cedar fair is a publicly traded partnership headquartered in sandusky, ohio, and one of the largest regional amusement-resort operators in the world. the partnership owns and operates 11 amusement parks, six outdoor water parks, one indoor water park and five hotels. amusement parks in the company’s northern region include two in ohio: cedar point, consistently voted “best amusement park in the world” in amusement today polls, and kings island; as well as canada’s wonderland, near toronto; dorney park, pa; valleyfair, mn; and michigan’s adventure, mi. in the southern region are kings dominion, va; carowinds, nc; and worlds of fun, mo. western parks in california include: knott’s berry farm; great america; and gilroy gardens family theme park, which is managed under contract.
Company profile
Ticker
FUN
Exchange
Website
CEO
Richard Zimmerman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
International Game Technology • Walt Disney Co (The) • DraftKings Inc. - Ordinary Shares • Six Flags Entertainment • United Parks & Resorts • Vail Resorts • Madison Square Garden Sports Corp - Ordinary Shares • Madison Square Garden Entertainment • Vivid Seats Inc - Ordinary Shares • RedBall Acquisition ...
SEC CIK
Corporate docs
Subsidiaries
Millennium Operations LLC • Magnum Management Corporation • Cedar Fair Southwest Inc. • Michigan's Adventure, Inc. • Kings Island Company • Wonderland Company Inc. • Canada's Wonderland Company • Cedar Point Park LLC • Valleyfair LLC • Worlds of Fun LLC ...
IRS number
341560655
FUN stock data
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
9 May 24
425
Business combination disclosure
9 May 24
8-K
Cedar Fair Reports First Quarter 2024 Results
9 May 24
8-K
Cedar Fair Announces Successful Closing of $1.0 Billion Term Loan B and $300 Million Revolving Credit Facility
2 May 24
10-K/A
2023 FY
Annual report (amended)
29 Apr 24
8-K
Cedar Fair Announces Conditional Full Redemption of All Outstanding 5.500% Notes Due May 2025
11 Apr 24
8-K
Investor Presentation February 2024
26 Feb 24
10-K
2023 FY
Annual report
16 Feb 24
425
Business combination disclosure
15 Feb 24
8-K
Cedar Fair Reports Results for 2023
15 Feb 24
Transcripts
FUN
Earnings call transcript
2024 Q1
9 May 24
FUN
Earnings call transcript
2023 Q4
15 Feb 24
FUN
Earnings call transcript
2023 Q3
2 Nov 23
FUN
Earnings call transcript
2023 Q2
3 Aug 23
FUN
Earnings call transcript
2023 Q2
3 Aug 23
FUN
Earnings call transcript
2023 Q1
4 May 23
FUN
Earnings call transcript
2022 Q4
16 Feb 23
FUN
Earnings call transcript
2022 Q3
2 Nov 22
FUN
Earnings call transcript
2022 Q2
3 Aug 22
FUN
Earnings call transcript
2022 Q1
4 May 22
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 35.13 mm | 35.13 mm | 35.13 mm | 35.13 mm | 35.13 mm | 35.13 mm |
Cash burn (monthly) | 10.12 mm | (no burn) | 55.29 mm | (no burn) | 36.87 mm | (no burn) |
Cash used (since last report) | 23.44 mm | n/a | 128.05 mm | n/a | 85.38 mm | n/a |
Cash remaining | 11.69 mm | n/a | -92.92 mm | n/a | -50.25 mm | n/a |
Runway (months of cash) | 1.2 | n/a | -1.7 | n/a | -1.4 | n/a |
Institutional ownership, Q3 2023
33.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 39 |
Opened positions | 3 |
Closed positions | 3 |
Increased positions | 10 |
Reduced positions | 10 |
13F shares | Current |
---|---|
Total value | 322.23 bn |
Total shares | 16.93 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Goldman Sachs & Co | 4.34 mm | $170.85 mm |
GS Goldman Sachs | 3.47 mm | $128.37 bn |
JPM JPMorgan Chase & Co. | 3.37 mm | $124.72 bn |
BCS Barclays | 2.31 mm | $85.30 mm |
CCP SBS GP | 1.56 mm | $0.00 |
Neuberger Berman | 1.54 mm | $56.85 bn |
Keybank National Association | 78.10 k | $2.89 bn |
Aurora Investment Counsel | 57.89 k | $2.14 bn |
T. Rowe Price | 48.81 k | $1.80 bn |
Schulhoff & Co | 32.44 k | $1.20 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 Mar 24 | Nurse Brian | Units of Limited Partner Interest | Grant | Acquire A | No | No | 0 | 7,234 | 0.00 | 27,974 |
28 Mar 24 | Charles Myers | Units of Limited Partner Interest | Grant | Acquire A | No | No | 0 | 2,532 | 0.00 | 13,882 |
28 Mar 24 | David R. Hoffman | Units of Limited Partner Interest | Grant | Acquire A | No | No | 0 | 2,995 | 0.00 | 55,739 |
28 Mar 24 | Monica Sauls | Units of Limited Partner Interest | Grant | Acquire A | No | No | 0 | 3,617 | 0.00 | 18,479 |
28 Mar 24 | Fisher Tim | Units of Limited Partner Interest | Grant | Acquire A | No | No | 0 | 12,009 | 0.00 | 120,865 |
News
Mizuho Maintains Buy on Cedar Fair, Lowers Price Target to $55
15 May 24
Truist Securities Maintains Buy on Cedar Fair, Raises Price Target to $50
10 May 24
Roller Coaster Revival: Cedar Fair's Q1 Sales Soar, Despite Hurdles, Eyes Set on Thrilling Season Ahead
9 May 24
Cedar Fair Q1 2024 GAAP EPS $(2.63) Misses $(2.41) Estimate, Sales $101.615M Beat $92.356M Estimate
9 May 24
Truist Securities Maintains Buy on Cedar Fair, Lowers Price Target to $45
3 May 24
Press releases
Six Flags Reports First Quarter 2024 Performance
9 May 24
Cedar Fair Reports First Quarter 2024 Results
9 May 24
Cedar Point's record-breaking Top Thrill 2™ roller coaster opens Saturday
30 Apr 24
SCHLITTERBAHN NEW BRAUNFELS WATERPARK TO OPEN NEW CHILDREN'S AREA FEATURING THE WORLD'S FIRST WATER COASTER FOR KIDS
25 Apr 24
NEW PHOTOS/VIDEO & FREE SATELLITE FEED AVAILABLE: Northeast's First Dive Coaster Ready to Thrill at Dorney Park & Wildwater Kingdom
17 Apr 24