Cedar Fair (NYSE:FUN) Upgraded at StockNews.com

StockNews.com upgraded shares of Cedar Fair (NYSE:FUN) from a sell rating to a hold rating in a research note published on Thursday morning.

A number of other equities analysts also recently commented on the stock. Guggenheim raised their target price on shares of Cedar Fair from $52.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Oppenheimer reduced their price objective on Cedar Fair from $67.00 to $60.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 15th. Jefferies Financial Group began coverage on Cedar Fair in a research report on Monday, December 9th. They issued a “buy” rating and a $59.00 target price for the company. Truist Financial dropped their target price on Cedar Fair from $60.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, October 21st. Finally, Macquarie restated an “outperform” rating and issued a $55.00 price target on shares of Cedar Fair in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cedar Fair currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.07.

Cedar Fair Trading Down 1.1 %

NYSE FUN opened at $49.08 on Thursday. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of -76.69 and a beta of 1.58. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.32 and a current ratio of 0.40. Cedar Fair has a one year low of $35.93 and a one year high of $58.70. The company’s 50 day moving average price is $45.38 and its 200 day moving average price is $45.36.

Hedge Funds Weigh In On Cedar Fair

Large investors have recently modified their holdings of the stock. Torno Capital LLC bought a new stake in Cedar Fair in the second quarter valued at about $4,413,000. Commonwealth Equity Services LLC raised its position in shares of Cedar Fair by 4.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 18,806 shares of the company’s stock valued at $1,022,000 after acquiring an additional 826 shares in the last quarter. Ameritas Advisory Services LLC lifted its stake in Cedar Fair by 31.1% during the second quarter. Ameritas Advisory Services LLC now owns 11,815 shares of the company’s stock worth $642,000 after purchasing an additional 2,804 shares during the last quarter. Mutual of America Capital Management LLC acquired a new position in Cedar Fair in the third quarter worth $260,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Cedar Fair by 94.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,887 shares of the company’s stock valued at $157,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors own 64.65% of the company’s stock.

About Cedar Fair

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. 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 in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.