Investing in Cedar Fair: A Look at Financial Analyst Reports and Market Trends
Cedar Fair, L.P. (NYSE:FUN), the renowned amusement park operator has been closely monitored by Bloomberg Ratings, which confirms that ten financial analysts are currently tracking the firm’s performance. As per their reports, out of those ten analysts, two have nominated Cedar Fair stock as a hold, three as a purchase, and the rest five as moderate buy recommendations. The average prediction of the one-year target price of this stock among diverse brokerages who have recently updated their stock coverage is $53.13 with an overall market cap of $2.34 billion.
Cedar Fair LP operates acclaimed amusement parks across the US such as Cedar Point, Kings Island, Canada’s Wonderland, Dorney Park and Wildwater Kingdom, Valleyfair, Kings Dominion, Worlds of Fun, Knott’s Berry Farm and California’s Great America-each unique in theme offerings and giving visitors a memorable fun-filled experience like never before.
The latest updates on the company’s share show its shares opening at $45.04 on Monday with a fifty-day moving average of $44.83 and a two hundred days’ simple moving average of $42.10; This alone illustrates stability in return over time for investors opting to dedicate funds towards Cedar Fair operation.
Despite falling to a year low value of $37.58 and rising to an all-time high price point of $57 this year so far; the returning levels for Cedar Fair remain apparent with price-to-earnings ratio standing at an impressive 8.25 while reflecting beta values of 1.45 respectively.
Considering recent observations made by financial analysts who follow Cedar Fair operations closely- looking at current market trends uplifted by post-pandemic amplification in customer preferences towards recreational activities – investing in Cedars Fun seems like a wise decision for investors seeking long-term worthwhile investment opportunities.
In conclusion, it can be stated that even though market challenges are always anticipated in any business contrary to reasonable predictions; investing in Cedar Fair at the right time can offer stunning returns, primarily owing to the more prominent significance given to entertainment post-pandemic as people seek recreation through outdoor and indoor amusement parks.
Cedar Fair LP (NYSE:FUN) Continues to Gain Momentum and Investor Interest in Amusement Park Industry
Investors and analysts are closely watching Cedar Fair LP (NYSE:FUN) in the amusement park industry, as the company continues to gain momentum with positive earnings reports and increasing recommendations from analysts. On Monday, January 9th, Citigroup upped their price objective on shares of Cedar Fair from $47.00 to $49.00 and gave the stock a “buy” rating in a report. Similarly, Deutsche Bank Aktiengesellschaft raised their price target on shares of Cedar Fair from $54.00 to $61.00 in a research report on Friday, February 17th.
Stifel Nicolaus also lifted their price target on Cedar Fair from $50.00 to $57.00 and gave the company a “buy” rating in a research note on February 17th, and Credit Suisse Group increased their price objective from $41.00 to $46.00 while giving the stock a “neutral” rating on the same day.
Since these reports were released, Cedar Fair has seen increased investment activity by institutional investors and hedge funds, such as Money Concepts Capital Corp which purchased a new position in Cedar Fair valued at approximately $26,000, Lakewood Asset Management LLC that bought a new stake in shares of Cedar Fair valued at $28,000 and U.S. Capital Wealth Advisors LLC that purchased a new position worth around $33,000 during the fourth quarter alone.
PenderFund Capital Management Ltd., furthermore purchased its own stake valued at about $41,000 during the first quarter of this year while Larson Financial Group LLC increased its stake in shares of Cedar Fair by 61.7% in the third quarter last year alone.
Cedar Fair operates amusement parks including some of North America’s most popular destinations such as Kings Island, Canada’s Wonderland Knott’s Berry Farm and California’s Great America among others as well as indoor water parks and hotels.
Cedar Fair’s last quarterly earnings report release on February 17th revealed a significant positive surprise for analysts with the company reporting $0.37 EPS for the quarter, beating consensus estimates of ($0.20) by $0.57. This marks a significant milestone for Cedar Fair’s returns on equity which stands at negative 29.67%. The company’s net margin is also impressive at 16.93% and its revenue has been reported to be around $365.99 million.
As per sell-side analysts’ expectation, Cedar Fair is anticipated to post 3.23 EPS for the current year, further increasing its reputation as one of the leading amusement park companies in North America.
Furthermore, Cedar Fair announced their quarterly dividend on March 21st which was paid shortly after to shareholders of record as at March 7th with an annualized dividend equating to $1.20 yielding about 2.66%. The ex-dividend date was Monday, March 6th and Cedar Fair’s dividend payout ratio stood impressively at 21.98%.
All eyes remain humble towards potential growth opportunities in this booming sector among other aspects that can be positively optimized by management efforts such as operational efficiencies among others but this remains part of a waiting game for investors and market players alike.
