Cedar Fair, L.P. (FUN) Declares $0.86 Quarterly Dividend

Remigio Civitarese
Mag 8, 2017

Picton Mahoney Asset Management bought a new position in shares of Cedar Fair, L.P. during the third quarter valued at $155,000.

03/01/2016 - Cedar Fair, L.P. was downgraded to "long-term buy" by analysts at Hilliard Lyons. The stock has a consensus rating of "Buy" and a consensus price target of $72.89. JPMorgan Chase & Co. now owns 88,875 shares of the company's stock valued at $5,091,000 after buying an additional 6,146 shares in the last quarter. Woodstock Corp purchased a new stake in Cedar Fair, L.P. during the first quarter valued at about $203,000. Hollow Brook Wealth Management LLC now owns 237,028 shares of the company's stock valued at $13,579,000 after buying an additional 11,130 shares during the period. Finally, Putnam Investments LLC increased its position in Cedar Fair, L.P.by 0.7% in the fourth quarter. Janus Capital Management LLC now owns 599,640 shares of the company's stock valued at $38,497,000 after buying an additional 93,930 shares during the period. Cedar Fair, L.P. has a payout ratio of 95.3% meaning its dividend is now covered by earnings, but may not be in the future if the company's earnings decline.

Cedar Fair, L.P. has a one year low of $56.17 and a one year high of $72.56. The stock declined 0.38% or $0.27 reaching $70.86 per share. The company has a market cap of $4.00 billion, a PE ratio of 22.65 and a beta of 0.74. The stock's 50 day moving average price is $68.78 and its 200-day moving average price is $63.92.

02/20/2015 - Cedar Fair, L.P. had its "buy" rating reiterated by analysts at KeyBanc.

Cedar Fair, L.P. had a return on equity of 768.42% and a net margin of 12.57%. The original version of this report can be viewed at https://www.chaffeybreeze.com/2017/05/03/cedar-fair-l-p-fun-issues-quarterly-earnings-results-misses-estimates-by-0-07-eps.html.

Exhibit 99.1 News release of Cedar Fair, L.P. dated May 3, 2017. The company had revenue of $48.30 million for the quarter, compared to analyst estimates of $53.62 million. Beese Fulmer Investment Management Inc.'s holdings in Cedar Fair, L.P. were worth $258,000 at the end of the most recent quarter.

Research analysts at Stifel Nicolaus assumed coverage on shares of Cedar Fair, L.P. (NYSE:FUN) in a research report issued to clients and investors on Thursday, April 20th.

Cedar Fair, L.P. (NYSE:FUN) announced a quarterly dividend on Thursday, May 4th. Cedar Fair, L.P. has an average rating of "Buy" and an average price target of $72.89. The stock of Cedar Fair, L.P. (NYSE:FUN) has "Buy" rating given on Monday, August 24 by Hilliard Lyons. SunTrust Banks, Inc. assumed coverage on Cedar Fair, L.P.in a research note on Wednesday, April 12th. They set a "hold" rating and a $72.00 price objective on the stock. Goldman Sachs Group Inc initiated coverage on shares of Cedar Fair, L.P.in a research report on Thursday, April 6th. Macquarie Research upgraded Cedar Fair, L.P. (NYSE:FUN) on Friday, July 8 to "Outperform" rating.

Based on the latest notes released to investors, 5 analysts have issued a rating of "buy", 4 analysts "outperform", 1 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". Cedar Fair, L.P. now has an average rating of "Buy" and an average price target of $72.89.

In related news, CEO Matthew A. Ouimet sold 9,000 shares of the business's stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of $68.13, for a total transaction of $613,170.00. Following the completion of the sale, the chief executive officer now directly owns 234,299 shares in the company, valued at $15,962,790.87.

This information shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise be subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

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