Cedar Fair (NYSE:FUN) released its earnings results on Wednesday. The company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.81, Morningstar.com reports. Cedar Fair had a net margin of 11.75% and a return on equity of 2,430.22%. The business had revenue of $228.20 million during the quarter, compared to analysts’ expectations of $222.34 million. During the same quarter last year, the company earned ($0.12) earnings per share. The firm’s revenue was up 18.9% on a year-over-year basis.

Shares of Cedar Fair (NYSE FUN) traded up $0.50 on Thursday, reaching $67.84. 9,773 shares of the company’s stock were exchanged, compared to its average volume of 126,832. The company has a market capitalization of $3,810.00, a PE ratio of 18.72, a price-to-earnings-growth ratio of 3.30 and a beta of 0.45. The company has a current ratio of 1.18, a quick ratio of 1.06 and a debt-to-equity ratio of 22.05. Cedar Fair has a 1 year low of $59.66 and a 1 year high of $72.56.

In other news, insider Matthew A. Ouimet sold 2,000 shares of Cedar Fair stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $64.69, for a total value of $129,380.00. Following the completion of the transaction, the insider now owns 243,057 shares in the company, valued at $15,723,357.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew A. Ouimet sold 6,000 shares of Cedar Fair stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $67.91, for a total transaction of $407,460.00. Following the completion of the transaction, the chief executive officer now owns 215,353 shares of the company’s stock, valued at approximately $14,624,622.23. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of FUN. Deutsche Bank AG raised its stake in shares of Cedar Fair by 108,890.8% in the fourth quarter. Deutsche Bank AG now owns 248,499 shares of the company’s stock valued at $16,149,000 after acquiring an additional 248,271 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in shares of Cedar Fair by 12.1% in the fourth quarter. OppenheimerFunds Inc. now owns 2,276,115 shares of the company’s stock valued at $147,925,000 after purchasing an additional 245,795 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Cedar Fair in the fourth quarter valued at approximately $14,865,000. ING Groep NV increased its holdings in shares of Cedar Fair by 163.3% in the third quarter. ING Groep NV now owns 283,956 shares of the company’s stock valued at $18,207,000 after purchasing an additional 176,100 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Cedar Fair by 3.3% in the third quarter. Janus Henderson Group PLC now owns 2,090,937 shares of the company’s stock valued at $134,071,000 after purchasing an additional 66,239 shares in the last quarter. Institutional investors own 49.39% of the company’s stock.

FUN has been the subject of several research reports. Zacks Investment Research cut shares of Cedar Fair from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. B. Riley reiterated a “buy” rating on shares of Cedar Fair in a research note on Friday, November 3rd. KeyCorp reiterated a “buy” rating and issued a $74.00 target price on shares of Cedar Fair in a research note on Tuesday, October 24th. Finally, Stifel Nicolaus increased their target price on shares of Cedar Fair from $74.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $74.38.

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Cedar Fair 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 for Cedar Fair (NYSE:FUN)

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