Shares of Cedar Fair, L.P. (NYSE:FUN) shot up 2.3% during trading on Wednesday . The stock traded as high as $58.36 and last traded at $58.20, with a volume of 355,763 shares. The stock had previously closed at $56.87.

Several brokerages have commented on FUN. Zacks Investment Research upgraded shares of Cedar Fair, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. Janney Montgomery Scott reiterated a “buy” rating and issued a $69.00 price target on shares of Cedar Fair, L.P. in a research note on Monday, May 23rd. FBR & Co reiterated a “buy” rating and issued a $68.00 price target (up previously from $60.00) on shares of Cedar Fair, L.P. in a research note on Friday, July 15th. Finally, Macquarie upgraded shares of Cedar Fair, L.P. from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $60.00 to $65.00 in a research note on Friday, July 8th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Cedar Fair, L.P. currently has a consensus rating of “Buy” and a consensus target price of $65.29.

The stock has a market cap of $3.26 billion and a P/E ratio of 22.32. The company’s 50-day moving average is $59.58 and its 200 day moving average is $58.62.

Cedar Fair, L.P. (NYSE:FUN) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $1.03 EPS for the quarter, missing the Zacks’ consensus estimate of $1.07 by $0.04. During the same quarter last year, the firm posted $1.02 earnings per share. The company had revenue of $388 million for the quarter, compared to analysts’ expectations of $390.43 million. The company’s revenue was up 2.8% compared to the same quarter last year. Analysts predict that Cedar Fair, L.P. will post $3.65 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Tuesday, September 6th will be paid a $0.825 dividend. The ex-dividend date is Thursday, September 1st. This represents a $3.30 dividend on an annualized basis and a yield of 5.67%.

In other Cedar Fair, L.P. news, Director Thomas Klein acquired 3,000 shares of the stock in a transaction that occurred on Thursday, June 2nd. The shares were purchased at an average cost of $58.65 per share, with a total value of $175,950.00. Following the purchase, the director now owns 17,073 shares in the company, valued at $1,001,331.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cedar Fair, L.P. is an operator of regional amusement parks. The Company owns approximately 10 amusement parks, three outdoor water parks, an indoor water park and five hotels. The Company operates through amusement/water parks with accompanying resort facilities segment. 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 (Dorney Park), located near Allentown in South Whitehall Township, Pennsylvania; Valleyfair, located near Minneapolis/St.

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