FUN Stock Recent News

Cedar Fair has surpassed pre-pandemic metrics, but its stock has lagged. Home Depot shares are trading near a 10-year low valuation.

Cedar Fair, a theme park and entertainment company, has returned to business as usual coming out of the pandemic, but its unit price has not. The company may be undervalued due to valid fears of a 2023 recession.

Cedar Fair, L.P. witnessed a substantially improved operational performance in terms of attendance and in-park as well as out-of-park revenues in 2022. The stock is still trading at around a 20% discount from its 52-week high price.

Cedar Fair, L.P. is currently slightly undervalued compared to its peers. The company has performed well, yet the macroenvironment does not look too positive on the consumer's health.

There's little doubt, in my mind, that most middle-class and upper-class U.S. consumers are in fairly good shape, making February a great time to find undervalued consumer stocks to buy. For evidence of that assertion, look at the recently reported fourth-quarter results of two major automakers: Tesla (NASDAQ: TSLA ) and Stellantis (NYSE: STLA ).

Cedar Fair, L.P. (FUN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Cedar Fair, L.P. (NYSE:FUN ) Q4 2022 Earnings Conference Call February 16, 2023 10:00 AM ET Company Participants Michael Russell - Corporate Director of Investor Relations Richard Zimmerman - President & Chief Executive Officer Brian Witherow - Executive Vice President & Chief Financial Officer Conference Call Participants Chris Woronka - Deutsche Bank Steve Wieczynski - Stifel James Hardiman - Citi Ben Chaiken - Credit Suisse Mike Schwartz - Truist Securities Eric Wold - B.

Cedar Fair LP FUN, +1.33% said Monday it will host a recruiting event at its parks in the U.S. and Canada on Feb. 18-24 to hire about 35,000 seasonal workers for 2023. The Sandusky, Ohio, company said it's planning the largest job fair in its history with positions available for ride operators, food and beverage, lifeguards and aquatics security.

Cedar Fair has done really well from a fundamental perspective lately, with sales and profits rising in response to robust results at its theme parks. Even so, the company has not quite kept up with the market and it is severely discounted compared to similar firms.

Accesso's five-year extension to its Cedar Fair contract underpins its long-term growth potential according to house broker Shore Capital. Berkshire-based Accesso, which claims to have invented virtual ticket queuing, will see its fully hosted ‘Passport eCommerce ticketing suite' used across all 18 of Cedar Fair's parks.