Peak Resorts’ (SKIS) Buy Rating Reaffirmed at FBR & Co
SKIS has been the subject of several other research reports. Zacks Investment Research upgraded Peak Resorts from a sell rating to a hold rating in a research note on Tuesday, August 22nd. Stifel Nicolaus restated a buy rating on shares of Peak Resorts in a research note on Thursday, September 7th. Oppenheimer Holdings, Inc. reiterated a buy rating and issued a $7.00 price objective on shares of Peak Resorts in a research report on Thursday, September 7th. Macquarie cut Peak Resorts from an outperform rating to a neutral rating and cut their price objective for the stock from $7.00 to $5.00 in a research report on Wednesday, July 19th. Finally, Robert W. Baird reiterated a buy rating and issued a $6.00 price objective on shares of Peak Resorts in a research report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $6.17.
Peak Resorts (NASDAQ SKIS) traded down 0.60% during trading on Tuesday, hitting $5.00. 56,499 shares of the stock traded hands. The firm’s 50-day moving average is $4.57 and its 200-day moving average is $4.84. Peak Resorts has a 12 month low of $3.90 and a 12 month high of $6.20. The stock’s market cap is $69.91 million.
Peak Resorts (NASDAQ:SKIS) last released its quarterly earnings results on Wednesday, September 6th. The company reported ($0.64) EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $7.50 million for the quarter, compared to analysts’ expectations of $7.22 million. During the same quarter last year, the company earned ($0.56) EPS. Peak Resorts’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts forecast that Peak Resorts will post $0.07 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Thursday, October 26th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date of this dividend is Wednesday, October 25th. Peak Resorts’s dividend payout ratio is currently -127.27%.
Several hedge funds have recently made changes to their positions in the company. Rutabaga Capital Management LLC MA increased its position in shares of 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 valued at $5,133,000 after buying an additional 423,609 shares in the last quarter. Vanguard Group Inc. increased its position 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 valued at $1,720,000 after buying an additional 162,100 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of 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. Renaissance Technologies LLC increased its position 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 valued at $732,000 after buying an additional 46,801 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its position 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 valued at $413,000 after buying an additional 22,960 shares in the last quarter. 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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