Cedar Fair, L.P. (NYSE: FUN) recently received a number of ratings updates from brokerages and research firms:

  • 9/7/2017 – Cedar Fair, L.P. had its “buy” rating reaffirmed by analysts at FBR & Co.
  • 9/7/2017 – Cedar Fair, L.P. had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $74.00 price target on the stock, down previously from $75.00.
  • 9/6/2017 – Cedar Fair, L.P. was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Cedar Fair, L.P. and its affiliated companies own and operate five amusement parks: Cedar Point, Knott’s Berry Farm, Dorney Park & Wildwater Kingdom, Valleyfair, and Worlds of Fun/Oceans of Fun. The parks are family-oriented, with recreational facilities for people of all ages, and provide clean and attractive environments with exciting rides and entertainment. The company also owns and operates four hotel facilities. Cedar Point also owns and operates the Cedar Point Marina, one of the largest full-service marinas on the Great Lakes. “
  • 8/30/2017 – Cedar Fair, L.P. had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $74.00 price target on the stock.
  • 8/17/2017 – Cedar Fair, L.P. was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/7/2017 – Cedar Fair, L.P. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Cedar Fair, L.P. and its affiliated companies own and operate five amusement parks: Cedar Point, Knott’s Berry Farm, Dorney Park & Wildwater Kingdom, Valleyfair, and Worlds of Fun/Oceans of Fun. The parks are family-oriented, with recreational facilities for people of all ages, and provide clean and attractive environments with exciting rides and entertainment. The company also owns and operates four hotel facilities. Cedar Point also owns and operates the Cedar Point Marina, one of the largest full-service marinas on the Great Lakes. “
  • 7/31/2017 – Cedar Fair, L.P. was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/31/2017 – Cedar Fair, L.P. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Cedar Fair, L.P. and its affiliated companies own and operate five amusement parks: Cedar Point, Knott’s Berry Farm, Dorney Park & Wildwater Kingdom, Valleyfair, and Worlds of Fun/Oceans of Fun. The parks are family-oriented, with recreational facilities for people of all ages, and provide clean and attractive environments with exciting rides and entertainment. The company also owns and operates four hotel facilities. Cedar Point also owns and operates the Cedar Point Marina, one of the largest full-service marinas on the Great Lakes. “

Cedar Fair, L.P. (NYSE:FUN) traded down 0.52% during mid-day trading on Friday, hitting $64.62. The stock had a trading volume of 131,130 shares. Cedar Fair, L.P. has a one year low of $56.23 and a one year high of $72.56. The stock has a market cap of $3.63 billion, a PE ratio of 27.11 and a beta of 0.50. The firm’s 50-day moving average is $66.38 and its 200 day moving average is $68.91.

Cedar Fair, L.P. (NYSE:FUN) last issued its earnings results on Wednesday, August 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.20). The company had revenue of $392.80 million for the quarter, compared to analyst estimates of $405.78 million. Cedar Fair, L.P. had a net margin of 10.50% and a return on equity of 1,048.17%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the business earned $1.03 EPS. Equities research analysts expect that Cedar Fair, L.P. will post $2.90 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.855 per share. This represents a $3.42 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date of this dividend is Friday, September 1st. Cedar Fair, L.P.’s dividend payout ratio (DPR) is currently 144.30%.

In related news, Director Thomas Klein bought 7,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was bought at an average price of $66.13 per share, with a total value of $462,910.00. Following the purchase, the director now directly owns 24,960 shares of the company’s stock, valued at approximately $1,650,604.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Matthew A. Ouimet sold 12,000 shares of Cedar Fair, L.P. stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $71.20, for a total transaction of $854,400.00. Following the sale, the chief executive officer now directly owns 207,299 shares of the company’s stock, valued at approximately $14,759,688.80. The disclosure for this sale can be found here. Insiders have sold a total of 24,100 shares of company stock valued at $1,681,699 in the last three months. Company insiders own 2.00% of the company’s stock.

Cedar Fair, L.P. is an operator of regional amusement parks. The Company operates within a segment of amusement/water parks with accompanying resort facilities. As of December 31, 2016, the Company owned approximately 11 amusement parks, two separately gated outdoor water parks, one indoor water park and five hotels.

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