Cedar Fair Stock Price, News & Analysis (NYSE:FUN)

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cedar Fair in the last twelve months. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FUN shares.
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10 brokerages have issued 12-month price objectives for Cedar Fair's stock. Their FUN share price targets range from $42.00 to $61.00. On average, they predict the company's stock price to reach $48.82 in the next twelve months. This suggests a possible upside of 23.3% from the stock's current price.
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Cedar Fair's stock was trading at $41.34 on January 1st, 2023. Since then, FUN stock has decreased by 4.2% and is now trading at $39.59.
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Cedar Fair saw a decline in short interest in November. As of November 15th, there was short interest totaling 2,360,000 shares, a decline of 7.5% from the October 31st total of 2,550,000 shares. Based on an average daily volume of 233,800 shares, the short-interest ratio is presently 10.1 days. Currently, 5.2% of the shares of the company are short sold.
View Cedar Fair's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, February 16th 2024.
View our FUN earnings forecast.

Cedar Fair, L.P. (NYSE:FUN) released its quarterly earnings data on Thursday, November, 2nd. The company reported $4.21 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.51. The business earned $842.01 million during the quarter, compared to analysts' expectations of $821.16 million. Cedar Fair had a negative trailing twelve-month return on equity of 22.33% and a net margin of 8.19%.

Cedar Fair announced a quarterly dividend on Thursday, November 2nd. Investors of record on Wednesday, December 6th will be given a dividend of $0.30 per share on Wednesday, December 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Tuesday, December 5th.
Read our dividend analysis for FUN.

Cedar Fair (NYSE:FUN) pays an annual dividend of $1.20 per share and currently has a dividend yield of 3.06%. The dividend payout ratio is 41.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FUN will have a dividend payout ratio of 33.61% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FUN.

Neuberger Berman Next Generation Connected Consumer ETF holds 3,493 shares of FUN stock, representing 2.43% of its portfolio.

13 employees have rated Cedar Fair Chief Executive Officer Richard Zimmerman on Glassdoor.com. Richard Zimmerman has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cedar Fair investors own include Ballard Power Systems (BLDP), AT&T (T), Hawkins (HWKN), Walt Disney (DIS), NVIDIA (NVDA), Gilead Sciences (GILD), Johnson & Johnson (JNJ), Verizon Communications (VZ), Intel (INTC) and Pfizer (PFE).

Cedar Fair's stock is owned by a variety of retail and institutional investors. Top institutional investors include Morgan Stanley (8.88%), JPMorgan Chase & Co. (6.61%), Barclays PLC (4.52%), UBS Group AG (1.44%), Nomura Holdings Inc. (1.34%) and CI Investments Inc. (0.90%).
View institutional ownership trends.

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