Shares of Cedar Fair, L.P. (NYSE:FUN) have received an average rating of “Buy” from the nine ratings firms that are currently covering the stock. Three investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $66.67.

FUN has been the subject of several analyst reports. Credit Suisse Group AG set a $67.00 price target on shares of Cedar Fair, L.P. and gave the company a “buy” rating in a report on Monday, September 12th. FBR & Co reissued a “buy” rating on shares of Cedar Fair, L.P. in a report on Thursday, September 8th. Janney Montgomery Scott reissued a “buy” rating and set a $68.00 price target 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 “sell” rating to a “hold” rating in a report on Tuesday, November 15th. Finally, Wedbush downgraded shares of Cedar Fair, L.P. from an “outperform” rating to a “neutral” rating in a research note on Friday, September 23rd.

Shares of Cedar Fair, L.P. (NYSE:FUN) opened at 60.01 on Monday. Cedar Fair, L.P. has a one year low of $48.46 and a one year high of $63.40. The company’s 50-day moving average is $58.42 and its 200-day moving average is $58.84. The company has a market capitalization of $3.37 billion, a PE ratio of 21.42 and a beta of 0.72.

Cedar Fair, L.P. (NYSE:FUN) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $3.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.54 by $0.44. The company had revenue of $650.30 million for the quarter, compared to analysts’ expectations of $30 million. During the same period in the prior year, the company earned $2.92 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. Equities analysts predict that Cedar Fair, L.P. will post $3.46 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Monday, December 5th will be given a dividend of $0.855 per share. This is a boost from Cedar Fair, L.P.’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $3.42 annualized dividend and a dividend yield of 5.70%.

In related news, VP Milkie Duffield sold 6,374 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $60.84, for a total transaction of $387,794.16. Following the completion of the transaction, the vice president now owns 56,550 shares in the company, valued at $3,440,502. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO David R. Hoffman sold 7,043 shares of the business’s stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $60.63, for a total transaction of $427,017.09. Following the transaction, the chief accounting officer now owns 36,611 shares of the company’s stock, valued at approximately $2,219,724.93. The disclosure for this sale can be found here.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sheets Smith Wealth Management boosted its position in shares of Cedar Fair, L.P. by 17.8% in the third quarter. Sheets Smith Wealth Management now owns 4,625 shares of the company’s stock worth $265,000 after buying an additional 700 shares in the last quarter. LPL Financial LLC boosted its position in shares of Cedar Fair, L.P. by 35.9% in the third quarter. LPL Financial LLC now owns 22,812 shares of the company’s stock worth $1,319,000 after buying an additional 6,026 shares in the last quarter. Pioneer Investment Management Inc. boosted its position in shares of Cedar Fair, L.P. by 7.1% in the third quarter. Pioneer Investment Management Inc. now owns 739,713 shares of the company’s stock worth $42,378,000 after buying an additional 48,837 shares in the last quarter. Picton Mahoney Asset Management purchased a new position in shares of Cedar Fair, L.P. during the third quarter worth about $155,000. Finally, Capital Research Global Investors boosted its position in shares of Cedar Fair, L.P. by 3.5% in the third quarter. Capital Research Global Investors now owns 2,923,500 shares of the company’s stock worth $167,487,000 after buying an additional 100,000 shares in the last quarter.

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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.

5 Day Chart for NYSE:FUN

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