Cedar Fair (NYSE:FUN) Receives Outperform Rating from Macquarie

Macquarie reissued their outperform rating on shares of Cedar Fair (NYSE:FUN) in a research note published on Friday,Benzinga reports. The firm currently has a $55.00 price objective on the stock.

Several other equities research analysts have also weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Cedar Fair in a report on Monday, December 9th. They issued a “buy” rating and a $59.00 target price on the stock. StockNews.com downgraded Cedar Fair from a “hold” rating to a “sell” rating in a research note on Thursday. Truist Financial boosted their target price 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 dropped their price target on Cedar Fair from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Citigroup boosted their price objective on Cedar Fair from $53.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.15.

Cedar Fair Price Performance

Cedar Fair stock opened at $37.71 on Friday. 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 firm has a market capitalization of $3.78 billion, a P/E ratio of -58.93 and a beta of 1.54. The business has a 50-day moving average of $45.12 and a 200-day moving average of $43.91. Cedar Fair has a 1 year low of $35.93 and a 1 year high of $58.70.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cedar Fair stock. Mutual of America Capital Management LLC acquired a new stake in Cedar Fair, L.P. (NYSE:FUN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,459 shares of the company’s stock, valued at approximately $260,000. 64.65% of the stock is owned by hedge funds and other 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.