Peak Resorts, Inc. (SKIS) Rating Reiterated by Robert W. Baird
Peak Resorts, Inc. (NASDAQ:SKIS)‘s stock had its “buy” rating reiterated by analysts at Robert W. Baird in a research report issued on Tuesday. They currently have a $6.00 price target on the stock. Robert W. Baird’s target price indicates a potential upside of 39.53% from the company’s previous close.
Several other brokerages have also weighed in on SKIS. FBR & Co reissued a “buy” rating and issued a $6.00 price objective on shares of Peak Resorts in a report on Thursday, September 7th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $7.00 price objective on shares of Peak Resorts in a report on Thursday, September 7th. Macquarie lowered 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 report on Wednesday, July 19th. Zacks Investment Research raised Peak Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Peak Resorts in a report on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. Peak Resorts presently has a consensus rating of “Hold” and an average target price of $6.11.
Shares of Peak Resorts (NASDAQ SKIS) opened at 4.30 on Tuesday. Peak Resorts has a 12 month low of $3.90 and a 12 month high of $6.20. The company has a market cap of $60.12 million, a PE ratio of 143.33 and a beta of 1.05. The stock has a 50 day moving average of $4.81 and a 200-day moving average of $5.06.
Peak Resorts (NASDAQ:SKIS) last announced its quarterly earnings data on Wednesday, September 6th. The company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.57) by ($0.07). Peak Resorts had a negative return on equity of 0.38% and a negative net margin of 0.20%. The firm had revenue of $7.50 million during the quarter, compared to analysts’ expectations of $7.22 million. During the same period last year, the business posted ($0.56) EPS. The company’s revenue was up 5.6% compared to the same quarter last year. Equities analysts forecast that Peak Resorts will post $0.08 earnings per share for the current year.
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In related news, major shareholder Cap 1 Llc bought 152,400 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was acquired at an average price of $4.82 per share, for a total transaction of $734,568.00. Following the purchase, the insider now directly owns 1,416,013 shares in the company, valued at $6,825,182.66. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders acquired 803,753 shares of company stock valued at $4,165,497. 16.52% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of SKIS. Rutabaga Capital Management LLC MA bought a new position in Peak Resorts in the 1st quarter worth about $4,680,000. Vanguard Group Inc. boosted its stake in Peak Resorts by 63.0% in the 2nd quarter. Vanguard Group Inc. now owns 419,553 shares of the company’s stock worth $1,720,000 after purchasing an additional 162,100 shares during the period. Spark Investment Management LLC bought a new position in Peak Resorts in the 2nd quarter worth about $251,000. Renaissance Technologies LLC boosted its stake in Peak Resorts by 56.5% in the 1st quarter. Renaissance Technologies LLC now owns 129,601 shares of the company’s stock worth $732,000 after purchasing an additional 46,801 shares during the period. Finally, Pinnacle Associates Ltd. boosted its stake in Peak Resorts by 29.5% in the 2nd quarter. Pinnacle Associates Ltd. now owns 100,688 shares of the company’s stock worth $413,000 after purchasing an additional 22,960 shares during the period. Institutional investors and hedge funds own 47.55% of the company’s stock.
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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