Six Flags Entertainment Corporation (SIX)

STAMFORD, Conn.--(BUSINESS WIRE)--Today, Land & Buildings Investment Management, LLC (together with its affiliates, “Land & Buildings,” “L&B,” “us” or “we”), a substantial shareholder of Six Flags Entertainment Corporation (NYSE: FUN) (“Six Flags,” “FUN” or the “Company”), issued a public letter to the Company's shareholders detailing how Six Flags could unlock substantial value by executing a strategy to monetize its real estate while driving an operational turnaround. The full let.

UBS lowered the firm's price target on Six Flags to $34 from $40 and keeps a Buy rating on the shares. Six Flags showed "disappointing" expense management in the quarter, as well as significant cost deleveraging, addition of operating days, and pull-forward of marketing expense that was less than optimal in a quarter significantly impacted by weather, the analyst tells investors in a research note. UBS does not see the fundamentals of the thesis broken, but believes the recovery timeline has now shifted out to '27-'28E, from '26E previously.

Accesso Technology Group PLC (LSE:ACSO, OTC:LOQPF) told investors it has sealed a five-year extension to its contract with Six Flags Entertainment Corporation. The new agreement, beginning on 1 January 2026, sees the continued the use of the accesso Passport eCommerce ticketing platform across all 42 of Six Flags' theme and water parks in North America.

Six Flags' merger with Cedar Fair creates significant network effects and growth opportunities, especially with the All Park Passport membership program, but many investors have concerns. I project that attendance and financials will recover over time, but the company does not have much financial flexibility in the short term due to high debt post-merger. My DCF model shows Six Flags is about 25% undervalued, offering a compelling entry point for long-term investors willing to ride out short-term volatility.

The park's fate was revealed after a recent investors' meeting.

Initiate BUY on Six Flags — the market has overreacted to temporary attendance and cost issues, underestimating recovery potential post-Cedar Fair merger. FUN's scalable business model, passholder growth, and targeted park investments position it for a robust attendance and revenue rebound by 2028. Aggressive cost optimization and merger synergies will drive EBITDA margin recovery, with management targeting 40% margin by 2028.

Six Flags Entertainment Corporation's merger with Cedar Fair made it the largest regional amusement park operator, but shares have dropped due to high debt and weak fundamentals. Seasonality and macro headwinds like inflation and weather have hurt visitation and cash flow, with negative free cash flow post-merger and rising debt levels. Despite scale, Six Flags trades at a fair value relative to peers, with no clear bargain at current prices; EV/EBITDA suggests a price target near $28-$30.

