B. Riley FBR Has Just Reaffirmed $70 Target Price Per Share on Cedar Fair (NYSE:FUN) stock, While They’ve Also Reiterated Their “Buy” Rating

July 19, 2018 - By Sheila Pollock

Cedar Fair, L.P. (NYSE:FUN) Logo

Investors sentiment decreased to 1.03 in 2018 Q1. Its down 0.04, from 1.07 in 2017Q4. It dropped, as 20 investors sold Cedar Fair, L.P. shares while 47 reduced holdings. 20 funds opened positions while 49 raised stakes. 27.90 million shares or 0.25% more from 27.83 million shares in 2017Q4 were reported.

Pecaut And Communications reported 6,200 shares or 0.3% of all its holdings. Delta Asset Mngmt Limited Company Tn has invested 0.12% in Cedar Fair, L.P. (NYSE:FUN). Wells Fargo Mn reported 198,437 shares. Interocean Capital Lc stated it has 4,200 shares. Winfield Inc owns 22,290 shares. 10,200 were accumulated by Ci Invs Inc. Sheets Smith Wealth Management invested in 12,775 shares or 0.2% of the stock. Bankshares Of America De accumulated 51,026 shares. Johnson Inv Counsel accumulated 0.03% or 15,313 shares. Plante Moran Advsrs Limited holds 0.01% of its portfolio in Cedar Fair, L.P. (NYSE:FUN) for 264 shares. Clinton Gru holds 4,429 shares or 0.03% of its portfolio. 15,578 are owned by Raymond James Advsrs. 1832 Asset Management Ltd Partnership holds 0% or 1,000 shares in its portfolio. First National holds 5,000 shares or 0.04% of its portfolio. Moreover, Segment Wealth Management Lc has 0.14% invested in Cedar Fair, L.P. (NYSE:FUN) for 8,515 shares.

Since February 26, 2018, it had 0 insider purchases, and 2 selling transactions for $399,132 activity.

Cedar Fair (NYSE:FUN) Rating Reaffirmed

B. Riley FBR now has a $70 target on shares of Cedar Fair (NYSE:FUN). The target means a potential upside of 17.57 % from the current price of Cedar Fair (NYSE:FUN). This rating was revealed to investors in a research note on Thursday, 19 July.

Cedar Fair, L.P. (NYSE:FUN) Ratings Coverage

Among 3 analysts covering Cedar Fair (NYSE:FUN), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Cedar Fair has $77.0 highest and $77.0 lowest target. $77’s average target is 29.32% above currents $59.54 stock price. Cedar Fair had 3 analyst reports since February 14, 2018 according to SRatingsIntel. On Thursday, February 15 the stock rating was maintained by Stifel Nicolaus with “Buy”. KeyBanc Capital Markets maintained the stock with “Buy” rating in Wednesday, February 14 report.

The stock increased 0.54% or $0.32 during the last trading session, reaching $59.54. About 107,384 shares traded. Cedar Fair, L.P. (NYSE:FUN) has declined 7.32% since July 19, 2017 and is downtrending. It has underperformed by 19.89% the S&P500.

Analysts await Cedar Fair, L.P. (NYSE:FUN) to report earnings on August, 1. They expect $1.06 EPS, up 29.27 % or $0.24 from last year’s $0.82 per share. FUN’s profit will be $59.80M for 14.04 P/E if the $1.06 EPS becomes a reality. After $-1.27 actual EPS reported by Cedar Fair, L.P. for the previous quarter, Wall Street now forecasts -183.46 % EPS growth.

Cedar Fair, L.P. owns and operates amusement and water parks, and hotels in the United States and Canada. The company has market cap of $3.36 billion. As of February 15, 2017, the firm operated approximately 11 amusement parks, 2 outdoor water parks, 1 indoor water park, and 5 hotels. It has a 17.21 P/E ratio. The Company’s 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, Canada; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Dorney Park & Wildwater Kingdom in Allentown, Pennsylvania; Kings Dominion located near Richmond, Virginia; California's Great America located in Santa Clara, California; Valleyfair located near Minneapolis/St.

More notable recent Cedar Fair, L.P. (NYSE:FUN) news were published by: Fool.com which released: “2 Stocks to Buy With Dividends Yielding More Than 4%” on July 15, 2018, also Seekingalpha.com with their article: “Cedar Fair Drops 8% On Disappointing Q2 Results” published on July 11, 2018, Globenewswire.com published: “Cedar Fair Announces 2018 Second-Quarter Earnings Conference Call” on July 09, 2018. More interesting news about Cedar Fair, L.P. (NYSE:FUN) were released by: Bizjournals.com and their article: “Environmental group thrown for a loop when state changes limits on Worlds of Fun pollutants” published on July 09, 2018 as well as Seekingalpha.com‘s news article titled: “Cedar Fair -8% after soft attendance report” with publication date: July 11, 2018.

Cedar Fair, L.P. (NYSE:FUN) Institutional Positions Chart

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