How to Buy Cedar Fair Stock
Cedar Fair L P
Cedar Fair is a leisure company located in Ohio, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker FUN on the NYSE exchange.
Cedar Fair stock last closed at $37.90, down 0.76% from the previous day, and has decreased 7.76% in one year. It has overperformed other stocks in the Leisure industry by 0.04 percentage points. Cedar Fair stock is currently +11.34% from its 52-week low of $34.04, and -16.5% from its 52-week high of $45.39.
At the moment, there are 51.03M shares of FUN outstanding. The market cap of FUN is $1.93B. In the last 24 hours, 67,331 FUN shares were traded.
How to Buy Cedar Fair Stock
Wondering how to invest in Cedar Fair stock? Here's how.
- Choose where to buy Cedar Fair stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you choose where to buy Cedar Fair stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your investment account: Select your method of payment and add your details.
- Evaluate Cedar Fair stock: The Cedar Fair ticker symbol is FUN. Is Cedar Fair stock a good investment? Should you buy shares of FUN? How do FUN's underlying business fundamentals look? Do top analysts think Cedar Fair is a good buy? Why has FUN's stock price moved recently? (Hint: Our stock research tools can help you decide if FUN is a good stock to buy).
- Make your FUN purchase: Decide if you will purchase FUN shares at the current market price or use a limit order to buy FUN stock at a specific price.
- Watch your investment in FUN: Create a watchlist to watch your position in Cedar Fair shares.
Step 1: Choose where to buy Cedar Fair stock
You will need an online brokerage account in order to access the NYSE market and buy FUN stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the best brokerage, you'll need to fill out some personal info so you can buy FUN today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to open a new trading account.
- Submit your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have created your account on apps for stock market, your next step is to transfer the money for your investment:
Check out the video below if you need help depositing money into your investment account.
Step 4: Evaluate Cedar Fair stock
After you have identified the best place to buy Cedar Fair stock, it's absolutely critical to evaluate their stock before you invest, so you truly comprehend the risk and upside.
Cedar Fair Numbers
FUN Zen Score
WallStreetZen was built to help average investors do better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on FUN's stock page.
How is FUN stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge FUN's fair value.
Using relative valuations methods:
- FUN could be overvalued based on its P/E ratio of 15.47x, relative to Leisure industry P/E ratio of 4.38x
- FUN could be undervalued based on its PEG ratio of 0.65x
You can do additional valuation research on FUN's stock here.
A quick look at FUN Financials
Failed Health Checks:
- Total FUN debt is still negative.
- FUN's operating cash flow of $325.68M allows it to safely service it's debt of $2.35B.
- FUN profit margin has gone down from 16.9% to 6.9% in the past year.
- FUN earnings of $314.37M is not sufficient to cover its interest payments.
- There are more short-term liabilities than short-term assets on the FUN balance sheet.
- There are more long-term liabilities than short-term assets on the FUN balance sheet.
- FUN debt to equity ratio of -4.84 is negative.
Is FUN stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 8 Wall Street analysts who monitor FUN, the consensus analyst rating on FUN is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Latest FUN Analyst Ratings
Ian Zaffino, a top 24% analyst from Oppenheimer initiates coverage on FUN with a buy rating and announces their FUN price target of $49.00, on Feb 8, 2024.
Thomas Yeh, a bottom 17% analyst from Morgan Stanley maintains FUN with a strong buy rating and raises their FUN price target from $50.00 to $55.00, on Dec 14, 2023.
James Hardiman, a top 17% analyst from Citigroup upgrades FUN to a strong buy rating and raises their FUN price target from $40.00 to $46.00, on Nov 3, 2023.
Citigroup's James Hardiman upgraded their rating on Cedar Fair (NYSE: FUN) from Hold to Strong Buy on 2023/11/03. The analyst also raised their price target by 15% from $40 to $46.
Citigroup's update followed an assessment of Cedar Fair's Q3 2023 earnings report released on 2023/11/02.
Commenting on the merger announced as the companies wrap up the FY 2023 season, Hardiman said that there is "solid value" in Cedar Fair and Six Flags separately but the merger will add "significant additional value."
In fact, it was a "pleasant surprise that the merger synergies are so large," the analyst added.
Citigroup upgraded both companies to Stong Buy on the expectation that the merger will create substantial value, Hardiman noted.
Earnings Report
For Q3 2023, Cedar Fair reported:
- EPS of $4.21, which beat the Consensus Estimate of $3.70 and, by 12.9%, Q3 2022’s $3.73.
- Revenue of $842.01M, which beat the Zacks Consensus Estimate of $821.16M but missed, by 0.1%, Q3 2022’s $843.06M.
- EBITDA of $388M, up 7% Y/Y.
- 12.4M guests, up 1% Y/Y.
Management did not provide financial guidance in its press release or earnings call.
President & CEO Richard A. Zimmerman commented: “The strength and resiliency of our business model was on full display during our peak attendance and revenue months, as we delivered another strong performance and positioned Cedar Fair for a great finish to 2023.
“Our rapid recovery during Q3, combined with our meaningful cost-saving measures, helped offset attendance and revenue shortfalls experienced earlier in the year and put us back on track to deliver another very strong performance in 2023."
“Today, we also announced that we have entered into a definitive agreement to merge with Six Flags to create a leading amusement park operator in North America with the largest portfolio of best-in-class parks and brands.
“With Six Flags, we will expand our footprint, enhance the resilience of our business model, and bolster our financial profile to drive in-park investments. This transaction will allow us to build on our strategy to transform our park operations and deliver the most entertaining experiences to guests.”
You can dig deeper into what analysts are projecting on the Cedar Fair stock forecast page.
Metrics for Advanced FUN Traders
FUN Growth Numbers
Last year, FUN earnings were $124.56M. Over the last 5 year, FUN's earnings have increased by 1.72% per year. This was slower than the Leisure industry average of 82.95%.
Last year, FUN revenue was $1.80B. In the last five year, FUN's revenue has gone up by 5.93% per year. This was slower than the Leisure industry average of 19.13%.
Dig into FUN's earnings and revenue performance here.
Who is buying/selling FUN?
In the past year, executives and large shareholders at FUN have sold more shares than they have bought.
Tim Fisher, Chief Operating Officer of FUN, was the latest FUN insider to sell. They sold $218,684.52 worth of FUN shares on Feb 26, 2024.
Research more about who owns FUN shares here.
Can I get consistent income from FUN stock?
Cedar Fair pays a dividend of 3.17%, compared to the Leisure industry's average dividend yield of 2.98%. If you owned $1,000 worth of FUN stock, you would have received $31.66 in the past year.
Cedar Fair dividend payments have not consistently grown over the past decade and have not remained stable.
Get more analysis about Cedar Fair dividend yield and history here.
FUN Social Trading Data
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your FUN purchase
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually the best for newer investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific price, use a limit order.
Hit the Open Trade button and your broker will place your order.
If you require additional help investing in stocks on eToro, watch the how to video below:
Step 6: Watch your investment in FUN
Now that you own some FUN stock, you'll want to stay up-to-date on your new shares.
Create a watchlist to keep track of your FUN stock.
FUN Feed
How to Buy Stock in Cedar Fair
To summarize, here are the 6 steps to buy stock in Cedar Fair:
- Choose where to buy Cedar Fair stock
- Create a brokerage account
- Fund your investment account
- Evaluate Cedar Fair stock
- Make your FUN purchase
- Watch your investment in FUN
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Cedar Fair, get started below.
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