Six Flags Entertainment Co. (NYSE:SIX) Receives $28.31 Average Price Target from Analysts

Shares of Six Flags Entertainment Co. (NYSE:SIX) have received a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $28.31.

Several equities research analysts have weighed in on the company. Citigroup upped their target price on Six Flags Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Truist Financial upped their target price on Six Flags Entertainment from $23.00 to $24.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. StockNews.com assumed coverage on Six Flags Entertainment in a report on Sunday. They issued a “hold” rating for the company. Finally, B. Riley upgraded Six Flags Entertainment from a “neutral” rating to a “buy” rating and upped their target price for the stock from $30.00 to $31.00 in a report on Thursday.

Six Flags Entertainment Price Performance

Shares of SIX opened at $23.45 on Friday. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 50.98 and a beta of 2.20. Six Flags Entertainment has a 1 year low of $18.29 and a 1 year high of $28.99. The business’s 50 day simple moving average is $25.23 and its 200-day simple moving average is $24.20.

Six Flags Entertainment (NYSE:SIX) last released its earnings results on Thursday, February 29th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.18). The company had revenue of $292.55 million for the quarter, compared to the consensus estimate of $298.42 million. Six Flags Entertainment had a net margin of 2.73% and a negative return on equity of 7.31%. On average, sell-side analysts expect that Six Flags Entertainment will post 1.79 earnings per share for the current year.

Hedge Funds Weigh In On Six Flags Entertainment

A number of institutional investors have recently added to or reduced their stakes in SIX. Penn Capital Management Company LLC increased its stake in Six Flags Entertainment by 0.7% during the first quarter. Penn Capital Management Company LLC now owns 60,218 shares of the company’s stock worth $2,645,000 after acquiring an additional 425 shares during the last quarter. Captrust Financial Advisors increased its stake in Six Flags Entertainment by 34.0% during the second quarter. Captrust Financial Advisors now owns 1,685 shares of the company’s stock worth $37,000 after acquiring an additional 428 shares during the last quarter. Cerity Partners LLC increased its stake in Six Flags Entertainment by 3.0% during the second quarter. Cerity Partners LLC now owns 15,954 shares of the company’s stock worth $414,000 after acquiring an additional 468 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in Six Flags Entertainment by 64.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,425 shares of the company’s stock worth $33,000 after acquiring an additional 559 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in Six Flags Entertainment by 1.2% during the fourth quarter. First Trust Advisors LP now owns 48,400 shares of the company’s stock worth $1,214,000 after acquiring an additional 596 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

About Six Flags Entertainment

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 sells food, beverages, merchandise, and other products and services within its parks.