Cedar Fair (NYSE:FUN) Now Covered by Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Cedar Fair (NYSE:FUN - Free Report) in a research report report published on Monday morning, Marketbeat reports. The firm issued a buy rating and a $59.00 target price on the stock.

Several other equities research analysts also recently issued reports on FUN. Deutsche Bank Aktiengesellschaft dropped their target price on Cedar Fair from $65.00 to $58.00 and set a "buy" rating on the stock in a research report on Friday, October 4th. The Goldman Sachs Group decreased their price target on Cedar Fair from $55.00 to $47.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th. Oppenheimer cut their price objective on shares of Cedar Fair from $67.00 to $60.00 and set an "outperform" rating for the company in a research report on Tuesday, October 15th. Truist Financial reduced their price target on shares of Cedar Fair from $60.00 to $54.00 and set a "buy" rating for the company in a research report on Monday, October 21st. 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. Two analysts have rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $56.07.

Cedar Fair Stock Performance

Shares of NYSE FUN traded down $0.57 during midday trading on Monday, hitting $46.69. The company's stock had a trading volume of 785,558 shares, compared to its average volume of 991,191. The stock has a fifty day moving average price of $42.64 and a 200 day moving average price of $44.93. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of -75.41 and a beta of 1.58. Cedar Fair has a one year low of $35.93 and a one year high of $58.70. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 1.95.

Institutional Investors Weigh In On Cedar Fair

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Advisors LLC increased its stake in shares of Cedar Fair by 10.9% during the first quarter. Cetera Advisors LLC now owns 6,881 shares of the company's stock valued at $288,000 after purchasing an additional 675 shares in the last quarter. CWM LLC raised its position in shares of Cedar Fair by 932.0% in the 2nd quarter. CWM LLC now owns 2,064 shares of the company's stock worth $112,000 after purchasing an additional 1,864 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Cedar Fair by 26.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,688 shares of the company's stock worth $418,000 after purchasing an additional 1,620 shares in the last quarter. Brookstone Capital Management purchased a new stake in Cedar Fair during the 2nd quarter valued at about $215,000. Finally, Ameritas Advisory Services LLC increased its stake in Cedar Fair by 31.1% during the 2nd quarter. Ameritas Advisory Services LLC now owns 11,815 shares of the company's stock valued at $642,000 after purchasing an additional 2,804 shares in the last quarter. 64.65% of the stock is owned by hedge funds and other institutional investors.

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.