Cedar Fair, L.P. (NYSE:fun) declared a quarterly dividend on Thursday, November 3rd. Investors of record on Monday, December 5th will be given a dividend of 0.855 per share on Thursday, December 15th. This represents a $3.42 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date is Thursday, December 1st. This is an increase from Cedar Fair, L.P.’s previous quarterly dividend of $0.83.

Cedar Fair, L.P. (NYSE:FUN) opened at 59.95 on Friday. The company has a 50 day moving average of $58.50 and a 200-day moving average of $58.85. The stock has a market capitalization of $3.37 billion, a P/E ratio of 21.40 and a beta of 0.72. Cedar Fair, L.P. has a 52-week low of $48.46 and a 52-week high of $63.40.

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

Dividend History for Cedar Fair, L.P. (NYSE:fun)

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In other news, CAO David R. Hoffman sold 7,043 shares of the business’s stock in a transaction 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 directly owns 36,611 shares of the company’s stock, valued at $2,219,724.93. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Milkie Duffield sold 6,374 shares of the business’s stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $60.84, for a total transaction of $387,794.16. Following the transaction, the vice president now directly owns 56,550 shares in the company, valued at $3,440,502. The disclosure for this sale can be found here.

A number of hedge funds have recently bought and sold shares of FUN. Loomis Sayles & Co. L P boosted its stake in Cedar Fair, L.P. by 3.6% in the second quarter. Loomis Sayles & Co. L P now owns 2,996 shares of the company’s stock valued at $173,000 after buying an additional 103 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in Cedar Fair, L.P. by 14.9% in the second quarter. Stratos Wealth Partners LTD. now owns 10,772 shares of the company’s stock valued at $623,000 after buying an additional 1,394 shares in the last quarter. Northern Trust Corp boosted its stake in Cedar Fair, L.P. by 21.3% in the third quarter. Northern Trust Corp now owns 8,114 shares of the company’s stock valued at $465,000 after buying an additional 1,425 shares in the last quarter. Azimuth Capital Management LLC boosted its stake in Cedar Fair, L.P. by 3.9% in the second quarter. Azimuth Capital Management LLC now owns 47,975 shares of the company’s stock valued at $2,774,000 after buying an additional 1,795 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Cedar Fair, L.P. by 32.9% in the third quarter. Ameriprise Financial Inc. now owns 10,818 shares of the company’s stock valued at $620,000 after buying an additional 2,680 shares in the last quarter.

A number of brokerages have weighed in on FUN. Zacks Investment Research raised shares of Cedar Fair, L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, November 15th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $67.00 price target on shares of Cedar Fair, L.P. in a research report on Tuesday, October 4th. Wedbush cut shares of Cedar Fair, L.P. from an “outperform” rating to a “neutral” rating in a research report on Friday, September 23rd. FBR & Co reaffirmed a “buy” rating on shares of Cedar Fair, L.P. in a research report on Thursday, September 8th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and set a $68.00 price target on shares of Cedar Fair, L.P. in a research report on Thursday, September 1st. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $64.83.

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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