Six Flags Entertainment - SIX Stock Forecast, Price & News

Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company also sells food, beverages, merchandise, and other products and services within its parks. As of February 28, 2022, the company operated 27 parks in the United States, Mexico, and Canada. The company was formerly known as Six Flags, Inc. and changed its name to Six Flags Entertainment Corporation in April 2010. Six Flags Entertainment Corporation was founded in 1961 and is based in Arlington, Texas.

Six Flags Entertainment Stock Performance

Shares of NYSE:SIX traded up $3.03 during mid-day trading on Friday, reaching $24.15. The company's stock had a trading volume of 570,681 shares, compared to its average volume of 3,486,165. The stock has a 50-day moving average of $23.32 and a two-hundred day moving average of $33.50. The stock has a market capitalization of $2.09 billion, a P/E ratio of 12.89 and a beta of 2.20. Six Flags Entertainment has a 1-year low of $19.80 and a 1-year high of $47.24.

Six Flags Entertainment (NYSE:SIX - Get Rating) last announced its quarterly earnings data on Thursday, August 11th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by ($0.48). The firm had revenue of $435.40 million during the quarter, compared to analysts' expectations of $518.50 million. Six Flags Entertainment had a net margin of 10.31% and a negative return on equity of 15.34%. The company's revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 EPS. Analysts predict that Six Flags Entertainment will post 2.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on SIX. Truist Financial dropped their target price on shares of Six Flags Entertainment from $32.00 to $20.00 and set a "hold" rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Six Flags Entertainment from $56.00 to $38.00 in a report on Friday. Stifel Nicolaus decreased their target price on shares of Six Flags Entertainment from $35.00 to $28.00 and set a "buy" rating for the company in a research note on Friday. KeyCorp cut shares of Six Flags Entertainment from an "overweight" rating to a "sector weight" rating in a research note on Friday. Finally, Rosenblatt Securities decreased their target price on shares of Six Flags Entertainment from $56.00 to $28.00 and set a "buy" rating for the company in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $33.20.

Insiders Place Their Bets

In other Six Flags Entertainment news, CFO Gary Mick purchased 1,325 shares of Six Flags Entertainment stock in a transaction dated Wednesday, June 15th. The shares were acquired at an average price of $23.82 per share, with a total value of $31,561.50. Following the completion of the transaction, the chief financial officer now owns 30,000 shares of the company's stock, valued at $714,600. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Six Flags Entertainment news, CFO Gary Mick purchased 1,325 shares of Six Flags Entertainment stock in a transaction dated Wednesday, June 15th. The shares were acquired at an average price of $23.82 per share, with a total value of $31,561.50. Following the completion of the transaction, the chief financial officer now owns 30,000 shares of the company's stock, valued at $714,600. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Arik W. Ruchim purchased 70,000 shares of Six Flags Entertainment stock in a transaction dated Monday, May 16th. The shares were acquired at an average cost of $28.66 per share, for a total transaction of $2,006,200.00. Following the transaction, the director now directly owns 9,200,000 shares of the company's stock, valued at approximately $263,672,000. The disclosure for this purchase can be found here. Insiders purchased a total of 348,325 shares of company stock valued at $10,040,612 over the last 90 days. 0.41% of the stock is owned by company insiders.