Cedar Fair, L.P. (NYSE:FUN) Receives $56.21 Average PT from Analysts

Cedar Fair, L.P. (NYSE:FUN - Get Free Report) has earned a consensus rating of "Moderate Buy" from the fourteen analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $56.21.

Several research firms recently weighed in on FUN. Jefferies Financial Group initiated coverage on shares of Cedar Fair in a research note on Monday, December 9th. They set a "buy" rating and a $59.00 price objective on the stock. Citigroup boosted their price objective on Cedar Fair from $53.00 to $57.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Guggenheim raised their target price on Cedar Fair from $52.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. StockNews.com upgraded shares of Cedar Fair from a "sell" rating to a "hold" rating in a research report on Thursday, December 26th. Finally, Macquarie reiterated an "outperform" rating and issued a $55.00 price objective on shares of Cedar Fair in a research report on Thursday, November 7th.

Cedar Fair Stock Performance

Shares of FUN stock traded down $0.20 on Friday, reaching $44.26. 1,362,415 shares of the stock were exchanged, compared to its average volume of 1,093,443. 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 50 day moving average of $46.91 and a two-hundred day moving average of $44.96. Cedar Fair has a 1-year low of $35.93 and a 1-year high of $58.70.

Institutional Investors Weigh In On Cedar Fair

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. S.A. Mason LLC raised its holdings in shares of Cedar Fair by 63.1% in the third quarter. S.A. Mason LLC now owns 993 shares of the company's stock valued at $40,000 after buying an additional 384 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Cedar Fair by 94.1% in 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 in the last quarter. Mutual of America Capital Management LLC bought a new position in Cedar Fair in the 3rd quarter worth approximately $260,000. Finally, Torno Capital LLC bought a new position in Cedar Fair in the 2nd quarter valued at $4,413,000. 64.65% of the stock is owned by institutional investors and hedge funds.

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.