Cedar Fair (NYSE:FUN) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Cedar Fair (NYSE:FUN) from a sell rating to a hold rating in a research report released on Monday morning.

A number of other equities research analysts have also recently weighed in on the stock. Jefferies Financial Group began coverage on shares of Cedar Fair in a research note on Monday. They set a “buy” rating and a $59.00 price objective on the stock. Macquarie reaffirmed an “outperform” rating and set a $55.00 target price on shares of Cedar Fair in a report on Thursday, November 7th. Truist Financial lowered 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 lifted their target price on Cedar Fair from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, The Goldman Sachs Group lowered their target price on Cedar Fair from $55.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.07.

Cedar Fair Price Performance

Shares of NYSE FUN opened at $46.69 on Monday. Cedar Fair has a fifty-two week low of $35.93 and a fifty-two week high of $58.70. The firm’s 50-day simple moving average is $42.76 and its 200 day simple moving average is $44.95. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 1.95. The stock has a market cap of $4.68 billion, a P/E ratio of -72.95 and a beta of 1.58.

Hedge Funds Weigh In On Cedar Fair

Several institutional investors and hedge funds have recently bought and sold shares of FUN. S.A. Mason LLC grew its stake in Cedar Fair by 63.1% during 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 in the last quarter. CWM LLC grew its stake in Cedar Fair by 932.0% during the 2nd 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. Benjamin F. Edwards & Company Inc. grew its stake in Cedar Fair by 94.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,887 shares of the company’s stock valued at $157,000 after acquiring an additional 1,400 shares in the last quarter. Brookstone Capital Management purchased a new position in Cedar Fair during the 2nd quarter valued at about $215,000. Finally, Mutual of America Capital Management LLC purchased a new position in Cedar Fair during the 3rd quarter valued at about $260,000. 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.