Cedar Fair, L.P. owns and operates amusement and water parks, and complementary resort facilities in the United States and Canada. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park & Wildwater Kingdom in Allentown, Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St. Paul, Minnesota; Michigan's Adventure situated near Muskegon, Michigan; Schlitterbahn Waterpark & Resort New Braunfels in New Braunfels, Texas; and Schlitterbahn Waterpark Galveston in Galveston, Texas. The company also manages and operates Gilroy Gardens Family Theme Park in Gilroy, California; and owns and operates the Castaway Bay Indoor Waterpark Resort, Hotel Breakers, Cedar Point's Express Hotel, and Sawmill Creek Resort. As of February 17, 2021, the company operated 13 properties, which included 11 amusement parks, four separately gated outdoor water parks, and resort accommodations totaling approximately 2,300 rooms and 600 luxury RV sites; and an additional theme park in California under a management contract. Cedar Fair Management, Inc. serves as the general partner of Cedar Fair, L.P. The company was founded in 1983 and is headquartered in Sandusky, Ohio.
IPO Year:
Exchange: NYSE
Website: cedarfair.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/29/2024 | $52.00 | Buy | Guggenheim |
| 10/15/2024 | $67.00 → $60.00 | Outperform | Oppenheimer |
| 8/6/2024 | $50.00 | Underweight | JP Morgan |
| 7/18/2024 | $64.00 | Outperform | Macquarie |
| 7/12/2024 | $53.00 → $68.00 | Buy | Stifel |
| 7/9/2024 | $62.00 | Buy | Truist |
| 3/26/2024 | $56.00 | Buy | Mizuho |
| 2/8/2024 | $49.00 | Outperform | Oppenheimer |
| 11/3/2023 | $40.00 → $46.00 | Neutral → Buy | Citigroup |
| 7/7/2023 | $50.00 → $41.00 | Buy → Neutral | Citigroup |
Guggenheim initiated coverage of Six Flags Entertainment with a rating of Buy and set a new price target of $52.00
Oppenheimer reiterated coverage of Six Flags Entertainment with a rating of Outperform and set a new price target of $60.00 from $67.00 previously
JP Morgan initiated coverage of Six Flags Entertainment with a rating of Underweight and set a new price target of $50.00
Macquarie resumed coverage of Six Flags Entertainment with a rating of Outperform and set a new price target of $64.00
Stifel resumed coverage of Six Flags Entertainment with a rating of Buy and set a new price target of $68.00 from $53.00 previously
Truist resumed coverage of Six Flags Entertainment with a rating of Buy and set a new price target of $62.00
Mizuho initiated coverage of Cedar Fair with a rating of Buy and set a new price target of $56.00
Oppenheimer initiated coverage of Cedar Fair with a rating of Outperform and set a new price target of $49.00
Citigroup upgraded Cedar Fair from Neutral to Buy and set a new price target of $46.00 from $40.00 previously
Citigroup downgraded Cedar Fair from Buy to Neutral and set a new price target of $41.00 from $50.00 previously
10-Q - Six Flags Entertainment Corporation/NEW (0001999001) (Filer)
8-K - Six Flags Entertainment Corporation/NEW (0001999001) (Filer)
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New rides, attractions, themed areas, dining upgrades, technology and infrastructure improvements planned across network of 42 parks in North America Six Flags Entertainment Corporation (NYSE:FUN), the largest amusement park operator in North America, today announced it will invest more than $1 billion over the next two years to enhance the guest experience at its 42 parks. The investments, which will total between $500 million and $525 million in both 2025 and 2026, will include new rides, attractions, themed areas, dining upgrades, and technology enhancements that are sure to deliver an unparalleled level of fun and excitement to guests of all ages. "Our capital investment plans for
Award-Winning Wing Brand Debuts First Theme Park Location LOS ANGELES, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Hurricane Grill & Wings, the award-winning wing chain owned by FAT Brands Inc. is thrilled to announce the opening of a new location at Six Flags Great Escape Lodge, Lake George's premier family resort destination. As the hotel's brand-new, flagship dining option, the restaurant brings a vibrant, laid-back atmosphere with delicious menu offerings to both resort guests and the Lake George regional community. "This opening marks an exciting milestone for Hurricane Grill & Wings—our first theme park location to date," said President and Chief Operating Officer of Hurricane Grill & Wi
Outstanding October performance underscores strong momentum heading into 2025 Targeting at least $800 million of annual unlevered pre-tax free cash flow(1) by 2027 Six Flags Entertainment Corporation (NYSE:FUN), the largest regional amusement park operator in North America, today announced financial results for the quarter ended Sept. 29, 2024, and new long-range strategic objectives. On July 1, 2024, legacy Cedar Fair and legacy Six Flags closed the merger transactions (the "Merger") to form the new Six Flags Entertainment Corporation (the "Combined Company"). Legacy Cedar Fair has been determined to be the accounting acquirer for financial statement purposes. Accordingly, the report
