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

Key Points

• Analyst sentiment is mixed: Six Flags has a consensus “Hold” rating from 16 analysts—seven buys, six holds and three sells—with an average 12-month price target of $21.50.
• Quarterly results missed expectations: The company reported adjusted EPS of $0.14 versus the $0.29 consensus estimate, while revenue of $864.92 million declined 7% year over year and fell short of the $928.36 million forecast.
• Insider and institutional activity was notable: CEO John Reilly purchased 15,713 shares at $15.80 each, while institutional investors own 64.65% of the stock; BlackRock established a new stake worth approximately $339 million.

Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) has earned a consensus rating of "Hold" from the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $21.50.

A number of equities research analysts have recently issued reports on FUN shares. Citigroup reaffirmed a "neutral" rating on shares of Six Flags Entertainment in a report on Friday, August 7th. Oppenheimer lowered their price target on Six Flags Entertainment from $26.00 to $23.00 and set an "outperform" rating on the stock in a research report on Friday, August 7th. Weiss Ratings restated a "sell (e+)" rating on shares of Six Flags Entertainment in a research note on Wednesday, August 12th. Truist Financial cut their price objective on Six Flags Entertainment from $28.00 to $22.00 and set a "buy" rating for the company in a research report on Thursday, September 10th. Finally, Wall Street Zen downgraded Six Flags Entertainment from a "hold" rating to a "sell" rating in a research note on Sunday, July 12th.

Insider Transactions at Six Flags Entertainment

In related news, CEO John Reilly acquired 15,713 shares of Six Flags Entertainment stock in a transaction on Wednesday, August 12th. The stock was purchased at an average cost of $15.80 per share, with a total value of $248,265.40. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, 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 corporate insiders.

Hedge Funds Weigh In On Six Flags Entertainment

Several large investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Six Flags Entertainment during the 2nd quarter worth about $339,057,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Six Flags Entertainment in the 4th quarter valued at about $36,661,000. Invenomic Capital Management LP lifted its position in Six Flags Entertainment by 38.9% during 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 last quarter. ING Groep NV lifted its position in Six Flags Entertainment by 70.7% during 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 last quarter. Finally, Kanen Wealth Management LLC acquired a new stake in Six Flags Entertainment during the first quarter worth approximately $15,063,000. 64.65% of the stock is owned by institutional investors.

Six Flags Entertainment Trading Up 4.2%

NYSE FUN opened at $12.09 on Tuesday. Six Flags Entertainment has a 12 month low of $10.45 and a 12 month high of $27.37. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 43.34. The stock has a 50 day moving average of $14.89 and a 200-day moving average of $18.05. The company has a market cap of $1.24 billion, a PE ratio of -0.70 and a beta of 0.45.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.15). The firm had revenue of $864.92 million for 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 business's revenue was down 7.0% compared to the same quarter last year. During the same period last year, the company posted $0.26 earnings per share. On average, equities research analysts anticipate that Six Flags Entertainment will post -0.91 EPS for the current fiscal year.

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.

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