NYSE:SIX

Six Flags Entertainment (SIX)

32.00
-0.00 (0.00%)
as of Jul 1, 2024, 12:00:00 am Market Open.
5 watching
0
Investor Insights
star iconJul 31, 2026, 12:00 am

This summary was created by AI, based on 1 opinions in the last 12 months.

Six Flags Entertainment has faced a multitude of challenges in recent months, severely impacting its operations and financial outlook. The summer season saw a significant negative effect on attendance and season pass sales due to adverse weather conditions, including extreme heat that resulted in park shutdowns. Additionally, ongoing inflation is placing financial strain on lower-income consumers, a demographic upon which SIX heavily relies. The much-anticipated new ride, Siren's Curse, has also disappointed by experiencing repeated breakdowns last summer. Other concerns include disappointing attendance figures, down 9% year over year in Q2, and an unfavorable balance sheet highlighted by a staggering leverage ratio of 6.3, indicating substantial financial risk.

consensus icon
Consensus
Negative
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Valuation
Overvalued
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Similar
CedarFair, FUN
DON'T BUY

Everything has gone wrong. Bad weather, including brutal heatwaves, led to park shutdowns in the summer which hurt seasonal pass sales. SIX depends on lower-income consumers, who are struggling with inflation these days. The new ride, Siren's Curse, their crown jewel broke down many times last summer. The merger with Cedar Fair hasn't boosted attendance, which is -9% year over year in Q2. SIX has delivered brutal quarters. They have a terrible balance sheet, with a 6.3 leverage ratio (3 is high).

DON'T BUY
The biggest public amusement park operator apart from Disney. He suspects this will under-perform. He does not think this will perform well despite analysts' expectations as we are heading into a recession. (Analysts’ price target is $58.00)
WAIT
Interesting name. Ordinarily you would look at this as an early or mid-cycle, not late-cycle, however employment is so strong right now. You want to see robust consumer spending, jobs growth in the U.S. is fantastic and robust. You want to make sure 2019 is panning out OK before stepping in consumer spending stocks like this one.
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Six Flags Entertainment (SIX) Frequently Asked Questions

What is Six Flags Entertainment stock symbol?

Six Flags Entertainment is a American stock, trading under the symbol SIX (previously SIX-N on Stockchase) on the New York Stock Exchange (SIX). It is usually referred to as NYSE:SIX or SIX

Is Six Flags Entertainment a buy or a sell?

In the last year, 1 stock analyst issued a Buy, Sell, or Hold rating on SIX (previously SIX-N on Stockchase). 0 analysts recommended to BUY and 1 analyst recommended to SELL the stock. The latest stock analyst rating is DON'T BUY. Read the latest stock experts' ratings for Six Flags Entertainment.

Is Six Flags Entertainment a good investment or a top pick?

Six Flags Entertainment was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Six Flags Entertainment.

Why is Six Flags Entertainment stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Six Flags Entertainment.

Is Six Flags Entertainment worth watching?

Six Flags Entertainment is covered by Stockchase experts and is worth watching.

What is Six Flags Entertainment stock price?

On 2024-07-01, Six Flags Entertainment (SIX) stock closed at a price of $32.00.