Six Flags Entertainment Corporation (NYSE:FUN), the largest regional amusement park operator in North America, said today it will issue 2024 third-quarter financial results on Wednesday Nov. 6, 2024. Starting at 10 a.m. EST that day, Six Flags management will host a conference call with the investment community to provide additional details regarding 2024 third-quarter results and discuss the Company's business outlook. Management participants on the call will include Six Flags CEO Richard Zimmerman and CFO Brian Witherow. Investors and all other interested parties can access a live, listen-only audio webcast of the call on the Six Flags investor website https://investors.sixflags.com und
A total of 28 rides, attractions and live events across the park network also recognized Six Flags Entertainment Corporation (NYSE:FUN), the largest amusement park operator in North America, today announced it has earned two repeat honors in Amusement Today's annual Golden Ticket Awards (GTA). Schlitterbahn Waterpark Resort in New Braunfels, Texas, was recognized as the "World's Best Water Park" for an unprecedented 26th time. Schlitterbahn is an iconic Central Texas property best known for its unique spring-fed river setting and German heritage. With 45 attractions across 70 acres, including the new Schatze's Storybrook Park area for kids, Schlitterbahn remains a fan favorite and a one
Charlotte, N.C., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Carowinds has announced an exciting lineup of fall events, including the debut of Tricks and Treats and Oktoberfest, alongside the return of the Carolinas' premier Halloween event, SCarowinds. For the first time since its debut in 2000, SCarowinds will no longer require a separate ticket, meaning guests can experience the thrills of their favorite rides at Carowinds, plus enjoy family-friendly fun at Tricks and Treats and Oktoberfest during the day and the chilling allure of SCarowinds at night — all included with a single admission ticket. "For the first time, SCarowinds will not require a separate ticket, offering guests the ultimate
Vaughan, ON, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Canada's Wonderland, an amusement park just north of Toronto, is inviting guests to face nature's wrath next year on AlpenFury, the longest, tallest and fastest launch coaster in Canada. When fire and ice come together inside the mysterious Wonder Mountain, the force will propel riders into a thrilling journey beginning with a launch that blasts the train out the summit, 164 feet into the sky. The coaster will span 3,281 feet across the park, reaching speeds of 71 mph, flipping and twisting through nine breathtaking inversions – the most of any launch coaster in North America. "AlpenFury is a world-class attraction, and we're excited for th
Charlotte, N.C., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Carowinds' Camp Snoopy will unveil two new family-friendly attractions in 2025 as part of the largest investment in family attractions in the park's history: a new family launch roller coaster and an interactive raft ride. These additions, alongside splash play zones and a meet-and-greet experience with Peanuts™ costume characters, offer more spots for families to cool off and new character experiences. The new attractions promise endless adventured fun for guests of all ages, making Camp Snoopy a must-visit destination for family fun in 2025. New Attractions: Snoopy's Racing Railway: Guests can join Snoopy as he races to deliver r
Merger integration proceeding well with early strategic initiatives already implemented to improve the guest experience and provide consistency across park operations Six Flags Entertainment Corporation (NYSE:FUN), the largest regional amusement park operator in North America, today announced financial results for standalone legacy Cedar Fair and standalone legacy Six Flags for the quarter ended June 30, 2024. The merger of legacy Cedar Fair and legacy Six Flags occurred on July 1, 2024, after the second quarter close. Legacy Cedar Fair Second Quarter Highlights(1) 53 net additional operating days compared to Q2-2023. Net revenues totaled a record $572 million, an increase of 14
Carowinds' Historic Investment Includes Two Major New Family Attractions CHARLOTTE, N.C., Aug. 7, 2024 /PRNewswire/ -- Carowinds' Camp Snoopy will unveil two new family-friendly attractions in 2025 as part of the largest investment in family attractions in the park's history: a new family launch roller coaster and an interactive raft ride. These additions, alongside splash play zones and a meet-and-greet experience with Peanuts™ costume characters, offer more spots for families to cool off and new character experiences. The new attractions promise endless adventured fun for guests of all ages, making Camp Snoopy a must-visit destination for family fun in 2025.
