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 • United Parks & Resorts • Six Flags Entertainment • 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)
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
425
Business combination disclosure
12 Feb 24
8-K
Departure of Directors or Certain Officers
12 Feb 24
425
Business combination disclosure
31 Jan 24
8-K
Regulation FD Disclosure
31 Jan 24
425
Business combination disclosure
22 Jan 24
8-K
Other Events
22 Jan 24
Transcripts
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 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
FUN
Earnings call transcript
2021 Q4
16 Feb 22
FUN
Earnings call transcript
2021 Q3
3 Nov 21
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
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) | 134.39 mm | 134.39 mm | 134.39 mm | 134.39 mm | 134.39 mm | 134.39 mm |
Cash burn (monthly) | (no burn) | 12.83 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 79.22 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 55.17 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 4.3 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
33.2% 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 |
---|---|---|---|---|---|---|---|---|---|---|
26 Feb 24 | Charles Myers | Units of Limited Partner Interest | Payment of exercise | Dispose F | No | No | 39.24 | 1,173 | 46.03 k | 11,350 |
26 Feb 24 | Charles Myers | Units of Limited Partner Interest | Grant | Acquire A | No | No | 0 | 2,588 | 0.00 | 12,523 |
26 Feb 24 | Charles Myers | Units of Limited Partner Interest | Payment of exercise | Dispose F | No | No | 39.24 | 1,019 | 39.99 k | 9,935 |
26 Feb 24 | Fisher Tim | Units of Limited Partner Interest | Payment of exercise | Dispose F | No | No | 39.24 | 5,573 | 218.68 k | 108,856 |
26 Feb 24 | Fisher Tim | Units of Limited Partner Interest | Grant | Acquire A | No | No | 0 | 12,677 | 0.00 | 114,429 |
26 Feb 24 | Fisher Tim | Units of Limited Partner Interest | Payment of exercise | Dispose F | No | No | 39.24 | 4,481 | 175.83 k | 101,752 |
26 Feb 24 | Monica Sauls | Units of Limited Partner Interest | Payment of exercise | Dispose F | No | No | 39.24 | 563 | 22.09 k | 14,862 |
26 Feb 24 | David R. Hoffman | Units of Limited Partner Interest | Payment of exercise | Dispose F | No | No | 39.24 | 1,461 | 57.33 k | 52,744 |
26 Feb 24 | David R. Hoffman | Units of Limited Partner Interest | Grant | Acquire A | No | No | 0 | 3,280 | 0.00 | 54,205 |
26 Feb 24 | David R. Hoffman | Units of Limited Partner Interest | Payment of exercise | Dispose F | No | No | 39.24 | 1,268 | 49.76 k | 50,925 |
News
Mizuho Initiates Coverage On Cedar Fair with Buy Rating, Announces Price Target of $56
26 Mar 24
Keybanc Maintains Overweight on Cedar Fair, Raises Price Target to $52
16 Feb 24
Cedar Fair's Strategic Merger with Six Flags Moves Forward Amid Record Guest Numbers and Financial Results
15 Feb 24
Earnings Scheduled For February 15, 2024
15 Feb 24
Cedar Fair CEO Richard Zimmerman Expects DOJ to Complete Review of Six Flags Merger in the First Half
15 Feb 24
Press releases
VIDEO: Dorney Park Releases First Official ON RIDE Point of View Video from New Iron Menace Roller Coaster
25 Mar 24
Carowinds Announces New Summer Music Festival Amplified by Coke Studio™
13 Mar 24
Cedar Fair Announces Availability of 2023 K-1 Tax Packages
4 Mar 24
Six Flags Reports Fourth Quarter and Full Year 2023 Performance
29 Feb 24
Cedar Fair Reports Results for 2023
15 Feb 24