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Saturday, June 3, 2023

There’s No Getting Around Cedar Fair L.P. (NYSE: FUN) Success

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Cedar Fair L.P. (FUN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.80, or -1.91%, to $41.15. The Cedar Fair L.P. has recorded 447,201 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Dorney Park Opens for 139th Season on Friday.

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Stocks Info

FUN belongs to the Consumer Cyclical sector of the NYSE while operating in the Leisure industry. At the end of the last regular session, the stock closed at $41.95 and fluctuated between $41.95 as its day high and $41.02 as its day low. The current market capitalization of Cedar Fair L.P. is $2.13B. A total of 0.6 million shares were traded on the day, compared to an average of 198.89K shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, FUN has seen 5 BUY and 10 SELL insider trades, representing the acquisition of 89,389 and the disposition of 89,540 shares. Over the last 12 months, there were 20 BUYs and 10 SELLs from insiders. Insiders purchased 227,159 shares during that period but sold 89,540.

In the most recent transaction, Hanrahan Daniel J bought 1,500 shares of FUN for 44.15 per share on Aug 10. After the transaction, the Director now owns 31,397 company shares.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Cedar Fair L.P. pays an annual dividend of $1.20, resulting in a dividend yield of 2.86%, and it has a price to earnings (P/E) ratio of 7.74. FUN’s most recent ex-dividend date was 6/6/2023 when it declared a $0.30 quarterly dividend that was paid in cash on 6/21/2023. Previously, the company paid the dividend on 3/21/2023 with an ex-dividend date of 3/6/2023. The FUN stock dividend was $0.30 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for FUN in the last 3 months, the mean price target is $52.33 with high estimates of $61.00 and low estimates of $44.00. In terms of 52-week highs and lows, FUN has a high of $51.49 and a low of $37.58.

As of this writing, FUN has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0. The company reported an EPS of $0.89 in the last quarter, which was -36.90% lower than expectations of $1.41.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. FUN’s latest balance sheet shows that the firm has $61.12M in Cash & Short Term Investments as of fiscal 2021. There were $2.53B in debt and $381.51M in liabilities at the time. Its Book Value Per Share was -$11.06, while its Total Shareholder’s Equity was -$698.49M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FUN is Buy with a score of 4.57.

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