Cedar Fair (NYSE:FUN) Now Covered by Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of Cedar Fair (NYSE:FUN) in a research report released on Monday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $59.00 price objective on the stock.

Several other research analysts have also issued reports on FUN. Guggenheim upped their target price on shares of Cedar Fair from $52.00 to $55.00 and gave the stock a “buy” rating in a research report 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 report on Tuesday, October 15th. Truist Financial decreased their price objective on Cedar Fair from $60.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft cut their target price on Cedar Fair from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Friday, October 4th. Finally, Citigroup lifted their price target on shares of Cedar Fair from $53.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Cedar Fair has an average rating of “Moderate Buy” and a consensus price target of $56.07.

Cedar Fair Trading Down 1.2 %

Cedar Fair stock opened at $46.69 on Monday. 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 fifty-two week low of $35.93 and a fifty-two week high of $58.70. The stock has a market cap of $4.68 billion, a P/E ratio of -72.95 and a beta of 1.58. The firm’s fifty day moving average price is $42.76 and its 200-day moving average price is $44.95.

Hedge Funds Weigh In On Cedar Fair

Several hedge funds have recently bought and sold shares of the business. S.A. Mason LLC boosted its stake in shares of Cedar Fair by 63.1% during the third quarter. S.A. Mason LLC now owns 993 shares of the company’s stock valued at $40,000 after purchasing an additional 384 shares during the period. Cetera Advisors LLC lifted its holdings in Cedar Fair by 10.9% during the 1st quarter. Cetera Advisors LLC now owns 6,881 shares of the company’s stock valued at $288,000 after buying an additional 675 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Cedar Fair by 4.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 18,806 shares of the company’s stock valued at $1,022,000 after buying an additional 826 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in Cedar Fair by 94.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,887 shares of the company’s stock worth $157,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Cedar Fair by 26.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,688 shares of the company’s stock worth $418,000 after acquiring an additional 1,620 shares during the period. 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.