Cedar Fair (FUN) Stock Price, News & Analysis

Company Overview

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. Paul, Minnesota; Michigan's Adventure situated near Muskegon, Michigan; Schlitterbahn Waterpark & Resort New Braunfels in New Braunfels, Texas; and Schlitterbahn Waterpark Galveston in Galveston, Texas. The company also owns and operates the Castaway Bay Indoor Waterpark Resort, Hotel Breakers, Cedar Point's Express Hotel, and Sawmill Creek Resort. Cedar Fair, L.P. was founded in 1983 and is based in Sandusky, Ohio.

Key Stats

• Today's Range: $46.32 to $46.47
• 50-Day Range: $36.39 to $46.59
• 52-Week Range: $35.93 to $58.70
• Volume: 18,468 shs
• Average Volume: 974,575 shs
• Market Capitalization: $4.66 billion
• P/E Ratio: N/A
• Dividend Yield: 1.94%
• Price Target: $55.92
• Consensus Rating: Moderate Buy

Cedar Fair Stock Analysis - MarketRank™

Cedar Fair scored higher than 74% of companies evaluated by MarketBeat, and ranked 114th out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Cedar Fair has received a consensus rating of Moderate Buy. The company's average rating score is 2.77, and is based on 11 buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

Cedar Fair has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 360.87%

Earnings Growth

Earnings for Cedar Fair are expected to grow by 360.87% in the coming year, from $0.69 to $3.18 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Cedar Fair is -72.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cedar Fair is -72.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Cedar Fair has a P/B Ratio of 1.97. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

8.95% of the outstanding shares of Cedar Fair have been sold short.

Short Interest Ratio / Days to Cover

Cedar Fair has a short interest ratio ("days to cover") of 5.3.

Change versus previous month

Short interest in Cedar Fair has recently decreased by 11.61%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Cedar Fair pays a meaningful dividend of 1.96%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Cedar Fair does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Cedar Fair will have a dividend payout ratio of 28.30% next year. This indicates that Cedar Fair will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.95% of the outstanding shares of Cedar Fair have been sold short.

Short Interest Ratio / Days to Cover

Cedar Fair has a short interest ratio ("days to cover") of 5.3.

Change versus previous month

Short interest in Cedar Fair has recently decreased by 11.61%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 1.29

News Sentiment

Cedar Fair has a news sentiment score of 1.29. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Cedar Fair this week, compared to 5 articles on an average week.

Search Interest

Only 7 people have searched for FUN on MarketBeat in the last 30 days. This is a decrease of -30% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Cedar Fair to their MarketBeat watchlist in the last 30 days. This is a decrease of -71% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Cedar Fair insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.80% of the stock of Cedar Fair is held by insiders.

Percentage Held by Institutions

64.65% of the stock of Cedar Fair is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FUN Stock Analysis - Frequently Asked Questions

How have FUN shares performed this year?

Cedar Fair's stock was trading at $39.80 at the beginning of 2024. Since then, FUN shares have increased by 15.8% and is now trading at $46.09.
View the best growth stocks for 2024 here.

How were Cedar Fair's earnings last quarter?

Cedar Fair, L.P. (NYSE:FUN) issued its quarterly earnings data on Thursday, August, 3rd. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. The firm earned $500.98 million during the quarter, compared to analysts' expectations of $502.70 million. Cedar Fair had a net margin of 0.99% and a trailing twelve-month return on equity of 113.05%.

Who are Cedar Fair's major shareholders?

Top institutional shareholders of Cedar Fair include Mutual of America Capital Management LLC (0.01%), Wolverine Trading LLC and S.A. Mason LLC.
View institutional ownership trends.

How do I buy shares of Cedar Fair?

Shares of FUN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Cedar Fair own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cedar Fair investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), AUO (AUOTY) and DiamondRock Hospitality (DRH).

Company Calendar

• Last Earnings: 8/03/2023
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/20/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: Amusement & recreation services
• Sub-Industry: Entertainment
• Current Symbol: NYSE:FUN
• CUSIP: N/A
• CIK: 811532
• Web: www.cedarfair.com
• Phone: (419) 626-0830
• Fax: 419-627-2260
• Employees: 53,050
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $55.92
• High Stock Price Target: $65.00
• Low Stock Price Target: $46.00
• Potential Upside/Downside: +21.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.77
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.64)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 66.80
• P/E Growth: N/A
• Net Income: $124.56 million
• Net Margins: 0.99%
• Pretax Margin: 3.62%
• Return on Equity: 113.05%
• Return on Assets: 2.41%

Debt

• Debt-to-Equity Ratio: 1.95
• Current Ratio: 0.40
• Quick Ratio: 0.32

Sales & Book Value

• Annual Sales: $1.82 billion
• Price / Sales: 2.55
• Cash Flow: $5.99 per share
• Price / Cash Flow: 7.69
• Book Value: ($11.43) per share
• Price / Book: -4.03

Miscellaneous

• Outstanding Shares: 100,279,000
• Free Float: 98,675,000
• Market Cap: $4.62 billion
• Optionable: Optionable
• Beta: 1.55