Six Flags Entertainment (NYSE:FUN) Given New $24.00 Price Target at Citizens Jmp

Key Points

• Citizens Jmp lowered Six Flags Entertainment’s price target to $24 from $29 while maintaining a “market outperform” rating, implying 53.75% upside from the stock’s previous close. The analyst consensus remains “Hold,” with an average target of $23.14.
• Six Flags’ latest quarterly results missed expectations: EPS was $0.14 versus a $0.37 consensus estimate, while revenue totaled $864.9 million compared with forecasts of $928.4 million. The company reported a negative net margin of 52.76%.
• Insiders and institutional investors have continued buying shares, including a 125,000-share purchase by director Rehan Jaffer. Institutional investors and hedge funds own approximately 64.65% of the stock, while insiders own 2.10%.

Six Flags Entertainment (NYSE:FUN - Get Free Report) had its price target dropped by stock analysts at Citizens Jmp from $29.00 to $24.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "market outperform" rating on the stock. Citizens Jmp's target price suggests a potential upside of 53.75% from the stock's previous close.

Other analysts have also recently issued research reports about the company. Weiss Ratings cut Six Flags Entertainment from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Friday, May 15th. Guggenheim dropped their target price on Six Flags Entertainment from $33.00 to $28.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. Northcoast Research initiated coverage on Six Flags Entertainment in a research note on Wednesday, July 8th. They set a "neutral" rating for the company. Mizuho set a $10.00 price target on Six Flags Entertainment and gave the company an "underperform" rating in a report on Friday. Finally, UBS Group boosted their price target on Six Flags Entertainment from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $23.14.

Six Flags Entertainment Stock Down 0.9%

FUN stock traded down $0.14 during midday trading on Friday, reaching $15.61. The company had a trading volume of 1,256,026 shares, compared to its average volume of 2,176,234. The company has a 50 day moving average of $20.32 and a two-hundred day moving average of $18.87. The company has a market capitalization of $1.60 billion, a P/E ratio of -0.96 and a beta of 0.40. Six Flags Entertainment has a 1 year low of $12.51 and a 1 year high of $27.37. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 19.13.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.23). Six Flags Entertainment had a negative net margin of 52.76% and a positive return on equity of 5.17%. The company had revenue of $864.92 million for the quarter, compared to analysts' expectations of $928.36 million. On average, equities research analysts expect that Six Flags Entertainment will post -0.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Rehan Jaffer purchased 125,000 shares of the firm's stock in a transaction dated Monday, June 15th. The stock was bought at an average price of $23.41 per share, for a total transaction of $2,926,250.00. Following the purchase, the director owned 4,900,000 shares in the company, valued at $114,709,000. The trade was a 2.62% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Richard M. Haddrill acquired 10,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were bought at an average cost of $19.08 per share, for a total transaction of $190,800.00. Following the acquisition, the insider owned 230,117 shares in the company, valued at $4,390,632.36. The trade was a 4.54% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 265,000 shares of company stock valued at $6,173,850 over the last three months. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Six Flags Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp acquired a new position in Six Flags Entertainment during the second quarter valued at approximately $11,975,000. State of Wyoming bought a new position in shares of Six Flags Entertainment in the second quarter valued at approximately $562,000. Wedge Capital Management L L P NC lifted its stake in shares of Six Flags Entertainment by 69.8% in the second quarter. Wedge Capital Management L L P NC now owns 56,501 shares of the company's stock worth $1,203,000 after buying an additional 23,223 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Six Flags Entertainment by 17.2% in the second quarter. Handelsbanken Fonder AB now owns 27,900 shares of the company's stock worth $594,000 after buying an additional 4,100 shares during the last quarter. Finally, Kanen Wealth Management LLC bought a new stake in shares of Six Flags Entertainment during the 1st quarter worth $15,063,000. 64.65% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Six Flags Entertainment

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

• Positive Sentiment: Management outlined a long-term goal of achieving adjusted EBITDA margins in the mid-30% range while reducing leverage to approximately 4x, suggesting potential for improved cash flow and a stronger balance sheet. Six Flags targets mid-30% adjusted EBITDA margins over time while reducing leverage toward approximately 4x
• Positive Sentiment: Six Flags launched 2027 season-pass sales with unlimited visits, free parking and other benefits. Early pass sales could improve revenue visibility and customer retention, though the promotional pricing may limit near-term revenue per guest. Six Flags launches 2027 season-pass sales
• Positive Sentiment: Six Flags Great America announced Camp Timber Trail, a new nine-attraction family area scheduled to open in 2027. The investment is intended to support attendance and spending across future seasons. Six Flags Great America announces Camp Timber Trail
• Neutral Sentiment: Analysts’ average price target indicates substantial potential upside, but price targets are forward-looking and do not offset the company’s latest earnings shortfall or elevated leverage concerns. Six Flags analyst price targets
• Negative Sentiment: Second-quarter results missed expectations: earnings per share were $0.14 versus a $0.37 consensus estimate, while revenue of $864.9 million fell short of the $928.4 million forecast. The disappointing results, along with the company’s negative net margin, are the primary drivers of the selling pressure. Six Flags reports 2026 second-quarter results

About Six Flags Entertainment

Six Flags Entertainment Corporation is a publicly traded regional theme park operator based in Arlington, Texas. The company develops, owns and operates amusement and water parks, offering a diverse portfolio of thrill rides, family attractions, live entertainment, food and beverage offerings, and retail merchandise. Its main revenue streams include single-day tickets, season passes, on-site accommodations, in-park retail sales, and food and beverage services.

Founded in 1961 by Angus G.

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