Cedar Fair (NYSE:FUN – Get Free Report) had its price target cut by The Goldman Sachs Group from $55.00 to $47.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 14.61% from the company’s previous close.
FUN has been the subject of a number of other reports. Citigroup reduced their price objective on shares of Cedar Fair from $61.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Cedar Fair from $65.00 to $58.00 and set a “buy” rating for the company in a research report on Friday, October 4th. Morgan Stanley raised their price target on shares of Cedar Fair from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, July 1st. Macquarie decreased their price target on shares of Cedar Fair from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Friday, October 18th. Finally, Truist Financial decreased their price target on shares of Cedar Fair from $60.00 to $54.00 and set a “buy” rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $55.75.
Check Out Our Latest Research Report on Cedar Fair
Cedar Fair Stock Performance
Cedar Fair (NYSE:FUN – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02. Cedar Fair had a net margin of 6.80% and a negative return on equity of 23.97%. The company had revenue of $571.62 million during the quarter, compared to analyst estimates of $525.57 million. Equities research analysts anticipate that Cedar Fair will post 2.08 EPS for the current fiscal year.
Hedge Funds Weigh In On Cedar Fair
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC raised its position in Cedar Fair by 932.0% during the second quarter. CWM LLC now owns 2,064 shares of the company’s stock valued at $112,000 after acquiring an additional 1,864 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Cedar Fair by 94.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,887 shares of the company’s stock valued at $157,000 after purchasing an additional 1,400 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Cedar Fair by 10.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,300 shares of the company’s stock valued at $131,000 after purchasing an additional 300 shares during the period. Brookstone Capital Management bought a new position in shares of Cedar Fair in the second quarter valued at approximately $215,000. Finally, Thrive Wealth Management LLC bought a new position in shares of Cedar Fair in the second quarter valued at approximately $252,000. 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.
See Also
- Five stocks we like better than Cedar Fair
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Texas Roadhouse Stock Steering for New Highs This Year
- Why Are These Companies Considered Blue Chips?
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for Cedar Fair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cedar Fair and related companies with MarketBeat.com's FREE daily email newsletter.