Peak Resorts, Inc. (SKIS) Lifted to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of Peak Resorts, Inc. (NASDAQ:SKIS) from a sell rating to a hold rating in a research report sent to investors on Tuesday.
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 equities research analysts have also weighed in on the company. B. Riley reissued a buy rating on shares of Peak Resorts in a research note on Wednesday, November 1st. FBR & Co reaffirmed a buy rating on shares of Peak Resorts in a research report on Tuesday, October 24th. Robert W. Baird reaffirmed a buy rating and set a $6.00 price target on shares of Peak Resorts in a research report on Tuesday, September 19th. Stifel Nicolaus reaffirmed a buy rating on shares of Peak Resorts in a research report on Thursday, September 7th. Finally, Oppenheimer Holdings, Inc. reaffirmed a buy rating and set a $7.00 price target on shares of Peak Resorts in a research report on Thursday, September 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Peak Resorts presently has a consensus rating of Buy and an average price target of $6.17.
Peak Resorts (SKIS) traded up $0.10 during midday trading on Tuesday, hitting $5.25. The stock had a trading volume of 25,166 shares, compared to its average volume of 50,900. Peak Resorts has a 12 month low of $4.00 and a 12 month high of $6.20. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.29 and a quick ratio of 1.22.
Peak Resorts (NASDAQ:SKIS) last released its earnings results on Wednesday, September 6th. The company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $7.50 million during the quarter, compared to the consensus estimate of $7.22 million. During the same period last year, the firm posted ($0.56) EPS. The company’s revenue was up 5.6% on a year-over-year basis. equities research analysts forecast that Peak Resorts will post 0.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Thursday, October 26th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date was Wednesday, October 25th. Peak Resorts’s payout ratio is -127.27%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Summer Road LLC raised its position in shares of Peak Resorts by 38.4% in the 3rd quarter. Summer Road LLC now owns 1,926,500 shares of the company’s stock worth $8,380,000 after acquiring an additional 534,092 shares in the last quarter. Rutabaga Capital Management LLC MA raised its position in shares of Peak Resorts by 51.1% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 1,251,976 shares of the company’s stock worth $5,133,000 after acquiring an additional 423,609 shares in the last quarter. Vanguard Group Inc. raised its position in shares of 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 acquiring an additional 162,100 shares in the last quarter. Spark Investment Management LLC bought a new position in shares of Peak Resorts in the 2nd quarter worth approximately $251,000. Finally, Renaissance Technologies LLC raised its position in shares of 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 acquiring an additional 46,801 shares in the last quarter. 46.71% of the stock is 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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