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

StockNews.com upgraded shares of Cedar Fair (NYSE:FUN) from a sell rating to a hold rating in a report published on Monday.

FUN has been the subject of several other reports. Macquarie reiterated an “outperform” rating and set a $55.00 price target on shares of Cedar Fair in a report on Thursday, November 7th. The Goldman Sachs Group reduced their target price on Cedar Fair from $55.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Citigroup boosted their target price on Cedar Fair from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. JPMorgan Chase & Co. boosted their target price on Cedar Fair from $43.00 to $46.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. Finally, Guggenheim boosted their target price on Cedar Fair from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Cedar Fair currently has an average rating of “Moderate Buy” and an average target price of $56.07.

Cedar Fair Stock Down 1.2 %

Shares of Cedar Fair stock opened at $46.69 on Monday. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of -72.95 and a beta of 1.58. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.40 and a quick ratio of 0.32. Cedar Fair has a 52-week low of $35.93 and a 52-week high of $58.70. The stock has a 50-day simple moving average of $42.76 and a 200-day simple moving average of $44.95.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FUN. S.A. Mason LLC increased its position in shares of Cedar Fair by 63.1% during the third quarter. S.A. Mason LLC now owns 993 shares of the company’s stock valued at $40,000 after purchasing an additional 384 shares during the period. CWM LLC boosted its stake in Cedar Fair by 932.0% during the second quarter. CWM LLC now owns 2,064 shares of the company’s stock worth $112,000 after buying an additional 1,864 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake 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 worth $157,000 after buying an additional 1,400 shares in the last quarter. Brookstone Capital Management bought a new stake in Cedar Fair in the 2nd quarter valued at $215,000. Finally, Mutual of America Capital Management LLC acquired a new position in shares of Cedar Fair in the 3rd quarter valued at $260,000. 64.65% of the stock is currently owned by institutional investors and hedge funds.

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.