Cedar Fair L.P. (NYSE: FUN) owns and operates 11 theme parks and has water parks and five hotels. Unlike Disney and Universal, Cedar Fair owns no TV and cable networks and is not a maker of movies, nor is too worried about merchandise sales disappearing. An overwhelming majority of sales are at the theme parks, and it has had record-breaking results. Six Flags is also within Cedar Fair’s realm of being anti-Amazon-targeting. It seems worthwhile to point out that as virtual reality become virtually more real that theme parks might lose some of their at-the-margin customers, but there are some things in real life that can’t be as fun virtually. At $68.50 a share, Cedar Fair has a 4.9% dividend yield, and its consensus target price is up above $77.
Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY) is a top destination for entertainment and dining, for adults and families alike. There are food and beverages for kids and adults, and on top of video games galore they have live sports viewing venues. As of June 2017, Dave & Buster’s had only 99 stores in North America, and the company sees a path to reaching more than 200 stores ahead. Its shares recently traded at $65.00, with a consensus price target of $78.25. The stock has no dividend to fund its ongoing growth, but it does have an expanded share buyback plan it can use as a return of capital to shareholders.
Dunkin’ Brands Group Inc. (NASDAQ: DNKN) has the Dunkin’ Donuts and Baskin-Robbins brands, both of which are at-the-moment for consumer demand. Maybe ice cream and donuts can be delivered down the road, but the price point (even thinking about future drone delivery and Amazon Eats) seems a stretch that its growth potential remains large. Dunkin’ shareholders receive 2.35% dividend yield, and the $53.90 share price compares with a consensus price target of $55.95.
McDonald’s Corp. (NYSE: MCD) probably isn’t too worried about Amazon getting into a franchise fast-food chain business model. The world’s largest global food service retailer by value, and its 36,000 or so locations in over 100 countries is only behind the nearly 45,000 global franchise locations of Subway. McDonald’s also has come roaring back after a turnaround due to all-day breakfast and other initiatives. With shares at $154.00, its investors receive a 2.4% dividend yield, and the consensus target price is $158.60.
Starbucks Corp. (NASDAQ: SBUX) is the king of global coffee and super-fast casual beverages and food. Perhaps the grocery store model disruption could be a small risk, but the Starbucks primary model of owning and licensing chain stores is now more than 25,000 and growing. Starbucks now pays its shareholders a 1.7% dividend yield, and its $57.80 share price compares with a $66.52 consensus analyst target.
Waste Management Inc. (NYSE: WM) is in the lovely business of waste management, servicing cities, consumers and businesses. On top of just collecting trash, it has recycling and landfills that have to be considered. The former is becoming nearly impossible to get legal permits for due to environmental concerns. Still, humans create a lot of trash, and that trash ultimately has to go somewhere. There is even an argument to be made that Waste Management and its rivals could be forced to raise prices on the consumer side due to endless numbers of packages and goods being shipped to homes and businesses. At $73.70 a share, Waste Management pays a 2.3% dividend yield, and it has a consensus target price of $78.40. Rival junkyard dog Republic Services also has little to fear from Bezos.
Wynn Resorts Ltd. (NASDAQ: WYNN) may not be immune to economic sensitivity, but it seems very unlikely that Bezos wants to go into owning luxury hotel and casino properties in Las Vegas and Macau, and Wynn has an upcoming hotel in Massachusetts. The company wins from food, gambling, entertainment venues and hotels, all of which have yet to feel any real impact from the likes of HomeAway and Airbnb. Steve Wynn has built an empire that is more upscale than most casinos as well. It also seems unlikely that Bezos would want the regulations tied to casinos and gambling, even in an online future. At $134.00 a share, Wynn pays investors a 1.5% yield. The consensus target price is now above $136.