Cedar Fair (NYSE:FUN) Shares Cross Above 200 Day Moving Average - Should You Sell?

Cedar Fair, L.P. (NYSE:FUN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $44.33 and traded as high as $44.64. Cedar Fair shares last traded at $44.05, with a volume of 1,015,804 shares.

Analyst Ratings Changes

FUN has been the topic of a number of research analyst reports. Oppenheimer reduced their price target on Cedar Fair from $67.00 to $60.00 and set an "outperform" rating on the stock in a report on Tuesday, October 15th. Macquarie reissued an "outperform" rating and set a $55.00 target price on shares of Cedar Fair in a research note on Thursday, November 7th. Guggenheim upped their target price on Cedar Fair from $52.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. 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 report on Tuesday, January 7th. Finally, Jefferies Financial Group initiated 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 for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $56.21.

Cedar Fair Stock Down 1.1 %

The stock's 50 day simple moving average is $46.69 and its two-hundred day simple moving average is $44.21. The firm has a market cap of $4.42 billion, a P/E ratio of -68.83 and a beta of 1.56. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.40 and a quick ratio of 0.32.

Cedar Fair (NYSE:FUN - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.58 earnings per share for the quarter, missing analysts' consensus estimates of $2.96 by ($1.38). Cedar Fair had a net margin of 0.99% and a return on equity of 113.05%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the business earned $4.21 EPS. As a group, research analysts forecast that Cedar Fair, L.P. will post 0.83 earnings per share for the current year.

Hedge Funds Weigh In On Cedar Fair

A hedge fund recently raised its stake in Cedar Fair stock. S.A. Mason LLC grew its position in Cedar Fair, L.P. (NYSE:FUN - Free Report) by 63.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 993 shares of the company's stock after buying 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 owned by institutional investors.

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.