Cedar Fair, L.P. (FUN) Touches $65.12 Formed H&S; Suburban Propane Partners LP Has 0.79 Sentiment

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. The company has market cap of $1.64 billion. The Company’s Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to industrial end users. It has a 42.95 P/E ratio. This segment offers propane primarily for space heating, water heating, cooking, and clothes drying in the residential and commercial markets; for use as a motor fuel in internal combustion engines to power over-the-road vehicles, forklifts, and stationary engines, as well as to fire furnaces and as a cutting gas to the industrial customers; and for tobacco curing, crop drying, poultry brooding, and weed control in the agricultural markets.

Cedar Fair, L.P. (FUN) formed inverse H&S with $67.07 target or 3.00% above today’s $65.12 share price. Cedar Fair, L.P. (FUN) has $3.66B valuation. The stock increased 0.12% or $0.075 during the last trading session, reaching $65.115. About 59,732 shares traded. Cedar Fair, L.P. (NYSE:FUN) has risen 22.21% since January 5, 2017 and is uptrending. It has outperformed by 5.51% the S&P500.

Analysts await Suburban Propane Partners, L.P. (NYSE:SPH) to report earnings on February, 1. They expect $0.86 EPS, up 53.57% or $0.30 from last year’s $0.56 per share. SPH’s profit will be $52.80 million for 7.74 P/E if the $0.86 EPS becomes a reality. After $-0.83 actual EPS reported by Suburban Propane Partners, L.P. for the previous quarter, Wall Street now forecasts -203.61% EPS growth.

The stock increased 1.45% or $0.38 during the last trading session, reaching $26.63. About 37,109 shares traded. Suburban Propane Partners, L.P. (SPH) has declined 28.60% since January 5, 2017 and is downtrending. It has underperformed by 45.30% the S&P500.

Hite Hedge Asset Management Llc holds 0.91% of its portfolio in Suburban Propane Partners, L.P. for 135,349 shares. Abrams Capital Management L.P. owns 682,414 shares or 0.69% of their US portfolio. Moreover, Novare Capital Management Llc has 0.43% invested in the company for 93,345 shares. The Texas-based Cushing Asset Management Lp has invested 0.36% in the stock. Albert D Mason Inc, a Massachusetts-based fund reported 14,880 shares.

Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $51,471 activity.

Analysts await Cedar Fair, L.P. (NYSE:FUN) to report earnings on February, 21. They expect $0.21 earnings per share, up 275.00% or $0.33 from last year’s $-0.12 per share. FUN’s profit will be $11.81 million for 77.52 P/E if the $0.21 EPS becomes a reality. After $3.38 actual earnings per share reported by Cedar Fair, L.P. for the previous quarter, Wall Street now forecasts -93.79% negative EPS growth.

Among 10 analysts covering Cedar Fair (NYSE:FUN), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Cedar Fair had 21 analyst reports since August 24, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, June 19 by Goldman Sachs. The rating was maintained by FBR Capital on Thursday, February 16 with “Outperform”. The stock of Cedar Fair, L.P. (NYSE:FUN) has “Buy” rating given on Thursday, April 6 by Goldman Sachs. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, September 7. The firm has “Hold” rating by Suntrust Robinson given on Thursday, April 13. The stock has “Buy” rating by Hilliard Lyons on Monday, August 24. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, November 2. The stock has “Equal-Weight” rating by Stephens on Tuesday, April 19. Stifel Nicolaus maintained Cedar Fair, L.P. (NYSE:FUN) on Wednesday, August 2 with “Buy” rating. The stock of Cedar Fair, L.P. (NYSE:FUN) has “Buy” rating given on Monday, October 23 by KeyBanc Capital Markets.

Since August 24, 2017, it had 0 insider buys, and 3 insider sales for $737,660 activity. Ouimet Matthew A sold $129,800 worth of Cedar Fair, L.P. (NYSE:FUN) on Friday, September 15.

Investors sentiment decreased to 0.68 in 2017 Q3. Its down 0.41, from 1.09 in 2017Q2. It worsened, as 18 investors sold Cedar Fair, L.P. shares while 63 reduced holdings. 15 funds opened positions while 40 raised stakes. 27.74 million shares or 1.35% less from 28.12 million shares in 2017Q2 were reported. 13,441 are owned by Sheets Smith Wealth. Carnegie Asset Management invested in 0.65% or 86,886 shares. Dynamic Advsr Solutions Ltd Liability Company, Arizona-based fund reported 3,365 shares. Moreover, M&R Mgmt has 0.11% invested in Cedar Fair, L.P. (NYSE:FUN) for 7,095 shares. North Star Mgmt has invested 0% of its portfolio in Cedar Fair, L.P. (NYSE:FUN). Mercer Advisers Inc reported 0.05% in Cedar Fair, L.P. (NYSE:FUN). First Republic Invest holds 4,097 shares. Solaris Asset Mgmt Ltd Liability accumulated 1,445 shares. Envestnet Asset Mngmt Incorporated has 0% invested in Cedar Fair, L.P. (NYSE:FUN). Jpmorgan Chase holds 0% or 158,223 shares. Cwm Ltd Com owns 47 shares. Motco stated it has 0% in Cedar Fair, L.P. (NYSE:FUN). Sequoia Fincl Advsr Lc stated it has 0.04% in Cedar Fair, L.P. (NYSE:FUN). Morgan Stanley stated it has 346,395 shares or 0.01% of all its holdings. Moreover, Raymond James Financial Services Advsrs has 0.01% invested in Cedar Fair, L.P. (NYSE:FUN) for 15,780 shares.