Cedar Fair, L.P. (NYSE:FUN)‘s stock had its “buy” rating reissued by investment analysts at KeyCorp in a note issued to investors on Tuesday. They presently have a $74.00 price target on the stock. KeyCorp’s target price suggests a potential upside of 18.97% from the company’s previous close.

FUN has been the topic of a number of other reports. Zacks Investment Research lowered shares of Cedar Fair, L.P. from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Goldman Sachs Group, Inc. (The) lowered shares of Cedar Fair, L.P. from a “conviction-buy” rating to a “buy” rating and set a $75.00 target price on the stock. in a research report on Wednesday, October 4th. BidaskClub lowered shares of Cedar Fair, L.P. from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. FBR & Co reiterated a “buy” rating on shares of Cedar Fair, L.P. in a research report on Thursday, September 7th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $74.00 target price (down from $75.00) on shares of Cedar Fair, L.P. in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $74.38.

Cedar Fair, L.P. (FUN) traded down 2.25% during trading on Tuesday, hitting $62.20. The stock had a trading volume of 225,276 shares. The company has a market cap of $3.50 billion, a PE ratio of 26.09 and a beta of 0.48. Cedar Fair, L.P. has a 12 month low of $56.23 and a 12 month high of $72.56. The company’s 50 day moving average is $63.89 and its 200-day moving average is $68.05.

Cedar Fair, L.P. (NYSE:FUN) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.20). Cedar Fair, L.P. had a net margin of 10.50% and a return on equity of 1,048.17%. The firm had revenue of $392.80 million during the quarter, compared to analyst estimates of $405.78 million. During the same quarter last year, the firm earned $1.03 earnings per share. Cedar Fair, L.P.’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities research analysts predict that Cedar Fair, L.P. will post $2.85 earnings per share for the current year.

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In other news, Director Thomas Klein bought 7,000 shares of the stock in a transaction on Tuesday, August 8th. The stock was purchased at an average price of $66.13 per share, with a total value of $462,910.00. Following the completion of the purchase, the director now owns 24,960 shares of the company’s stock, valued at $1,650,604.80. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Matthew A. Ouimet sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $64.90, for a total transaction of $129,800.00. Following the completion of the sale, the chief executive officer now directly owns 193,199 shares of the company’s stock, valued at approximately $12,538,615.10. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Huntington National Bank increased its stake in Cedar Fair, L.P. by 8.4% in the third quarter. Huntington National Bank now owns 11,131 shares of the company’s stock valued at $714,000 after purchasing an additional 866 shares in the last quarter. Advisory Services Network LLC increased its stake in Cedar Fair, L.P. by 10.7% in the second quarter. Advisory Services Network LLC now owns 1,660 shares of the company’s stock valued at $120,000 after purchasing an additional 160 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Cedar Fair, L.P. by 3.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 16,531 shares of the company’s stock valued at $1,192,000 after purchasing an additional 517 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Cedar Fair, L.P. by 6.7% in the second quarter. The Manufacturers Life Insurance Company now owns 1,718 shares of the company’s stock valued at $124,000 after purchasing an additional 108 shares in the last quarter. Finally, Osterweis Capital Management Inc. increased its stake in Cedar Fair, L.P. by 7.8% in the second quarter. Osterweis Capital Management Inc. now owns 389,556 shares of the company’s stock valued at $28,087,000 after purchasing an additional 28,235 shares in the last quarter. 51.49% of the stock is owned by hedge funds and other institutional investors.

About Cedar Fair, L.P.

Cedar Fair, L.P. is an operator of regional amusement parks. The Company operates within a segment of amusement/water parks with accompanying resort facilities. As of December 31, 2016, the Company owned approximately 11 amusement parks, two separately gated outdoor water parks, one indoor water park and five hotels.

Analyst Recommendations for Cedar Fair, L.P. (NYSE:FUN)

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