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Last $54.07 USD
Change Today +0.07 / 0.13%
Volume 71.0K
FUN On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

cedar fair lp (FUN) Snapshot

Open
$53.69
Previous Close
$54.00
Day High
$54.70
Day Low
$53.62
52 Week High
05/29/15 - $60.64
52 Week Low
10/15/14 - $42.75
Market Cap
3.0B
Average Volume 10 Days
245.8K
EPS TTM
$2.31
Shares Outstanding
56.0M
EX-Date
09/1/15
P/E TM
23.4x
Dividend
$3.00
Dividend Yield
5.45%
Current Stock Chart for CEDAR FAIR LP (FUN)

cedar fair lp (FUN) Related Businessweek News

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cedar fair lp (FUN) Details

Cedar Fair, L.P. owns and operates amusement and water parks, and hotels in the United States and Canada. The company operates approximately 11 amusement parks, 3 outdoor water parks, 1 indoor water park, and 5 hotels. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Kings Island near Cincinnati, Ohio; Canada's Wonderland near Toronto, Canada; Dorney Park & Wildwater Kingdom located near Allentown in South Whitehall Township, Pennsylvania; Valleyfair located near Minneapolis/St. Paul in Shakopee, Minnesota; Michigan's Adventure located near Muskegon, Michigan; Kings Dominion near Richmond, Virginia; Carowinds in Charlotte, North Carolina; Worlds of Fun located in Kansas City, Missouri; Knott's Berry Farm located near Los Angeles in Buena Park, California; and California's Great America located in Santa Clara, California. The company also manages and operates Gilroy Gardens Family Theme Park in Gilroy, California; and owns and operates the Castaway Bay Indoor Waterpark Resort in Sandusky, Ohio, as well as three gated outdoor water parks. Cedar Fair Management, Inc. serves as the general partner of Cedar Fair, L.P. The company was founded in 1983 and is based in Sandusky, Ohio.

2,000 Employees
Last Reported Date: 02/26/15
Founded in 1983

cedar fair lp (FUN) Top Compensated Officers

Chief Executive Officer of Cedar Fair Managem...
Total Annual Compensation: $900.0K
Chief Financial Officer of Cedar Fair Managem...
Total Annual Compensation: $400.0K
Chief Operating Officer of Cedar Fair Managem...
Total Annual Compensation: $525.0K
Executive Vice President of Cedar Fair Manage...
Total Annual Compensation: $350.0K
Executive Vice President of Operations of Ced...
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2014.

cedar fair lp (FUN) Key Developments

Cedar Fair, L.P. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 28, 2015; Reports Loss on Impairment for the Second Quarter Ended June 28, 2015; Reports Revenues Results for the Month Ended August 2, 2015

Cedar Fair, L.P. reported unaudited consolidated earnings results for the second quarter and six months ended June 28, 2015. For the quarter, the company reported net revenues of $377,408,000 compared to $363,014,000 a year ago. This increase reflects a 2%, or $0.84, increase in average in-park guest per capita spending, a 1%, or 91,000-visit, increase in attendance, and a 12%, or $4 million, increase in out-of-park revenues, compared with the second quarter of 2014. Operating income was $93,027,000 compared to $91,847,000 a year ago. Income before taxes was $80,877,000 compared to $51,090,000 a year ago. Net income allocated to limited partners was $57,582,000 or $1.02 per diluted limited partner unit compared to $43,901,000 or $0.79 per diluted limited partner unit a year ago. Adjusted EBITDA was $144,224,000 compared to $141,080,000 a year ago. For the six months, the company reported net revenues of $424,225,000 compared to $403,480,000 a year ago. The increase in Revenue was the result of a 3%, or 220,000-visit, increase in attendance, a 2%, or $0.79, increase in average in-park guest per capita spending, and an 11%, or $5 million, increase in out-of-park revenues. Operating income was $23,394,000 compared to $20,270,000 a year ago. Loss before taxes was $47,350,000 compared to $62,701,000 a year ago. Net income allocated to limited partners was $26,250,000 or $0.47 per diluted limited partner unit compared to $39,638,000 or $0.71 per diluted limited partner unit a year ago. Adjusted EBITDA was $83,777,000 compared to $79,115,000 a year ago. The increase in adjusted EBITDA was driven by the solid revenue growth and a strict focus on cost control. For the second quarter ended June 28, 2015, the company reported loss on impairment of $780,000 compared to $215,000 a year ago. Based on preliminary results, net revenues through August 2, 2015, were approximately $754 million, up 5%, or $39 million, compared with $715 million for the same period last year. The increase was the result of an approximate 2%, or $0.79 increase in average in-park guest per capita spending to $45.87, a 3%, or 484,000-visit, increase in attendance and an 8%, or $6 million increase in out-of-park revenues to $82 million, compared with 2014.

Cedar Fair Entertainment Company Declares Cash Distribution, Payable on September 15, 2015

Cedar Fair Entertainment Company announced the declaration of a cash distribution of $0.75 per LP unit, which is consistent with its targeted annualized distribution rate of $3.00 per LP unit. The distribution will be paid on September 15, 2015, to unitholders of record as of September 3, 2015.

Cedar Fair Entertainment Company Reports Preliminary Revenue Results for the Year to Date Ended July 5, 2015

Cedar Fair Entertainment Company reported preliminary revenue results for the year to date ended July 5, 2015. For the period, net revenues were $491 million, an increase of $24 million, or 5%, when compared with the same period a year ago. The higher net revenues are a result of a 2% increase in attendance, a 2% increase in average in-park guest per capita spending and a 10% increase in out-of-park revenues.

 

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Industry Analysis

FUN

Industry Average

Valuation FUN Industry Range
Price/Earnings 25.8x
Price/Sales 2.6x
Price/Book NM Not Meaningful
Price/Cash Flow 12.5x
TEV/Sales 1.2x
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