Fintel studies that on May 25, 2023, Keybanc initiated protection of Cedar Fair (NYSE:FUN) with a Overweight suggestion.
Analyst Price Forecast Suggests 21.18% Upside
As of May 11, 2023, the common one-year worth goal for Cedar Fair is 53.38. The forecasts vary from a low of 44.44 to a excessive of $64.05. The common worth goal represents a rise of 21.18% from its newest reported closing worth of 44.05.
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The projected annual income for Cedar Fair is 1,855MM, a rise of 2.88%. The projected annual non-GAAP EPS is 2.92.
What is the Fund Sentiment?
There are 190 funds or establishments reporting positions in Cedar Fair. This is a lower of 13 proprietor(s) or 6.40% within the final quarter. Average portfolio weight of all funds devoted to FUN is 0.32%, a rise of 2.62%. Total shares owned by establishments decreased within the final three months by 9.90% to 35,668K shares. The put/name ratio of FUN is 0.03, indicating a bullish outlook.
What are Other Shareholders Doing?
Goldman Sachs Group holds 3,547K shares representing 6.91% possession of the corporate. In it is prior submitting, the agency reported proudly owning 4,894K shares, representing a lower of 37.98%. The agency decreased its portfolio allocation in FUN by 77.83% over the past quarter.
Bank Of America holds 3,517K shares representing 6.85% possession of the corporate. In it is prior submitting, the agency reported proudly owning 2,570K shares, representing a rise of 26.92%. The agency decreased its portfolio allocation in FUN by 65.22% over the past quarter.
Ing Groep holds 2,799K shares representing 5.45% possession of the corporate. No change within the final quarter.
Jpmorgan Chase holds 2,003K shares representing 3.90% possession of the corporate. In it is prior submitting, the agency reported proudly owning 1,430K shares, representing a rise of 28.59%. The agency elevated its portfolio allocation in FUN by 43.03% over the past quarter.
Waratah Capital Advisors holds 1,846K shares representing 3.60% possession of the corporate. In it is prior submitting, the agency reported proudly owning 1,848K shares, representing a lower of 0.08%. The agency elevated its portfolio allocation in FUN by 48.76% over the past quarter.
Cedar Fair Background Information
(This description is offered by the corporate.)
Cedar Fair Entertainment Company, one of the most important regional amusement-resort operators on the planet, is a publicly traded partnership headquartered in Sandusky, Ohio. Focused on its mission to make folks completely happy by offering enjoyable, immersive, and memorable experiences, the Company owns and operates 13 properties, consisting of 11 amusement parks, 4 individually gated outside water parks, and resort lodging totaling greater than 2,300 rooms and greater than 600 luxurious RV websites. Cedar Fair’s parks are situated in Ohio, California, North Carolina, South Carolina, Virginia, Pennsylvania, Minnesota, Missouri, Michigan, Texas and Toronto, Ontario. The Company additionally operates an extra theme park in California underneath a administration contract.
Key filings for this firm:
This story initially appeared on Fintel.
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