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

Cedar Fair (NYSE:FUN) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other research firms also recently commented on FUN. Guggenheim lifted their price objective on Cedar Fair from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Macquarie reiterated an “outperform” rating and issued a $55.00 price target on shares of Cedar Fair in a research note on Thursday, November 7th. Oppenheimer lowered their price objective on shares of Cedar Fair from $67.00 to $60.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 15th. Truist Financial cut their target price on shares of Cedar Fair from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, October 21st. Finally, The Goldman Sachs Group lowered their price target on Cedar Fair from $55.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. One investment 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $56.07.

Cedar Fair Stock Performance

Shares of FUN opened at $46.40 on Wednesday. Cedar Fair has a 12 month low of $35.93 and a 12 month high of $58.70. The business’s fifty day simple moving average is $44.21 and its two-hundred day simple moving average is $45.12. 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 company has a market cap of $4.65 billion, a price-to-earnings ratio of -72.50 and a beta of 1.58.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. S.A. Mason LLC grew its stake in shares of Cedar Fair by 63.1% during the 3rd quarter. S.A. Mason LLC now owns 993 shares of the company’s stock valued at $40,000 after acquiring an additional 384 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in Cedar Fair by 94.1% during 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 in the last quarter. Brookstone Capital Management bought a new position in shares of Cedar Fair in the second quarter worth approximately $215,000. Mutual of America Capital Management LLC purchased a new stake in shares of Cedar Fair in the third quarter worth $260,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Cedar Fair by 26.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,688 shares of the company’s stock valued at $418,000 after purchasing an additional 1,620 shares during the period. Institutional investors own 64.65% of the company’s stock.

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.