Cedar Fair (NYSE:FUN) Rating Increased to Hold 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 Wednesday.

Several other analysts have also commented on FUN. 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. Citigroup raised their price target on shares of Cedar Fair from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Macquarie reiterated an “outperform” rating and set a $55.00 price objective on shares of Cedar Fair in a research note on Thursday, November 7th. Guggenheim lifted their target price on shares of Cedar Fair from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, The Goldman Sachs Group lowered their price objective on Cedar Fair from $55.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the 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 Stock Down 2.7 %

Cedar Fair stock opened at $46.25 on Wednesday. The business has a fifty day moving average price of $44.01 and a 200-day moving average price of $45.11. Cedar Fair has a 1-year low of $35.93 and a 1-year high of $58.70. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of -72.26 and a beta of 1.58. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.40 and a quick ratio of 0.32.

Institutional Investors Weigh In On Cedar Fair

Institutional investors have recently added to or reduced their stakes in the company. Torno Capital LLC purchased a new stake in shares of Cedar Fair during the 2nd quarter worth about $4,413,000. Brookstone Capital Management purchased a new stake in Cedar Fair during the 2nd quarter worth $215,000. Wealth Enhancement Advisory Services LLC increased its holdings in Cedar Fair by 26.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,688 shares of the company’s stock valued at $418,000 after purchasing an additional 1,620 shares in the last quarter. Mutual of America Capital Management LLC purchased a new position in Cedar Fair in the third quarter valued at about $260,000. Finally, S.A. Mason LLC boosted its position in shares of Cedar Fair by 63.1% in the third quarter. S.A. Mason LLC now owns 993 shares of the company’s stock worth $40,000 after buying an additional 384 shares during the period. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Cedar Fair Company Profile

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.