Cedar Fair (NYSE:FUN) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Cedar Fair (NYSE:FUN) in a report issued on Monday. The firm set a “buy” rating on the stock.

A number of other brokerages have also recently commented on FUN. Truist Financial lifted their price objective on Cedar Fair from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. B. Riley reissued a “buy” rating and issued a $52.00 target price (up from $50.00) on shares of Cedar Fair in a research note on Friday, February 16th. Mizuho started coverage on Cedar Fair in a research note on Tuesday, March 26th. They issued a “buy” rating and a $56.00 target price for the company. KeyCorp boosted their target price on Cedar Fair from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Finally, Stifel Nicolaus boosted their target price on Cedar Fair from $49.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Cedar Fair has a consensus rating of “Buy” and an average target price of $50.30.

Cedar Fair Stock Up 1.1 %

Shares of Cedar Fair stock opened at $38.32 on Monday. Cedar Fair has a 12 month low of $34.04 and a 12 month high of $45.39. The business has a fifty day simple moving average of $40.87 and a 200 day simple moving average of $39.42. The stock has a market cap of $1.96 billion, a PE ratio of 15.64 and a beta of 1.41.

Cedar Fair (NYSE:FUN) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). Cedar Fair had a negative return on equity of 21.06% and a net margin of 6.96%. The company had revenue of $371.12 million for the quarter, compared to analyst estimates of $365.13 million. Analysts expect that Cedar Fair will post 3.27 EPS for the current fiscal year.

Institutional Trading of Cedar Fair

A number of institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in Cedar Fair by 10.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,300 shares of the company’s stock worth $131,000 after acquiring an additional 300 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Cedar Fair by 15.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,008,868 shares of the company’s stock worth $159,553,000 after acquiring an additional 539,352 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Cedar Fair by 201.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 841 shares of the company’s stock worth $33,000 after acquiring an additional 562 shares in the last quarter. UBS Group AG raised its holdings in Cedar Fair by 313.7% during the fourth quarter. UBS Group AG now owns 3,047,096 shares of the company’s stock worth $121,274,000 after acquiring an additional 2,310,565 shares in the last quarter. Finally, Brown Advisory Inc. raised its holdings in Cedar Fair by 1.1% during the fourth quarter. Brown Advisory Inc. now owns 94,486 shares of the company’s stock worth $3,761,000 after acquiring an additional 1,000 shares in the last quarter. 64.65% of the stock is currently owned by institutional investors.

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.