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

Cedar Fair (NYSE:FUN) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Other equities research analysts have also recently issued reports about the stock. Truist Financial decreased their price target on shares of Cedar Fair from $60.00 to $54.00 and set a “buy” rating for the company in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft decreased 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. Macquarie reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Cedar Fair in a report on Thursday, November 7th. Jefferies Financial Group began coverage on Cedar Fair in a report on Monday, December 9th. They set a “buy” rating and a $59.00 price target for the company. Finally, Oppenheimer lowered their price objective on shares of Cedar Fair from $67.00 to $60.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 15th. One research 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $56.07.

Cedar Fair Price Performance

Shares of Cedar Fair stock opened at $49.08 on Thursday. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 1.95. The firm has a fifty day simple moving average of $45.38 and a 200-day simple moving average of $45.36. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of -76.69 and a beta of 1.58. Cedar Fair has a 1-year low of $35.93 and a 1-year high of $58.70.

Institutional Trading of Cedar Fair

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FUN. S.A. Mason LLC boosted its holdings 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 in the last quarter. Benjamin F. Edwards & Company Inc. boosted 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 valued at $157,000 after buying an additional 1,400 shares in the last quarter. Mutual of America Capital Management LLC bought a new stake in Cedar Fair in the third quarter valued at $260,000. Ameritas Advisory Services LLC raised its stake in Cedar Fair by 31.1% during the second quarter. Ameritas Advisory Services LLC now owns 11,815 shares of the company’s stock worth $642,000 after acquiring an additional 2,804 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Cedar Fair by 4.6% during the second quarter. Commonwealth Equity Services LLC now owns 18,806 shares of the company’s stock worth $1,022,000 after acquiring an additional 826 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.