Cedar Fair, L.P. (NYSE:FUN) – Analysts at Wedbush decreased their Q3 2017 earnings per share (EPS) estimates for Cedar Fair, L.P. in a research report issued on Wednesday. Wedbush analyst J. Hardiman now anticipates that the company will post earnings per share of $3.08 for the quarter, down from their prior estimate of $3.34. Wedbush also issued estimates for Cedar Fair, L.P.’s Q4 2017 earnings at $0.21 EPS, FY2017 earnings at $2.70 EPS and FY2018 earnings at $3.38 EPS.

Other equities research analysts have also issued reports about the stock. Goldman Sachs Group, Inc. (The) lowered shares of Cedar Fair, L.P. from a “conviction-buy” rating to a “buy” rating and set a $75.00 target price on the stock. in a research report on Wednesday. Stifel Nicolaus restated a “buy” rating and set a $78.00 target price on shares of Cedar Fair, L.P. in a research report on Friday, July 7th. KeyCorp restated an “overweight” rating and set a $74.00 target price on shares of Cedar Fair, L.P. in a research report on Wednesday, August 30th. Zacks Investment Research upgraded shares of Cedar Fair, L.P. from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Wednesday, July 12th. Finally, BidaskClub upgraded shares of Cedar Fair, L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $74.38.

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Cedar Fair, L.P. (NYSE FUN) opened at 63.63 on Thursday. Cedar Fair, L.P. has a 52 week low of $56.23 and a 52 week high of $72.56. The company has a market capitalization of $3.58 billion, a P/E ratio of 26.69 and a beta of 0.48. The stock’s 50 day moving average is $65.43 and its 200 day moving average is $68.55.

Cedar Fair, L.P. (NYSE:FUN) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.20). The firm had revenue of $392.80 million for the quarter, compared to the consensus estimate of $405.78 million. Cedar Fair, L.P. had a net margin of 10.50% and a return on equity of 1,048.17%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the company posted $1.03 earnings per share.

Several institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. boosted its position in shares of Cedar Fair, L.P. by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 7,065 shares of the company’s stock worth $509,000 after buying an additional 19 shares in the last quarter. Capital Advisors Ltd. LLC boosted its position in shares of Cedar Fair, L.P. by 0.7% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 3,084 shares of the company’s stock worth $222,000 after buying an additional 21 shares in the last quarter. MAI Capital Management boosted its position in shares of Cedar Fair, L.P. by 0.5% in the 2nd quarter. MAI Capital Management now owns 4,670 shares of the company’s stock worth $337,000 after buying an additional 23 shares in the last quarter. Dynamic Advisors Solutions LLC boosted its position in shares of Cedar Fair, L.P. by 1.2% in the 2nd quarter. Dynamic Advisors Solutions LLC now owns 3,500 shares of the company’s stock worth $252,000 after buying an additional 42 shares in the last quarter. Finally, Private Trust Co. NA boosted its position in shares of Cedar Fair, L.P. by 0.5% in the 2nd quarter. Private Trust Co. NA now owns 10,048 shares of the company’s stock worth $724,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 51.46% of the company’s stock.

In other Cedar Fair, L.P. news, Director Thomas Klein acquired 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average cost of $66.13 per share, for a total transaction of $462,910.00. Following the transaction, the director now directly owns 24,960 shares of the company’s stock, valued at $1,650,604.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew A. Ouimet sold 9,100 shares of the business’s stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $68.89, for a total transaction of $626,899.00. Following the completion of the sale, the chief executive officer now owns 200,799 shares in the company, valued at $13,833,043.11. The disclosure for this sale can be found here. Insiders sold a total of 14,100 shares of company stock worth $957,099 over the last quarter. Insiders own 2.00% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Wednesday, September 6th were given a $0.855 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $3.42 annualized dividend and a dividend yield of 5.37%. Cedar Fair, L.P.’s dividend payout ratio is presently 144.30%.

Cedar Fair, L.P. Company Profile

Cedar Fair, L.P. is an operator of regional amusement parks. The Company operates within a segment of amusement/water parks with accompanying resort facilities. As of December 31, 2016, the Company owned approximately 11 amusement parks, two separately gated outdoor water parks, one indoor water park and five hotels.

Earnings History and Estimates for Cedar Fair, L.P. (NYSE:FUN)

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