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

StockNews.com began coverage on shares of Cedar Fair (NYSE:FUN) in a research note issued to investors on Monday. The firm set a “buy” rating on the stock.

FUN has been the subject of a number of other research reports. Truist Financial lifted their target price on shares of Cedar Fair from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Oppenheimer assumed coverage on shares of Cedar Fair in a research report on Thursday, February 8th. They issued an “outperform” rating and a $49.00 target price for the company. Stifel Nicolaus lifted their price target on shares of Cedar Fair from $49.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. B. Riley reiterated a “buy” rating and set a $52.00 price target (up previously from $50.00) on shares of Cedar Fair in a research note on Friday, February 16th. Finally, Mizuho assumed coverage on shares of Cedar Fair in a research note on Tuesday, March 26th. They set a “buy” rating and a $56.00 price target on the stock. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Cedar Fair currently has a consensus rating of “Buy” and a consensus price target of $50.30.

Cedar Fair Trading Up 1.1 %

NYSE:FUN 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 company has a market cap of $1.96 billion, a PE ratio of 15.64 and a beta of 1.41. The company has a 50 day simple moving average of $40.87 and a two-hundred day simple moving average of $39.42.

Cedar Fair (NYSE:FUN) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $365.13 million. Research analysts forecast that Cedar Fair will post 3.27 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FUN. UBS Group AG lifted its stake in shares of Cedar Fair by 313.7% during the 4th quarter. UBS Group AG now owns 3,047,096 shares of the company’s stock valued at $121,274,000 after buying an additional 2,310,565 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Cedar Fair by 50.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,370,752 shares of the company’s stock worth $124,718,000 after purchasing an additional 1,130,439 shares in the last quarter. Barclays PLC lifted its stake in Cedar Fair by 67.6% in the 3rd quarter. Barclays PLC now owns 2,305,406 shares of the company’s stock worth $85,300,000 after purchasing an additional 930,021 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in Cedar Fair in the 3rd quarter worth $25,215,000. Finally, Goldman Sachs Group Inc. lifted its stake in Cedar Fair by 15.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,008,868 shares of the company’s stock worth $159,553,000 after purchasing an additional 539,352 shares in the last quarter. Hedge funds and other 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.