Is Six Flags a good stock to buy?

Six Flags has a conensus rating of Moderate Buy which is based on 4 buy ratings, 4 hold ratings and 1 sell ratings. The average price target for Six Flags is $27.00. This is based on 9 Wall Streets Analysts 12-month price targets, issued in the past 3 months.



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Total revenue for full year 2022 decreased $139 million , or 9%, compared to 2021, driven by lower attendance, partially offset by higher guest spending per capita. The lower attendance was driven by an increase in ticket prices and the elimination of free tickets and heavily-discounted pass products.

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Six Flags Entertainment Company has reported its financial results for the fourth quarter of 2022 and the full year, revealing a decline in revenue due to lower attendance. For the fourth quarter of last year, Six Flags reported revenue of $280 million, net income of $13m, and record adjusted EBITDA of $99m.

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Balance Sheet and Capital Allocation As of January 1, 2023, the company had total reported debt of $2,381 million , and cash or cash equivalents of $80 million .

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But, these numbers are all positive, so why is Six Flags losing money? It's because attendance is dropping faster than revenue is rising. In 2021, Six Flags' total attendance was 27.7 million, but that fell by 26% to 20.4 million. Sure, guests are starting to spend more, but it's not enough to make up for the decline.

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In 1995, in an effort to reduce its debt load, Time Warner sold 51% of Six Flags for $200 million in cash to an investment group led by Boston Ventures, shifting $800 million in debt to Six Flags.

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Wynne, Jr. in 1961, upon the opening of Six Flags Over Texas. Six Flags Theme Parks is a fully-owned subsidiary of Six Flags Entertainment Corporation (formerly Premier Parks), who purchased the company from Time Warner in 1998.

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Image: Six FlagsSix Flags Magic Mountain “wins” the title of most expensive Six Flags property. The Valencia theme park is still only the third most expensive in the greater Los Angeles area, though.

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Six Flags sued by California man after fire on Mr. Freeze ride traps riders in their seats. In April 2022, seven people were treated after an electrical malfunction caused smoke inside the Mr.

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A Storm Ends the Fun for Six Flags In 1992, Hurricane Andrew pummeled South Florida and the water park closed for good. Efforts to relocate the park to other areas in Florida failed as well. These days, Six Flags fans living in Florida have to drive north to Georgia to find the nearest park.

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Six flags over Texas is the slogan used to describe the six sovereign countries that have had control over some or all of the current territory of the U.S. state of Texas: Spain (1519–1685; 1690–1821), France (1685–1690), Mexico (1821–1836), the Republic of Texas (1836–1845), the United States (1845–1861; 1865– ...

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The park opened on August 5, 1961, after a year of construction and an initial investment of US$10 million by real estate developer Angus G. Wynne Jr. Arlington, Texas, U.S. The park is managed by the Six Flags Entertainment Corp., which owns a 54% interest of the Texas Limited Partnership that owns the park.

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