Cedar Fair (NYSE:FUN) Upgraded at StockNews.com

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

Several other analysts have also recently issued reports on FUN. Macquarie reiterated an “outperform” rating and set a $55.00 target price on shares of Cedar Fair in a research report on Thursday, November 7th. Jefferies Financial Group initiated coverage on shares of Cedar Fair in a report on Monday. They set a “buy” rating and a $59.00 price objective for the company. Guggenheim lifted their price objective on shares of Cedar Fair from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. upped their target price on shares of Cedar Fair from $43.00 to $46.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group cut their target price on shares of Cedar Fair from $55.00 to $47.00 and set a “neutral” rating for the company in a research note 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $56.07.

Cedar Fair Stock Performance

Shares of NYSE FUN opened at $46.30 on Monday. The stock has a market cap of $4.64 billion, a PE ratio of -72.34 and a beta of 1.58. Cedar Fair has a 1 year low of $35.93 and a 1 year high of $58.70. The firm has a fifty day moving average price of $43.08 and a 200-day moving average price of $44.98. 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 Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. S.A. Mason LLC raised its position in 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 raised 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 during the period. Commonwealth Equity Services LLC lifted its position in Cedar Fair by 4.6% in the second quarter. Commonwealth Equity Services LLC now owns 18,806 shares of the company’s stock worth $1,022,000 after buying an additional 826 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Cedar Fair by 94.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,887 shares of the company’s stock worth $157,000 after buying an additional 1,400 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in 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 buying 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.