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 Thursday.

FUN has been the topic of a number of other research reports. JPMorgan Chase & Co. increased their price target on Cedar Fair from $43.00 to $46.00 and gave the stock an "underweight" rating in a research report on Thursday, November 7th. Truist Financial boosted their price target on Cedar Fair from $54.00 to $56.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Guggenheim reduced their price objective on shares of Cedar Fair from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Wednesday. Citigroup boosted their target price on shares of Cedar Fair from $53.00 to $57.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Finally, Macquarie reissued an "outperform" rating and issued a $55.00 price objective on shares of Cedar Fair in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $56.15.

Cedar Fair Stock Performance

NYSE FUN opened at $41.10 on Thursday. The firm has a 50-day moving average price of $45.50 and a two-hundred day moving average price of $43.97. Cedar Fair has a 12-month low of $35.93 and a 12-month high of $58.70. The company has a market capitalization of $4.12 billion, a P/E ratio of -64.22 and a beta of 1.55. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 1.95.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cedar Fair stock. Mutual of America Capital Management LLC purchased a new stake in Cedar Fair, L.P. (NYSE:FUN - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,459 shares of the company's stock, valued at approximately $260,000. 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.

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