Cedar Fair, L.P. (NYSE:FUN) Receives $56.07 Consensus PT from Analysts

Shares of Cedar Fair, L.P. (NYSE:FUN - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fourteen brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $56.07.

FUN has been the topic of several analyst reports. Oppenheimer reduced their price target on shares of Cedar Fair from $67.00 to $60.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 15th. Macquarie reissued an "outperform" rating and set a $55.00 price target on shares of Cedar Fair in a report on Thursday, November 7th. Truist Financial reduced their price objective on Cedar Fair from $60.00 to $54.00 and set a "buy" rating on the stock in a research note on Monday, October 21st. Jefferies Financial Group began coverage on shares of Cedar Fair in a report on Monday, December 9th. They issued a "buy" rating and a $59.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Cedar Fair from $65.00 to $58.00 and set a "buy" rating on the stock in a report on Friday, October 4th.

Cedar Fair Price Performance

Cedar Fair stock traded up $0.30 during trading hours on Wednesday, reaching $49.07. 363,334 shares of the stock were exchanged, compared to its average volume of 1,014,308. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 1.95. Cedar Fair has a twelve month low of $35.93 and a twelve month high of $58.70. The company has a market cap of $4.92 billion, a P/E ratio of -76.67 and a beta of 1.58. The stock has a 50 day moving average of $45.00 and a two-hundred day moving average of $45.29.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. S.A. Mason LLC raised its position in shares of Cedar Fair by 63.1% during the third quarter. S.A. Mason LLC now owns 993 shares of the company's stock worth $40,000 after acquiring an additional 384 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings 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 worth $157,000 after purchasing an additional 1,400 shares during the last quarter. Mutual of America Capital Management LLC bought a new stake in shares of Cedar Fair in the 3rd quarter valued at $260,000. Ameritas Advisory Services LLC increased its position in shares of 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 buying an additional 2,804 shares during the period. 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 buying an additional 826 shares during the last quarter. 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.