Cedar Fair, L.P. (NYSE:FUN)‘s stock had its “buy” rating reiterated by FBR & Co in a research note issued to investors on Thursday.

A number of other analysts also recently commented on the company. Zacks Investment Research upgraded Cedar Fair, L.P. from a “strong sell” rating to a “hold” rating in a research report on Wednesday. KeyCorp reiterated an “overweight” rating and issued a $74.00 price objective on shares of Cedar Fair, L.P. in a research report on Wednesday, August 30th. BidaskClub upgraded Cedar Fair, L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Stifel Nicolaus reiterated a “buy” rating and issued a $78.00 price objective on shares of Cedar Fair, L.P. in a research report on Friday, July 7th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $81.00 price objective on shares of Cedar Fair, L.P. in a research report on Tuesday, July 4th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $74.67.

Cedar Fair, L.P. (NYSE:FUN) opened at 65.35 on Thursday. Cedar Fair, L.P. has a 1-year low of $56.23 and a 1-year high of $72.56. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 27.41 and a beta of 0.50. The stock has a 50 day moving average price of $67.25 and a 200 day moving average price of $69.08.

Cedar Fair, L.P. (NYSE:FUN) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $1.02 by $0.20. Cedar Fair, L.P. had a return on equity of 1,048.17% and a net margin of 10.50%. The firm had revenue of $392.80 million during the quarter, compared to the consensus estimate of $405.78 million. During the same quarter in the prior year, the business posted $1.03 EPS. Cedar Fair, L.P.’s revenue was up 1.2% compared to the same quarter last year. Analysts predict that Cedar Fair, L.P. will post $2.98 EPS for the current year.

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In related news, CEO Matthew A. Ouimet sold 9,100 shares of the firm’s stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $68.89, for a total transaction of $626,899.00. Following the completion of the transaction, the chief executive officer now owns 200,799 shares in the company, valued at approximately $13,833,043.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew A. Ouimet sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $71.20, for a total value of $854,400.00. Following the transaction, the chief executive officer now owns 207,299 shares of the company’s stock, valued at approximately $14,759,688.80. The disclosure for this sale can be found here. Insiders have sold a total of 24,100 shares of company stock valued at $1,681,699 in the last 90 days. 2.00% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Investment Management Company LLC bought a new position in shares of Cedar Fair, L.P. during the 2nd quarter worth approximately $31,274,000. Private Advisor Group LLC lifted its position in shares of Cedar Fair, L.P. by 55.0% during the 1st quarter. Private Advisor Group LLC now owns 13,708 shares of the company’s stock worth $933,000 after buying an additional 4,866 shares during the period. Janus Capital Management LLC lifted its position in shares of Cedar Fair, L.P. by 4.4% during the 1st quarter. Janus Capital Management LLC now owns 625,955 shares of the company’s stock worth $42,446,000 after buying an additional 26,315 shares during the period. Peddock Capital Advisors LLC bought a new position in shares of Cedar Fair, L.P. during the 2nd quarter worth approximately $144,000. Finally, Bank of America Corp DE lifted its position in shares of Cedar Fair, L.P. by 7.1% during the 1st quarter. Bank of America Corp DE now owns 232,823 shares of the company’s stock worth $15,788,000 after buying an additional 15,362 shares during the period. Institutional investors and hedge funds own 51.53% of the company’s stock.

Cedar Fair, L.P. Company Profile

Cedar Fair, L.P. is an operator of regional amusement parks. The Company operates within a segment of amusement/water parks with accompanying resort facilities. As of December 31, 2016, the Company owned approximately 11 amusement parks, two separately gated outdoor water parks, one indoor water park and five hotels.

Analyst Recommendations for Cedar Fair, L.P. (NYSE:FUN)

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