Award-Winning Wing Brand Debuts First Theme Park Location LOS ANGELES, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Hurricane Grill & Wings, the award-winning wing chain owned by FAT Brands Inc. is thrilled to announce the opening of a new location at Six Flags Great Escape Lodge, Lake George's premier family resort destination. As the hotel's brand-new, flagship dining option, the restaurant brings a vibrant, laid-back atmosphere with delicious menu offerings to both resort guests and the Lake George regional community. "This opening marks an exciting milestone for Hurricane Grill & Wings—our first theme park location to date," said President and Chief Operating Officer of Hurricane Grill & Wi
Outstanding October performance underscores strong momentum heading into 2025 Targeting at least $800 million of annual unlevered pre-tax free cash flow(1) by 2027 Six Flags Entertainment Corporation (NYSE:FUN), the largest regional amusement park operator in North America, today announced financial results for the quarter ended Sept. 29, 2024, and new long-range strategic objectives. On July 1, 2024, legacy Cedar Fair and legacy Six Flags closed the merger transactions (the "Merger") to form the new Six Flags Entertainment Corporation (the "Combined Company"). Legacy Cedar Fair has been determined to be the accounting acquirer for financial statement purposes. Accordingly, the report
Six Flags Entertainment Corporation (NYSE:FUN), the largest regional amusement park operator in North America, said today it will issue 2024 third-quarter financial results on Wednesday Nov. 6, 2024. Starting at 10 a.m. EST that day, Six Flags management will host a conference call with the investment community to provide additional details regarding 2024 third-quarter results and discuss the Company's business outlook. Management participants on the call will include Six Flags CEO Richard Zimmerman and CFO Brian Witherow. Investors and all other interested parties can access a live, listen-only audio webcast of the call on the Six Flags investor website https://investors.sixflags.com und
Merger integration proceeding well with early strategic initiatives already implemented to improve the guest experience and provide consistency across park operations Six Flags Entertainment Corporation (NYSE:FUN), the largest regional amusement park operator in North America, today announced financial results for standalone legacy Cedar Fair and standalone legacy Six Flags for the quarter ended June 30, 2024. The merger of legacy Cedar Fair and legacy Six Flags occurred on July 1, 2024, after the second quarter close. Legacy Cedar Fair Second Quarter Highlights(1) 53 net additional operating days compared to Q2-2023. Net revenues totaled a record $572 million, an increase of 14
Six Flags Entertainment Corporation (NYSE:FUN), the largest and most diverse amusement park operator in North America, said today it will issue 2024 second-quarter pre-merger financial results for legacy Cedar Fair, L.P. and legacy Six Flags Entertainment Corporation pre-market Thursday August 8, 2024. Starting at 10 a.m. EDT, Six Flags management will host a conference call with the investment community to provide additional details regarding 2024 second-quarter results and discuss the Company's business outlook. Management participants will include Six Flags CEO Richard Zimmerman and CFO Brian Witherow. Investors and all other interested parties can access a live, listen-only audio we
Cedar Fair, L.P. (NYSE:FUN) ("Cedar Fair") and Six Flags Entertainment Corporation (NYSE:SIX) ("Six Flags"), today announced that they notified the New York Stock Exchange ("NYSE") that the closing of Cedar Fair and Six Flags' previously announced merger of equals (the "Mergers") is expected to occur on July 1, 2024 (the "Expected Closing Date"). The completion of the Mergers is subject to the satisfaction or waiver of a number of conditions set forth in the merger agreement relating to the Mergers, including the satisfaction of regulatory conditions. Six Flags today additionally announced that its Board of Directors has declared a special dividend of $1.53 per share of Six Flags common s
