Peak Resorts, Inc. (SKIS) Receives “Buy” Rating from FBR & Co
A number of other research firms also recently weighed in on SKIS. Zacks Investment Research upgraded Peak Resorts from a sell rating to a hold rating in a research report on Tuesday, August 22nd. Macquarie downgraded Peak Resorts from an outperform rating to a neutral rating and lowered their price target for the company from $7.00 to $5.00 in a research report on Wednesday, July 19th. ValuEngine downgraded Peak Resorts from a hold rating to a sell rating in a research report on Saturday, May 27th. Finally, Stifel Nicolaus lowered their price target on Peak Resorts from $7.00 to $6.00 and set a buy rating on the stock in a research report on Friday, June 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Peak Resorts presently has a consensus rating of Hold and a consensus target price of $6.29.
Peak Resorts (SKIS) traded up 2.13% during trading on Thursday, hitting $4.80. The stock had a trading volume of 36,311 shares. The stock has a market capitalization of $67.11 million, a P/E ratio of 160.00 and a beta of 1.05. The company has a 50-day moving average of $4.98 and a 200-day moving average of $5.14. Peak Resorts has a 52 week low of $3.90 and a 52 week high of $6.20.
Peak Resorts (NASDAQ:SKIS) last released its quarterly earnings results on Wednesday, September 6th. The company reported ($0.64) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.57) by $0.07. Peak Resorts had a negative net margin of 0.20% and a negative return on equity of 0.38%. The firm had revenue of $7.50 million for the quarter, compared to analysts’ expectations of $7.22 million. During the same quarter in the previous year, the business earned ($0.56) EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities analysts expect that Peak Resorts will post $0.14 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Thursday, July 27th were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, July 25th. This represents a $0.28 dividend on an annualized basis and a yield of 5.96%. Peak Resorts’s payout ratio is -127.27%.
In other news, major shareholder Cap 1 Llc purchased 152,400 shares of the stock in a transaction on Tuesday, July 18th. The shares were acquired at an average price of $4.82 per share, for a total transaction of $734,568.00. Following the completion of the transaction, the insider now directly owns 1,416,013 shares of the company’s stock, valued at approximately $6,825,182.66. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have acquired 803,753 shares of company stock worth $4,165,497 in the last 90 days. Company insiders own 16.52% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SKIS. Rutabaga Capital Management LLC MA purchased a new position in shares of Peak Resorts in the first quarter worth about $4,680,000. Vanguard Group Inc. increased its holdings in shares of 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. Spark Investment Management LLC purchased a new position in shares of Peak Resorts in the second quarter worth about $251,000. Renaissance Technologies LLC increased its holdings in shares of Peak Resorts by 56.5% in the first quarter. Renaissance Technologies LLC now owns 129,601 shares of the company’s stock worth $732,000 after buying an additional 46,801 shares during the period. Finally, Pinnacle Associates Ltd. increased its holdings in shares of 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. Hedge funds and other institutional investors own 47.55% of the company’s stock.
About Peak Resorts
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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