Peak Resorts, Inc. (SKIS) Upgraded by Zacks Investment Research to “Hold”
Zacks Investment Research upgraded shares of Peak Resorts, Inc. (NASDAQ:SKIS) from a sell rating to a hold rating in a research report report published on Tuesday morning.
According to Zacks, “Peak Resorts, Inc. is an owner and operator of ski resorts in the U.S. The resorts under the company’s umbrella offer a breadth of activities, services and amenities, including skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction and mountain biking and other summer activities. Its ski properties are located throughout the Midwest, Northeast and Southeast United States. Peak Resorts, Inc. is headquartered in Wildwood, Missouri. “
A number of other research analysts have also recently weighed in on SKIS. ValuEngine cut shares of Peak Resorts from a hold rating to a sell rating in a research note on Saturday, May 27th. Stifel Nicolaus dropped their target price on shares of Peak Resorts from $7.00 to $6.00 and set a buy rating on the stock in a research note on Friday, June 23rd. Finally, Macquarie cut shares of Peak Resorts from an outperform rating to a neutral rating and dropped their target price for the company from $7.00 to $5.00 in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $6.29.
Peak Resorts (NASDAQ:SKIS) opened at 4.90 on Tuesday. The firm’s 50-day moving average price is $4.93 and its 200 day moving average price is $5.20. Peak Resorts has a 12-month low of $3.90 and a 12-month high of $6.20. The company has a market capitalization of $68.51 million, a price-to-earnings ratio of 163.33 and a beta of 1.04.
Peak Resorts (NASDAQ:SKIS) last released its earnings results on Thursday, July 13th. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.09. The company had revenue of $51.30 million during the quarter, compared to analysts’ expectations of $51.78 million. Peak Resorts had a net margin of 0.36% and a return on equity of 0.68%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.50) earnings per share. On average, equities research analysts expect that Peak Resorts will post $0.14 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Thursday, July 27th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 5.71%. The ex-dividend date was Tuesday, July 25th. Peak Resorts’s dividend payout ratio (DPR) is currently -200.00%.
In other news, major shareholder Cap 1 Llc bought 17,180 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were acquired at an average price of $5.58 per share, with a total value of $95,864.40. Following the acquisition, the insider now owns 1,742,705 shares of the company’s stock, valued at approximately $9,724,293.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased a total of 803,753 shares of company stock worth $4,165,497 in the last ninety days. 16.35% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of SKIS. Rutabaga Capital Management LLC MA raised its stake in Peak Resorts by 51.1% in the second quarter. Rutabaga Capital Management LLC MA now owns 1,251,976 shares of the company’s stock worth $5,133,000 after buying an additional 423,609 shares during the period. Vanguard Group Inc. raised its stake in Peak Resorts by 63.0% in the second quarter. Vanguard Group Inc. now owns 419,553 shares of the company’s stock worth $1,720,000 after buying an additional 162,100 shares during the period. Pinnacle Associates Ltd. raised its stake in Peak Resorts by 29.5% in the second quarter. Pinnacle Associates Ltd. now owns 100,688 shares of the company’s stock worth $413,000 after buying an additional 22,960 shares during the period. Essex Investment Management Co. LLC raised 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 worth $123,000 after buying an additional 5,808 shares during the period. Finally, Spark Investment Management LLC purchased a new stake in Peak Resorts during the second quarter worth $251,000. 43.62% of the stock is currently owned by institutional investors and hedge funds.
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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