Cedar Fair (NYSE:FUN) Given New $59.00 Price Target at B. Riley (2024)

Cedar Fair (NYSE:FUN - Get Free Report) had its price target boosted by stock analysts at B. Riley from $52.00 to $59.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. B. Riley's target price indicates a potential upside of 26.28% from the company's current price.

FUN has been the topic of a number of other research reports. KeyCorp lifted their target price on shares of Cedar Fair from $49.00 to $52.00 and gave the company an "overweight" rating in a research note on Friday, February 16th. Stifel Nicolaus lifted their target price on shares of Cedar Fair from $49.00 to $52.00 and gave the company a "buy" rating in a research note on Friday, February 16th. Mizuho cut their target price on shares of Cedar Fair from $56.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday, May 15th. StockNews.com initiated coverage on shares of Cedar Fair in a research note on Saturday. They set a "buy" rating on the stock. Finally, Truist Financial boosted their price objective on shares of Cedar Fair from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, May 10th. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $51.10.

Get Our Latest Analysis on Cedar Fair

Cedar Fair Trading Up 5.8 %

Shares of FUN stock traded up $2.55 during mid-day trading on Wednesday, reaching $46.72. The stock had a trading volume of 373,340 shares, compared to its average volume of 203,002. The stock's 50-day moving average price is $41.42 and its two-hundred day moving average price is $40.69. Cedar Fair has a 52-week low of $34.04 and a 52-week high of $47.60. The firm has a market capitalization of $2.39 billion, a PE ratio of 19.48 and a beta of 1.45.

Cedar Fair (NYSE:FUN - Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported ($2.47) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($2.40) by ($0.07). Cedar Fair had a net margin of 6.95% and a negative return on equity of 22.94%. The firm had revenue of $101.62 million during the quarter, compared to analysts' expectations of $91.97 million. On average, equities research analysts forecast that Cedar Fair will post 3.47 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Aurora Investment Counsel raised its holdings in shares of Cedar Fair by 1.7% during the first quarter. Aurora Investment Counsel now owns 15,077 shares of the company's stock valued at $632,000 after purchasing an additional 253 shares during the last quarter. Cetera Advisors LLC raised its holdings in shares of Cedar Fair by 10.9% during the first quarter. Cetera Advisors LLC now owns 6,881 shares of the company's stock valued at $288,000 after purchasing an additional 675 shares during the last quarter. HAP Trading LLC purchased a new position in shares of Cedar Fair during the first quarter valued at approximately $1,329,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its holdings in shares of Cedar Fair by 121.9% during the first quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 24,268 shares of the company's stock valued at $1,017,000 after purchasing an additional 13,332 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. purchased a new position in shares of Cedar Fair during the first quarter valued at approximately $257,000. 64.65% of the stock is owned by hedge funds and other institutional investors.

About Cedar Fair

(Get Free Report)

Cedar Fair, L.P. owns and operates amusem*nt and water parks, as well as complementary resort facilities. Its amusem*nt 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.

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