Six Flags Entertainment Corporation (NYSE:SIX), the world's largest regional theme park company and the largest operator of water parks in North America, today reported first quarter Revenue of $133 million, Net Loss of $83 million, and Adjusted EBITDA(1) loss of $26 million. "Our 2024 season is off to a promising start, with 2024 season pass sales through April increasing by double-digits compared to last year, pre-booked group sales approaching pre-pandemic levels, and our park beautification and technology initiatives resonating strongly with our guests," said Selim Bassoul, President and CEO. "We remain focused on delivering a world-class experience for our guests, and we are excited
Delivered solid first-quarter performance with strong momentum across key long-lead indicators Completed opportunistic debt refinancing, further enhancing the Company's capital structure and financial flexibility Board declares quarterly cash distribution of $0.30 per LP unit, payable June 19, 2024 Cedar Fair Entertainment Company (NYSE:FUN), a leader in regional amusement parks, water parks and immersive entertainment, today announced financial results for its first quarter ended March 31, 2024, which included a planned extra week compared to the first quarter of 2023 due to a fiscal calendar shift. To provide more informative comparisons, results for the first quarter of 2024 ar
Cedar Fair Entertainment Company (NYSE:FUN), a leader in regional amusement parks, water parks and immersive entertainment, said today it will issue its 2024 first-quarter financial results in the pre-market hours of Thursday, May 9, 2024. Later that morning, Cedar Fair management will host a conference call with the investment community, starting at 10 a.m. EDT, to provide additional details regarding 2024 first-quarter results and discuss the Company's business outlook. Participants on the call will include Cedar Fair CEO Richard Zimmerman, CFO Brian Witherow, and Corporate Director of Investor Relations Michael Russell. Investors and all other interested parties can access a live, li
Six Flags Entertainment Corporation (NYSE:SIX), the world's largest regional theme park company and the largest operator of water parks in North America, today reported fourth quarter Revenue of $293 million, Net Loss of $22 million, and Adjusted EBITDA(1) of $98 million. For the full year, the company reported revenue of $1,426 million, Net Income of $39 million, and Adjusted EBITDA(1) of $462 million. "As we close out our second year pursuing our premiumization strategy, we are encouraged by the progress we have made to date. Since 2021, we have grown guest spending per capita by 17%, lowered cash expense in the face of historical levels of inflation, leveraged key partnerships to expan
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Macquarie analyst Paul Golding initiates coverage on Six Flags Entertainment (NYSE:FUN) with a Outperform rating and announces Price Target of $64.
Goldman Sachs analyst Lizzie Dove assumes Six Flags Entertainment (NYSE:FUN) with a Neutral rating and announces Price Target of $63.
Truist Securities analyst Michael Swartz assumes Six Flags Entertainment (NYSE:FUN) with a Buy rating and announces Price Target of $62.
Oppenheimer analyst Ian Zaffino maintains Cedar Fair (NYSE:FUN) with a Outperform and raises the price target from $49 to $67.
Morgan Stanley analyst Thomas Yeh maintains Cedar Fair (NYSE:FUN) with a Overweight and raises the price target from $55 to $65.
Cedar Fair, L.P. and Six Flags Entertainment Corporation today announced that the regulatory conditions for their previously announced merger of equals (the "Mergers") have been satisfied, permitting the companies to proceed with the closing of the Mergers (the "Closing"). The parties expect Closing to occur on July 1, 2024, following the satisfaction of remaining customary closing conditions. Immediately following the Closing, the combined company will be renamed "Six Flags Entertainment Corporation" and trading of the combined company's common stock on the New York Stock Exchange is expected to begin on July 2, 2024, under the ticker symbol "FUN."
