Barclays Issues Positive Forecast for Cedar Fair (NYSE:FUN) Stock Price

Cedar Fair (NYSE:FUN - Get Free Report) had its price objective hoisted by Barclays from $41.00 to $43.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price objective would suggest a potential upside of 25.66% from the stock's previous close.

Several other equities analysts have also commented on FUN. Macquarie reiterated an "outperform" rating and issued a $55.00 target price on shares of Cedar Fair in a research note on Friday, March 7th. Wall Street Zen raised shares of Cedar Fair to a "sell" rating in a research note on Tuesday, May 20th. Jefferies Financial Group decreased their target price on shares of Cedar Fair from $58.00 to $42.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. UBS Group assumed coverage on shares of Cedar Fair in a research report on Wednesday, April 9th. They set a "buy" rating and a $49.00 price target for the company. Finally, The Goldman Sachs Group decreased their price target on shares of Cedar Fair from $45.00 to $39.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Two analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.20.

Cedar Fair Stock Performance

Shares of FUN stock traded down $0.45 during trading hours on Wednesday, reaching $34.22. 1,854,535 shares of the company's stock were exchanged, compared to its average volume of 1,608,924. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.40 and a quick ratio of 0.32. The company's 50 day moving average is $34.85 and its two-hundred day moving average is $41.46. The company has a market cap of $3.46 billion, a P/E ratio of -53.47 and a beta of 0.84. Cedar Fair has a 1 year low of $28.02 and a 1 year high of $58.70.

Cedar Fair (NYSE:FUN - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($2.20) earnings per share for the quarter, topping the consensus estimate of ($2.29) by $0.09. Cedar Fair had a net margin of 0.99% and a return on equity of 113.05%. The company had revenue of $202.06 million for the quarter, compared to analyst estimates of $235.51 million. Cedar Fair's revenue was up 98.9% compared to the same quarter last year. Equities research analysts anticipate that Cedar Fair will post 0.83 EPS for the current fiscal year.

Insider Buying and Selling at Cedar Fair

In other Cedar Fair news, Director Michelle M. Frymire sold 5,929 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $37.89, for a total value of $224,649.81. Following the completion of the transaction, the director now directly owns 7,162 shares of the company's stock, valued at $271,368.18. This represents a 45.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cedar Fair stock. Peregrine Capital Management LLC increased its stake in shares of Cedar Fair, L.P. (NYSE:FUN - Free Report) by 7.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,499 shares of the company's stock after buying an additional 9,231 shares during the quarter. Peregrine Capital Management LLC owned about 0.13% of Cedar Fair worth $4,691,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.