Guggenheim Boosts Cedar Fair (NYSE:FUN) Price Target to $55.00

Cedar Fair (NYSE:FUN) had its price objective increased by Guggenheim from $52.00 to $55.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently commented on FUN. Macquarie restated an “outperform” rating and set a $55.00 price objective on shares of Cedar Fair in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased their target price on Cedar Fair from $43.00 to $46.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. StockNews.com cut shares of Cedar Fair from a “hold” rating to a “sell” rating in a report on Friday, November 8th. The Goldman Sachs Group lowered their price target on Cedar Fair from $55.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Finally, Stifel Nicolaus lowered their price target on Cedar Fair from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cedar Fair currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.92.

Cedar Fair Stock Performance

Shares of FUN stock opened at $45.40 on Tuesday. 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 stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of -70.98 and a beta of 1.55. Cedar Fair has a one year low of $35.93 and a one year high of $58.70. The company’s 50-day simple moving average is $41.37 and its 200-day simple moving average is $44.64.

Institutional Investors Weigh In On Cedar Fair

Institutional investors and hedge funds have recently made changes to their positions in the company. Torno Capital LLC bought a new position in Cedar Fair during the 2nd quarter worth approximately $4,413,000. Brookstone Capital Management acquired a new stake in shares of Cedar Fair during the 2nd quarter worth about $215,000. Wealth Enhancement Advisory Services LLC increased its stake 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 purchasing an additional 1,620 shares during the period. CWM LLC grew its stake in shares of Cedar Fair by 932.0% in the second quarter. CWM LLC now owns 2,064 shares of the company’s stock valued at $112,000 after acquiring an additional 1,864 shares in the last quarter. Finally, Cetera Advisors LLC raised its position in shares of Cedar Fair by 10.9% in the first 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. 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.