U.S. stocks were slightly higher, with the Dow Jones index gaining around 0.1% on Tuesday. Shares of Patterson Companies, Inc. (NASDAQ:PDCO) rose sharply during Tuesday's session following quarterly results. Patterson Cos posted adjusted earnings of 82 cents per share on sales of $1.723 billion, according to data from Benzinga Pro. Patterson Companies shares climbed 9.7% to $25.06 on Tuesday. Here are some other big stocks recording gains in today’s session. Silk Road Medical, Inc (NASDAQ:SILK) shares climbed 23.8% to $26.83 after the company entered a definitive deal to be acquired by Boston Scientific for $27.50 per share. La-Z-Boy Incorporated (NYSE:LZB) surged 17.7% to
Allentown, PA, April 17, 2024 (GLOBE NEWSWIRE) -- Northeast's First Dive Coaster Ready to Thrill at Dorney Park & Wildwater Kingdom Preseason Preview Days Highlight First Month of Operation for Iron Menace (ALLENTOWN, PA) April 17, 2024 – Dorney Park & Wildwater Kingdom is diving into a new era of thrills with the official opening of the Northeast's first dive roller coaster Iron Menace. Park officials will cut the ribbon for the ride this morning, before giving partners, guests and the media a chance to experience the 95-degree, 160-foot drop, four inversion Menace. Iron Menace is then set to delight the public on Friday, April 19th during the park's first Ride for a Cause e
Cedar Fair, L.P. (NYSE:FUN), a leader in regional amusement parks, water parks and immersive entertainment, today announced its unitholders elected Nina Barton, Matthew A. Ouimet, and Richard A. Zimmerman to the Board of Directors of its general partner, Cedar Fair Management, Inc., for three-year terms expiring in 2026. The limited partners also confirmed the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm, approved an advisory vote on the compensation of the Company's named executive officers, and confirmed a one-year frequency for unitholder advisory votes on executive compensation. "I would like to welcome Nina to our Board and am
Cedar Fair, L.P. (NYSE:FUN), a leader in regional amusement parks, water parks and immersive entertainment, today announced the appointment of two new members to its Board of Directors ("Board"), as well as the resignation of two current directors, all changes effective Oct. 3, 2022. The new directors include Michelle McKinney Frymire, former chief executive officer of CWT (formerly Carlson Wagonlit Travel), and Jennifer Mason, global officer, treasurer, and risk management for Marriott International. The outgoing directors are Debra Smithart-Oglesby, president of O&S Partners, and Lauri M. Shanahan, former chief administrative officer of Gap, Inc., both of whom have served on Cedar Fair's
Cedar Fair Entertainment Company (NYSE:FUN), a leader in regional amusement parks, water parks and immersive entertainment, today announced that its unitholders reelected Louis Carr, D. Scott Olivet, and Carlos A. Ruisanchez to the Board of Directors of its general partner, Cedar Fair Management, Inc., for three-year terms expiring in 2025. The limited partners also confirmed the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm and approved an advisory vote on the compensation of the Company's named executive officers. "We are pleased to announce the reelection of Louis, Scott and Carlos to our Board," said President and CEO Richard A. Zi
Cedar Fair Entertainment Company (NYSE:FUN), a leader in regional amusement parks, water parks and immersive entertainment, today announced that its unitholders reelected Daniel J. Hanrahan, Lauri M. Shanahan, and Debra Smithart-Oglesby to the Board of Directors of its general partner, Cedar Fair Management, Inc., for three-year terms expiring in 2024. The limited partners also confirmed the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm and approved an advisory vote on the compensation of the Company's named executive officers. "We are pleased to announce the reelection of Dan, Lauri and Debra to our Board," said President and CEO Rich
SANDUSKY, Ohio--(BUSINESS WIRE)--Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement parks, water parks and immersive entertainment, announced today that Mr. Seenu Sarma has joined its executive team as senior vice president and chief procurement officer. “We are pleased Seenu has joined Cedar Fair to lead a transformational initiative to centralize procurement activities across our entire portfolio of entertainment properties,” said President and CEO Richard A. Zimmerman. “Seenu’s arrival is well-timed and coincides with our broader initiative aimed at optimizing the efficiency and cost structure of our business infrastructure. I’m confident his strategi
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