Published On: Sat, Sep 10th, 2016

Cedar Fair, L.P. (FUN) Stock Price Up 0%

Cedar Fair, L.P. (NYSE:FUN) shares rose 0% during trading on Friday . The stock traded as high as $58.65 and last traded at $58.50, with a volume of 110,411 shares changing hands. The stock had previously closed at $58.50.
FUN has been the subject of several research reports. Janney Montgomery Scott reissued a “buy” rating and set a $68.00 price objective on shares of Cedar Fair, L.P. in a report on Thursday, September 1st. Zacks Investment Research raised shares of Cedar Fair, L.P. from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Wednesday, June 29th. FBR & Co reissued a “buy” rating on shares of Cedar Fair, L.P. in a report on Thursday. Finally, Macquarie raised shares of Cedar Fair, L.P. from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $60.00 to $65.00 in a report on Friday, July 8th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Cedar Fair, L.P. presently has an average rating of “Buy” and a consensus price target of $65.14.
The company’s 50-day moving average price is $58.85 and its 200 day moving average price is $58.72. The firm has a market capitalization of $3.28 billion, a PE ratio of 22.42 and a beta of 0.72.

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Cedar Fair, L.P. (NYSE:FUN) last released its earnings results on Wednesday, August 3rd. The company reported $1.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by $0.04. The firm had revenue of $388 million for the quarter, compared to the consensus estimate of $390.43 million. During the same period in the previous year, the business earned $1.02 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, analysts expect that Cedar Fair, L.P. will post $3.65 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Tuesday, September 6th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 5.64%. The ex-dividend date of this dividend is Thursday, September 1st.
Cedar Fair, L.P. Company Profile
Cedar Fair, L.P. is an operator of regional amusement parks. The Company owns approximately 10 amusement parks, three outdoor water parks, an indoor water park and five hotels. The Company operates through amusement/water parks with accompanying resort facilities segment. Its amusement parks include Cedar Point, located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Kings Island near Cincinnati, Ohio; Canada’s Wonderland near Toronto, Canada; Dorney Park & Wildwater Kingdom (Dorney Park), located near Allentown in South Whitehall Township, Pennsylvania; Valleyfair, located near Minneapolis/St.

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