Cedar Fair, L.P. (NYSE:FUN) Chairman Matthew A. Ouimet sold 4,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $67.54, for a total transaction of $270,160.00. Following the completion of the transaction, the chairman now owns 231,348 shares in the company, valued at approximately $15,625,243.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Cedar Fair, L.P. (NYSE:FUN) traded down $0.33 during trading on Wednesday, hitting $66.81. 97,080 shares of the stock were exchanged, compared to its average volume of 128,238. Cedar Fair, L.P. has a 12 month low of $59.66 and a 12 month high of $72.56. The company has a debt-to-equity ratio of 20.02, a quick ratio of 1.06 and a current ratio of 1.10. The company has a market cap of $3,760.00, a P/E ratio of 23.52, a PEG ratio of 3.24 and a beta of 0.45.
Cedar Fair (NYSE:FUN) last released its quarterly earnings data on Wednesday, February 14th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.81. The business had revenue of $228.20 million during the quarter, compared to analysts’ expectations of $222.34 million. Cedar Fair had a net margin of 16.30% and a return on equity of 1,855.11%. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.12) EPS. equities analysts predict that Cedar Fair, L.P. will post 3.49 earnings per share for the current year.
A number of research analysts recently commented on the stock. Zacks Investment Research lowered shares of Cedar Fair from a “buy” rating to a “hold” rating in a research note on Friday, February 16th. KeyCorp set a $77.00 price objective on shares of Cedar Fair and gave the company a “buy” rating in a report on Wednesday, February 14th. Stifel Nicolaus boosted their price objective on shares of Cedar Fair from $74.00 to $77.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, B. Riley reissued a “buy” rating on shares of Cedar Fair in a report on Friday, November 3rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $75.20.
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.
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