Six Flags Entertainment (NYSE:FUN) Stock Price Up 5.2% Following Analyst Upgrade

Six Flags Entertainment Corporation (NYSE:FUN)’s share price rose 5.2% during trading on Monday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The company traded as high as $11.95 and last traded at $12.00. 539,693 shares were traded during trading, a decline of 76% from the average daily volume of 2,211,618 shares. The stock had previously closed at $11.41.

Other analysts have also issued research reports about the company. Stifel Nicolaus set a $23.00 price objective on Six Flags Entertainment in a research note on Friday, August 7th. The Goldman Sachs Group set a $15.00 target price on Six Flags Entertainment in a research note on Friday, August 7th. Barclays decreased their target price on Six Flags Entertainment from $26.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Oppenheimer decreased their target price on Six Flags Entertainment from $26.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Finally, Truist Financial dropped their price target on Six Flags Entertainment from $28.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, September 10th. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Six Flags Entertainment presently has a consensus rating of “Hold” and a consensus target price of $20.54.

Insider Activity

In related news, CEO John Reilly bought 15,713 shares of Six Flags Entertainment stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average price of $15.80 per share, with a total value of $248,265.40. Following the acquisition, the chief executive officer owned 297,736 shares of the company’s stock, valued at approximately $4,704,228.80. This represents a 5.57% increase in their position. The purchase 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. Corporate insiders own 2.10% of the company’s stock.

Six Flags Entertainment News Roundup

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

• Negative Sentiment: One person reportedly died and several others were injured in the Georgia incident. The tragedy is likely to increase scrutiny of Six Flags’ maintenance, inspection and operating practices. Six Flags shares plunge after-hours following report of deadly roller coaster incident
• Negative Sentiment: Six Flags temporarily shut nine rides across six parks in the United States and Canada, including similar attractions, while investigations and safety reviews proceed. The closures could reduce attendance, revenue and profitability, particularly if they persist. Six Flags Closes Several Rides After Georgia Roller-Coaster Death
• Negative Sentiment: Investors are concerned that the accident could derail Six Flags’ turnaround efforts after its merger-related struggles, while creating additional litigation, insurance and compliance costs. The company’s limited liquidity and elevated leverage could make it harder to absorb prolonged disruptions. Goliath Roller-Coaster Death Casts Long Shadow Over Six Flags’ Turnaround Hopes
• Negative Sentiment: A shareholder law firm announced a pending investigation into potential claims on behalf of investors who suffered losses. Although the notice does not establish wrongdoing, it increases headline and legal risk. Six Flags Entertainment Investigation Notice
• Negative Sentiment: Unusually heavy put-option activity indicates increased bearish positioning and concern about further volatility. Shares were trading near their 52-week low, intensifying pressure on management to clarify the incident, ride closures and financial impact.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FUN. Atlas Wealth LLC acquired a new position in shares of Six Flags Entertainment in the first quarter valued at approximately $26,000. Integrated Wealth Concepts LLC bought a new position in shares of Six Flags Entertainment during the second quarter worth approximately $31,000. Allworth Financial LP acquired a new stake in Six Flags Entertainment during the 2nd quarter worth approximately $35,000. Public Employees Retirement System of Ohio lifted its holdings in Six Flags Entertainment by 36.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 2,031 shares of the company’s stock worth $36,000 after purchasing an additional 539 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Six Flags Entertainment during the 2nd quarter worth approximately $54,000. 64.65% of the stock is owned by institutional investors.

Six Flags Entertainment Price Performance

The company has a 50 day moving average of $14.10 and a 200-day moving average of $17.81. The firm has a market capitalization of $1.04 billion, a P/E ratio of -0.59 and a beta of 0.45. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 43.34.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.15). The firm had revenue of $864.92 million during the quarter, compared to analyst estimates of $928.36 million. Six Flags Entertainment had a negative net margin of 57.25% and a positive return on equity of 7.43%. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 earnings per share. On average, sell-side analysts predict that Six Flags Entertainment Corporation will post -0.91 EPS for the current 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.