Brokerages Set Peak Resorts, Inc. (SKIS) PT at $6.25
Shares of Peak Resorts, Inc. (NASDAQ:SKIS) have been given an average recommendation of “Hold” by the seven analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $6.25.
Several research analysts have recently commented on the company. FBR & Co reaffirmed a “buy” rating on shares of Peak Resorts in a research note on Tuesday, April 11th. Zacks Investment Research downgraded Peak Resorts from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 5th. Macquarie downgraded Peak Resorts from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $7.00 to $5.00 in a research note on Wednesday, July 19th. ValuEngine downgraded Peak Resorts from a “hold” rating to a “sell” rating in a research note on Saturday, May 27th. Finally, Stifel Nicolaus decreased their price objective on Peak Resorts from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, June 23rd.
In related news, major shareholder Cap 1 Llc acquired 152,400 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The shares were purchased at an average price of $4.82 per share, with a total value of $734,568.00. Following the completion of the purchase, the insider now directly owns 1,416,013 shares of the company’s stock, valued at $6,825,182.66. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders bought 803,758 shares of company stock worth $4,165,584 in the last ninety days. Corporate insiders own 16.35% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC boosted its stake in Peak Resorts by 23.9% in the second quarter. Essex Investment Management Co. LLC now owns 30,098 shares of the company’s stock valued at $123,000 after buying an additional 5,808 shares in the last quarter. Spark Investment Management LLC acquired a new stake in Peak Resorts during the second quarter valued at about $251,000. Russell Investments Group Ltd. boosted its stake in Peak Resorts by 5.2% in the second quarter. Russell Investments Group Ltd. now owns 196,417 shares of the company’s stock valued at $805,000 after buying an additional 9,704 shares in the last quarter. Rutabaga Capital Management LLC MA acquired a new stake in Peak Resorts during the first quarter valued at about $4,680,000. Finally, Bard Associates Inc. boosted its stake in Peak Resorts by 0.5% in the first quarter. Bard Associates Inc. now owns 119,175 shares of the company’s stock valued at $673,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 50.15% of the company’s stock.
Peak Resorts (NASDAQ SKIS) traded down 2.427% on Friday, reaching $5.025. The company’s stock had a trading volume of 22,813 shares. The stock has a market cap of $70.26 million, a P/E ratio of 167.500 and a beta of 1.03. Peak Resorts has a one year low of $3.90 and a one year high of $6.20. The stock has a 50-day moving average of $4.61 and a 200-day moving average of $5.29.
Peak Resorts (NASDAQ:SKIS) last posted its quarterly earnings data on Thursday, July 13th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.61 by $0.09. Peak Resorts had a return on equity of 0.68% and a net margin of 0.36%. The company had revenue of $51.30 million during the quarter, compared to the consensus estimate of $51.78 million. During the same period last year, the business earned ($0.50) EPS. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, analysts predict that Peak Resorts will post $0.14 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Thursday, July 27th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend is Tuesday, July 25th. Peak Resorts’s dividend payout ratio (DPR) is currently -200.00%.
Peak Resorts Company Profile
Peak Resorts, Inc is a holding company. The Company, through its subsidiaries, owns or leases, and operates day ski and overnight drive ski resorts. The Company’s ski resort operations consist of snow skiing, snowboarding and snow sports areas in Wildwood and Weston, Missouri; Bellefontaine and Cleveland, Ohio; Paoli, Indiana; Blakeslee and Lake Harmony, Pennsylvania; Bartlett, Bennington and Pinkham Notch, New Hampshire; West Dover, Vermont, and Hunter, New York, and an 18 hole golf course in West Dover, Vermont.
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