#3 - Cedar Fair (NYSE:FUN)
If you’re looking to add some fun (couldn’t resist) to your portfolio, you should consider Cedar Fair (NYSE:FUN). And the reason is that consumers are going to be looking to have some excitement this summer, and the company’s properties of amusement parks including Cedar Point and King’s Island in Ohio are prime candidates.
FUN stock is about 15% below its pre-pandemic high. That would put it at right about the 12.17% consensus price target set by analysts.
The proof will be in the performance. The company just got done reporting in what is typically its lightest quarter of the year. This year was particularly light. However it beat analysts’ expectations by over 50%.
Good news for investors may be less enjoyable for college students who make up a good chunk of the company’s labor force. Cedar Fair is adopting a Kronos-based workforce management solution to help optimize seasonal labor costs which total approximately 30% of the company’s operating costs.
About Cedar Fair
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.
Read More - Current Price
- $45.43
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 11 Buy Ratings, 1 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $55.92 (23.1% Upside)
