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 Trading Up 13.9 %

NYSE:SIX opened at $24.05 on Friday. The company has a 50-day moving average of $23.21 and a 200-day moving average of $33.40. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 15.52 and a beta of 2.20. Six Flags Entertainment has a twelve month low of $19.80 and a twelve month high of $47.24.

Six Flags Entertainment (NYSE:SIX - Get Rating) last issued its earnings results on Thursday, August 11th. The company reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by ($0.48). The business had revenue of $435.40 million for the quarter, compared to the consensus estimate of $518.50 million. Six Flags Entertainment had a negative return on equity of 14.53% and a net margin of 8.83%. The company's quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.81 earnings per share. On average, research analysts forecast that Six Flags Entertainment will post 2.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Six Flags Entertainment from $56.00 to $38.00 in a research note on Friday. KeyCorp lowered Six Flags Entertainment from an "overweight" rating to a "sector weight" rating in a report on Friday. Oppenheimer cut their target price on Six Flags Entertainment from $54.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, August 8th. Stifel Nicolaus decreased their price target on Six Flags Entertainment from $35.00 to $28.00 and set a "buy" rating for the company in a research note on Friday. Finally, Citigroup cut shares of Six Flags Entertainment from a "buy" rating to a "neutral" rating and cut their price objective for the company from $41.00 to $26.00 in a research note on Friday, July 8th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $33.20.

Insider Transactions at Six Flags Entertainment

In related news, major shareholder Rehan Jaffer purchased 150,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 17th. The stock was acquired at an average price of $28.32 per share, for a total transaction of $4,248,000.00. Following the transaction, the insider now directly owns 9,350,000 shares of the company's stock, valued at approximately $264,792,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Six Flags Entertainment news, CFO Gary Mick purchased 1,000 shares of the company's stock in a transaction that occurred on Friday, June 10th. The shares were purchased at an average cost of $27.01 per share, with a total value of $27,010.00. Following the completion of the transaction, the chief financial officer now owns 26,675 shares of the company's stock, valued at $720,491.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Rehan Jaffer acquired 150,000 shares of the firm's stock in a transaction on Tuesday, May 17th. The shares were acquired at an average price of $28.32 per share, with a total value of $4,248,000.00. Following the completion of the transaction, the insider now directly owns 9,350,000 shares in the company, valued at approximately $264,792,000. 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 in the last three months. 0.41% of the stock is currently owned by corporate insiders.