Fintel reports that on December 9, 2024, Jefferies initiated coverage of Cedar Fair (NYSE:FUN) with a Buy recommendation.
Analyst Price Forecast Suggests 18.35% Upside
As of December 3, 2024, the average one-year price target for Cedar Fair is $55.93/share. The forecasts range from a low of $44.44 to a high of $68.25. The average price target represents an increase of 18.35% from its latest reported closing price of $47.26 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Cedar Fair is 1,883MM, a decrease of 21.30%. The projected annual non-GAAP EPS is 3.11.
What is the Fund Sentiment?
There are 546 funds or institutions reporting positions in Cedar Fair. This is an increase of 528 owner(s) or 2,933.33% in the last quarter. Average portfolio weight of all funds dedicated to FUN is 0.38%, an increase of 296.71%. Total shares owned by institutions increased in the last three months by 130,161.60% to 110,562K shares. 
The put/call ratio of FUN is 0.26, indicating a bullish outlook.
What are Other Shareholders Doing?
H Partners Management holds 6,412K shares.
IJR - iShares Core S&P Small-Cap ETF holds 5,917K shares.
59 North Capital Management holds 3,204K shares.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,851K shares.
Ing Groep holds 2,617K shares.
Cedar Fair Background Information
(This description is provided by the company.)
Cedar Fair Entertainment Company, one of the largest regional amusement-resort operators in the world, is a publicly traded partnership headquartered in Sandusky, Ohio. Focused on its mission to make people happy by providing fun, immersive, and memorable experiences, the Company owns and operates 13 properties, consisting of 11 amusement parks, four separately gated outdoor water parks, and resort accommodations totaling more than 2,300 rooms and more than 600 luxury RV sites. Cedar Fair's parks are located in Ohio, California, North Carolina, South Carolina, Virginia, Pennsylvania, Minnesota, Missouri, Michigan, Texas and Toronto, Ontario. The Company also operates an additional theme park in California under a management contract.
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