainment, seasonal events, food and beverage, merchandise, and other guest experiences. Its portfolio includes parks operating under the Six Flags, Cedar Fair and affiliated brand names, including Six Flags Great Adventure, Cedar Point, Knott's Berry Farm and Kings Island.

The company serves guests primarily in the United States, as well as in Canada and Mexico.

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