Brokerages Set Six Flags Entertainment Corporation (NYSE:FUN) Target Price at $21.50

Shares of Six Flags Entertainment Corporation (NYSE:FUN) have been assigned a consensus recommendation of “Hold” from the sixteen research firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $21.50.

Several research firms recently weighed in on FUN. Oppenheimer dropped their price target on Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, August 7th. JPMorgan Chase & Co. lowered their price objective on Six Flags Entertainment from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. Guggenheim dropped their target price on Six Flags Entertainment from $33.00 to $28.00 and set a “buy” rating for the company in a report on Friday, July 24th. Stifel Nicolaus set a $23.00 target price on Six Flags Entertainment in a report on Friday, August 7th. Finally, The Goldman Sachs Group set a $15.00 target price on shares of Six Flags Entertainment in a research report on Friday, August 7th.

Insiders Place Their Bets

In other Six Flags Entertainment news, CEO John Reilly acquired 15,713 shares of the business’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 acquisition, the chief executive officer directly owned 297,736 shares of the company’s stock, valued at approximately $4,704,228.80. This trade represents a 5.57% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Six Flags Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its position in Six Flags Entertainment by 26.1% during the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company’s stock worth $86,000 after buying an additional 586 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Six Flags Entertainment by 259.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $30,000 after acquiring an additional 722 shares in the last quarter. Invesco Ltd. raised its holdings in Six Flags Entertainment by 2.5% in the 2nd quarter. Invesco Ltd. now owns 236,798 shares of the company’s stock valued at $7,206,000 after acquiring an additional 5,775 shares in the last quarter. State Street Corp lifted its position in shares of Six Flags Entertainment by 0.8% during the 2nd quarter. State Street Corp now owns 3,465,487 shares of the company’s stock valued at $105,455,000 after acquiring an additional 27,848 shares during the period. Finally, Qube Research & Technologies Ltd lifted its position in shares of Six Flags Entertainment by 249.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 651,844 shares of the company’s stock valued at $19,836,000 after acquiring an additional 465,572 shares during the period. 64.65% of the stock is currently owned by institutional investors and hedge funds.

Six Flags Entertainment Trading Up 0.4%

Shares of NYSE:FUN opened at $13.17 on Friday. Six Flags Entertainment has a 12-month low of $12.51 and a 12-month high of $27.37. The stock has a market cap of $1.35 billion, a PE ratio of -0.76 and a beta of 0.38. The business has a 50 day moving average of $16.91 and a 200-day moving average of $18.56. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 43.34.

About Six Flags Entertainment

Six Flags Entertainment Corporation operates amusement and water parks across the United States, Canada and Mexico. The company’s portfolio includes parks operating under the Six Flags and Cedar Fair brands, as well as well-known destinations such as Cedar Point, Kings Island, Knott’s Berry Farm and Canada’s Wonderland.

Its parks provide roller coasters, family rides, water attractions, seasonal events, live entertainment, dining and retail experiences. The company generates revenue primarily through admission tickets, season passes, memberships, food and beverage sales, merchandise, sponsorships and related hospitality offerings.

Six Flags Entertainment was formed through the merger of Six Flags Entertainment Corporation and Cedar Fair, L.P., which was completed in July 2024.