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

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

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

Cedar Fair Stock Performance

Shares of NYSE FUN opened at $38.08 on Friday. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 15.54 and a beta of 1.41. The business’s 50-day simple moving average is $41.24 and its 200-day simple moving average is $39.34. Cedar Fair has a 52 week low of $34.04 and a 52 week high of $45.39.

Cedar Fair (NYSE:FUN) last issued 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). The company had revenue of $371.12 million for the quarter, compared to analyst estimates of $365.13 million. Cedar Fair had a net margin of 6.96% and a negative return on equity of 21.06%. As a group, equities research analysts forecast that Cedar Fair will post 3.27 earnings per share for the current year.

Institutional Trading of Cedar Fair

Hedge funds have recently modified their holdings of the company. PenderFund Capital Management Ltd. bought a new stake in shares of Cedar Fair in the 1st quarter worth approximately $41,000. Money Concepts Capital Corp bought a new position in shares of Cedar Fair during the 4th quarter worth approximately $26,000. Tower Research Capital LLC TRC lifted its position in shares of Cedar Fair by 355.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 815 shares of the company’s stock worth $38,000 after buying an additional 636 shares during the period. Ancora Advisors LLC lifted its position in shares of Cedar Fair by 34.6% during the 1st quarter. Ancora Advisors LLC now owns 2,139 shares of the company’s stock worth $106,000 after buying an additional 550 shares during the period. Finally, BNP Paribas Arbitrage SNC lifted its position in shares of Cedar Fair by 33.9% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 2,685 shares of the company’s stock worth $110,000 after buying an additional 680 shares during the period. 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.