Cedar Fair (NYSE:FUN) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Cedar Fair (NYSE:FUN) from a sell rating to a hold rating in a research note issued to investors on Thursday.

A number of other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Cedar Fair from $43.00 to $46.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of 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 target price on shares of Cedar Fair from $55.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Macquarie reaffirmed an “outperform” rating and set a $55.00 price target on shares of Cedar Fair in a report on Thursday, November 7th. Finally, Jefferies Financial Group assumed coverage on Cedar Fair in a report on Monday, December 9th. They issued a “buy” rating and a $59.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $56.07.

Cedar Fair Stock Down 1.1 %

Shares of Cedar Fair stock opened at $49.08 on Thursday. Cedar Fair has a twelve month low of $35.93 and a twelve month high of $58.70. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of -76.69 and a beta of 1.58. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 1.95. The business’s 50 day simple moving average is $45.38 and its 200-day simple moving average is $45.36.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. S.A. Mason LLC raised its position in Cedar Fair by 63.1% in 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 in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Cedar Fair by 94.1% in 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 worth approximately $260,000. Ameritas Advisory Services LLC lifted its stake in Cedar Fair by 31.1% during the second 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 during the last quarter. Finally, Commonwealth Equity Services LLC lifted 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 valued at $1,022,000 after purchasing an additional 826 shares during the last quarter. Institutional investors own 64.65% of the company’s stock.

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.