Cedar Fair (FUN) Receives Daily Media Sentiment Rating of 0.09

News articles about Cedar Fair (NYSE:FUN) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cedar Fair earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.7315449742004 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Shares of Cedar Fair (NYSE FUN) opened at $64.50 on Friday. 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 fifty-two week low of $59.66 and a fifty-two week high of $72.56. The company has a market cap of $3,620.04, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 3.21 and a beta of 0.53.

Cedar Fair (NYSE:FUN) last released its earnings results on Thursday, November 2nd. The company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.18). Cedar Fair had a return on equity of 2,430.22% and a net margin of 11.75%. The business had revenue of $652.69 million for the quarter, compared to analyst estimates of $652.98 million. During the same period in the prior year, the firm posted $3.10 EPS. Cedar Fair’s revenue was up .4% on a year-over-year basis. equities analysts forecast that Cedar Fair will post 3 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Monday, December 4th were issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date was Friday, December 1st. This is a positive change from Cedar Fair’s previous quarterly dividend of $0.86. Cedar Fair’s payout ratio is currently 134.34%.

A number of analysts have commented on FUN shares. B. Riley reaffirmed a “buy” rating on shares of Cedar Fair in a report on Friday, November 3rd. Zacks Investment Research raised shares of Cedar Fair from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 7th. Goldman Sachs Group lowered shares of Cedar Fair from a “conviction-buy” rating to a “buy” rating and set a $75.00 target price for the company. in a report on Wednesday, October 4th. Finally, KeyCorp reaffirmed a “buy” rating and set a $74.00 target price on shares of Cedar Fair in a report on Tuesday, October 24th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $74.38.

In other news, CEO Matthew A. Ouimet sold 6,000 shares of Cedar Fair stock in a transaction 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 transaction, the chief executive officer now directly owns 215,353 shares of the company’s stock, valued at $14,624,622.23. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Matthew A. Ouimet sold 4,000 shares of Cedar Fair stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $66.40, for a total transaction of $265,600.00. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

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About Cedar Fair

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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