Cedar Fair, L.P. (NYSE:FUN) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Cedar Fair, L.P. (NYSE:FUN) have received an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $56.21.

A number of equities research analysts have issued reports on FUN shares. Truist Financial boosted their price target on Cedar Fair from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered 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. Guggenheim boosted their price target on Cedar Fair from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Citigroup increased their price objective on shares of Cedar Fair from $53.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, Jefferies Financial Group began coverage on shares of Cedar Fair in a research report on Monday, December 9th. They set a “buy” rating and a $59.00 target price on the stock.

Institutional Trading of Cedar Fair

Several institutional investors and hedge funds have recently bought and sold shares of the company. S.A. Mason LLC increased its holdings in shares of Cedar Fair by 63.1% in the 3rd quarter. S.A. Mason LLC now owns 993 shares of the company’s stock valued at $40,000 after acquiring an additional 384 shares during the last quarter. 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. Mutual of America Capital Management LLC acquired a new stake in shares of Cedar Fair during the third quarter worth $260,000. Finally, Torno Capital LLC bought a new position in shares of Cedar Fair in the 2nd quarter worth about $4,413,000. Institutional investors and hedge funds own 64.65% of the company’s stock.

Cedar Fair Price Performance

Cedar Fair stock opened at $44.26 on Friday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.32 and a current ratio of 0.40. The company has a market cap of $4.44 billion, a price-to-earnings ratio of -69.16 and a beta of 1.56. Cedar Fair has a 1 year low of $35.93 and a 1 year high of $58.70. The firm has a 50 day moving average price of $46.91 and a 200 day moving average price of $44.96.

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.