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

Stock analysts at StockNews.com initiated coverage on shares of Cedar Fair (NYSE:FUN) in a note issued to investors on Sunday. The brokerage set a “buy” rating on the stock.

Other research analysts have also recently issued reports about the company. Stifel Nicolaus upped their price objective on Cedar Fair from $49.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. B. Riley reaffirmed a “buy” rating and set a $52.00 price objective (up from $50.00) on shares of Cedar Fair in a research report on Friday, February 16th. Oppenheimer assumed coverage on Cedar Fair in a report on Thursday, February 8th. They set an “outperform” rating and a $49.00 target price on the stock. KeyCorp upped their target price on Cedar Fair from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Finally, Truist Financial upped their target price on Cedar Fair from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Cedar Fair has an average rating of “Buy” and a consensus price target of $50.30.

Cedar Fair Price Performance

FUN stock opened at $38.08 on Friday. The stock has a market capitalization of $1.94 billion, a P/E ratio of 15.54 and a beta of 1.41. The business has a 50-day moving average of $41.24 and a 200-day moving average of $39.34. Cedar Fair has a fifty-two week low of $34.04 and a fifty-two week high of $45.39.

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

Institutional Trading of Cedar Fair

Institutional investors and hedge funds have recently bought and sold shares of the business. PenderFund Capital Management Ltd. bought a new stake in Cedar Fair in the first quarter valued at approximately $41,000. Money Concepts Capital Corp bought a new stake in Cedar Fair in the fourth quarter valued at approximately $26,000. Tower Research Capital LLC TRC raised its stake in Cedar Fair by 355.3% in the first quarter. Tower Research Capital LLC TRC now owns 815 shares of the company’s stock valued at $38,000 after buying an additional 636 shares during the period. Ancora Advisors LLC raised its stake in Cedar Fair by 34.6% in the first quarter. Ancora Advisors LLC now owns 2,139 shares of the company’s stock valued at $106,000 after buying an additional 550 shares during the period. Finally, BNP Paribas Arbitrage SNC raised its stake in Cedar Fair by 33.9% in the third quarter. BNP Paribas Arbitrage SNC now owns 2,685 shares of the company’s stock valued at $110,000 after buying an additional 680 shares during the period. 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.