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

Cedar Fair (NYSE:FUN - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Friday.

A number of other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. boosted their price target 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. Macquarie reissued an "outperform" rating and issued a $55.00 price target on shares of Cedar Fair in a research note on Thursday, November 7th. Truist Financial lifted their price target on shares of Cedar Fair from $54.00 to $56.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Guggenheim boosted their price objective on shares of Cedar Fair from $52.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Finally, Jefferies Financial Group started coverage on shares of Cedar Fair in a research report on Monday, December 9th. They issued a "buy" rating and a $59.00 target price on the stock. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Cedar Fair has an average rating of "Moderate Buy" and a consensus target price of $56.54.

Cedar Fair Stock Performance

FUN traded down $1.31 on Friday, reaching $45.13. The stock had a trading volume of 988,133 shares, compared to its average volume of 1,075,713. 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 12-month low of $35.93 and a 12-month high of $58.70. The business's 50-day moving average price is $46.01 and its two-hundred day moving average price is $43.92. The company has a market cap of $4.53 billion, a P/E ratio of -70.51 and a beta of 1.55.

Hedge Funds Weigh In On Cedar Fair

An institutional investor recently raised its position in Cedar Fair stock. S.A. Mason LLC boosted its stake in Cedar Fair, L.P. (NYSE:FUN - Free Report) by 63.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 993 shares of the company's stock after acquiring an additional 384 shares during the period. S.A. Mason LLC's holdings in Cedar Fair were worth $40,000 as of its most recent SEC filing. 64.65% of the stock is currently owned by institutional investors and hedge funds.

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.