Cedar Fair (FUN) – Research Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Cedar Fair (NYSE: FUN):

• 4/13/2024 – Cedar Fair is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 4/5/2024 – Cedar Fair is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 3/28/2024 – Cedar Fair is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 3/26/2024 – Cedar Fair is now covered by analysts at Mizuho. They set a “buy” rating and a $56.00 price target on the stock.
• 3/20/2024 – Cedar Fair is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 3/12/2024 – Cedar Fair is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 3/4/2024 – Cedar Fair is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 2/25/2024 – Cedar Fair is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 2/17/2024 – Cedar Fair is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 2/16/2024 – Cedar Fair had its price target raised by analysts at KeyCorp from $49.00 to $52.00. They now have an “overweight” rating on the stock.
• 2/16/2024 – Cedar Fair had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $52.00 price target on the stock, up previously from $50.00.
• 2/16/2024 – Cedar Fair had its price target raised by analysts at Stifel Nicolaus from $49.00 to $52.00. They now have a “buy” rating on the stock.
• 2/16/2024 – Cedar Fair had its price target raised by analysts at Truist Financial Co. from $46.00 to $48.00. They now have a “buy” rating on the stock.

Cedar Fair Stock Down 0.6 %

FUN opened at $38.97 on Tuesday. The business has a 50 day moving average price of $41.46 and a two-hundred day moving average price of $39.30. Cedar Fair, L.P. has a 52 week low of $34.04 and a 52 week high of $45.39. The company has a market cap of $1.99 billion, a PE ratio of 15.91 and a beta of 1.41.

Cedar Fair (NYSE:FUN) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.08). Cedar Fair had a negative return on equity of 21.06% and a net margin of 6.96%. The company had revenue of $371.12 million for the quarter, compared to analysts’ expectations of $365.13 million. As a group, sell-side analysts expect that Cedar Fair, L.P. will post 3.28 EPS for the current fiscal year.

Cedar Fair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Tuesday, March 5th. Cedar Fair’s payout ratio is 48.98%.

Institutional Investors Weigh In On Cedar Fair

Institutional investors have recently added to or reduced their stakes in the business. PenderFund Capital Management Ltd. purchased a new stake in Cedar Fair during the first quarter worth about $41,000. Money Concepts Capital Corp acquired a new position in shares of Cedar Fair during the 4th quarter worth approximately $26,000. Tower Research Capital LLC TRC lifted its position in shares of Cedar Fair by 355.3% in the first quarter. Tower Research Capital LLC TRC now owns 815 shares of the company’s stock valued at $38,000 after acquiring an additional 636 shares in the last quarter. Ancora Advisors LLC increased its position in Cedar Fair by 34.6% during the 1st quarter. Ancora Advisors LLC now owns 2,139 shares of the company’s stock worth $106,000 after purchasing an additional 550 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC raised its stake in Cedar Fair by 33.9% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 2,685 shares of the company’s stock valued at $110,000 after purchasing an additional 680 shares during the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.