CALIFORNIA — With summer around the corner, the weather is warming up, schools are almost out and water parks are opening in California. Some parks, in fact, have already opened for the summer season. Whether your kids like thrilling water slides or relaxing lazy rivers, here are some of the best water parks for families in the Golden State. Hurricane Harbor Concord is celebrating its 30th anniversary. Billed as Northern California's biggest water park, Hurricane Harbor Concord is slated to open May 17 for the summer season. The 30-acre park features more than 35 water attractions, including the area's longest lazy river at 1,100 feet long, as well as the region's largest wave pool. The park is located at 1950 Waterworld Parkway in Concord. Hurricane Harbor Los Angeles was the first of Six Flags' Hurricane Harbor parks. The park opened June 16, 1995, meaning it will also celebrate its 30th anniversary this summer. The park, located adjacent to Six Flags Magic Mountain, is slated to open May 24 and run through Labor Day. For this milestone season, the park underwent a multimillion-dollar transformation. While there are no new attractions, it will feel like a brand-new park, a park spokesperson told Patch. Hurricane Harbor LA has been reimagined as a tropical island village. Improvements include repainting, slide restoration, new landscaping, more cabanas, refreshed restrooms, new food and drink options, and more. Hurricane Harbor LA boasts more than 1.5 million gallons of water across 25 acres, including three dozen slides and attractions. The park features two of the tallest fully-enclosed speed slides on the West Coast, a 1,300-foot river cruise, a wave pool, an interactive lagoon and two children's splash and play areas. The park is located at 26101 Magic Mountain Parkway in Valencia. Knott's Soak City will soon be open for its 25th season. The water park, located adjacent to Knott's Berry Farm in Buena Park, is slated to open May 17 and run on select dates through Sept. 7. The 15-acre park boasts 23 water speed, tube and body slides, a 750,000-gallon wave pool, a family raft ride, a one-third-mile lazy river, and a three-story Beach House, featuring 200 water guns, nozzles, sprayers and more. The park is located at 8200 Beach Blvd. in Buena Park. Legoland California Water Park kicked off summer early as the park has been open since March 28. The water park is located inside Legoland California Resort. The park features seven slides, sandy beaches and a build-a-raft river. The park is located at 1 Legoland Drive in Carlsbad. Sesame Place San Diego is the only theme park on the West Coast based entirely on the award-winning children's show, "Sesame Street." Located in Chula Vista, the water park opened May 10. The 17-acre theme park features 18 themed rides and water attractions, including a family-friendly rollercoaster and a 500,000-gallon wave pool, which is one of the largest in Southern California. The park also features an an interactive "Sesame Street" neighborhood, live character shows, a musical play area, a parade and photo opportunities with characters. It was also the first theme park in the San Diego region to be designated as a Certified Autism Center in 2022. The park is located at 2052 Entertainment Circle in Chula Vista. Raging Waters is California's largest water park. Located in San Dimas, the water park will be open May 17 through Sept. 28. The 60-acre Southern California water park has more than 50 rides, slides and attractions. There's a wide variety of tube and body slides, a one-million-gallon wave pool, a 30,000-square-foot water playground, and a lazy river. The park has an all-new Mexican restaurant, Señor Solis, offering a variety of options including tacos, burritos and bowls. Raging Waters has also continued its park-wide enhancement project, which launched in 2024, to improve the guest experience with new lockers, more shading, eco-conscious and water-saving turf and more for this summer season. The park is located at 11 Raging Waters Drive in San Dimas. South Bay Shores is located at California's Great America amusement park in Santa Clara. The park is slated to open May 24 and is included with admission to the theme park. South Bay Shores features extreme water slides like the six-story drop on Pacific Surge to the relaxing and meandering streams of Rushin' River. Families can ride the waves of Breakers Bay wave pool. The park is also home to Northern California's largest drop slide complex. The park is located at 4701 Great America Parkway in Santa Clara. Patch Parents is written by Patch Editor Kristina Houck, a mom of three boys. Have a story idea? Email kristina.houck@patch.com.

Six Flags America in Bowie, Maryland is closing this year after its owner determined it was "not a strategic fit with the company's long-term growth plan."

CHARLOTTE, N.C.--(BUSINESS WIRE)--Six Flags Announces Nomination of Four New Independent Directors.

J.P. Morgan analyst Matthew R. Boss reiterated an Underweight rating on the shares of Six Flags Entertainment Corp FUN with a price forecast of $46.00.

Six Flags Entertainment (FUN -2.15%), a national amusement park company, disclosed its fourth-quarter 2024 earnings on Feb. 27, 2025, demonstrating growth but also missing crucial financial forecasts. A significant merger with Cedar Fair completed last year contributed to increased attendance and a sharp rise in revenue to $687 million from $371 million in the previous year.

CHARLOTTE, N.C.--(BUSINESS WIRE)--SIX FLAGS ENTERTAINMENT CORPORATION REPORTS 2024 FOURTH QUARTER RESULTS; PROVIDES ADJUSTED EBITDA GUIDANCE FOR 2025.

Last year was a mixed bag for the country's leading theme and amusement park operators. Shares of Six Flags Entertainment (FUN -0.99%), Walt Disney (DIS -0.33%), and SeaWorld parent United Parks (PRKS -0.36%) moved higher in 2024, but none of them beat the market.

Jefferies analyst David Katz initiated coverage on Six Flags Entertainment Corporation FUN with a Buy rating and a price target of $59.00.

Six Flags' Q3, the first quarterly report as a consolidated entity, was stable underneath hurricane disruptions and fiscal year shifts. The company has seen strong trends in Q4 so far, with a strong attendance growth and initial 2025 season pass sales. Project Accelerate is targeted to push Six Flags' pre-tax FCF to $800 million by 2027, looking achievable with the company's rapid cost synergy implementation and heavy 2025-2026 investment plans.