Zacks Investment Research upgraded shares of Peak Resorts (NASDAQ:SKIS) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning. The brokerage currently has $5.75 target price on the stock.

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. “

Other equities research analysts have also recently issued reports about the company. B. Riley reissued a buy rating on shares of Peak Resorts in a research report 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 issued a $6.00 target price 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 reaffirmed a buy rating and issued a $7.00 target price on shares of Peak Resorts in a research report on Thursday, September 7th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $6.22.

Shares of Peak Resorts (NASDAQ SKIS) opened at $5.20 on Wednesday. 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 3.11, a current ratio of 0.79 and a quick ratio of 1.22.

Peak Resorts (NASDAQ:SKIS) last posted its quarterly earnings data on Thursday, December 7th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.64) by ($0.02). Peak Resorts had a negative net margin of 0.95% and a negative return on equity of 1.83%. The business had revenue of $8.84 million during the quarter, compared to the consensus estimate of $8.64 million. During the same period in the prior year, the company posted ($0.57) earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. equities analysts predict that Peak Resorts will post 0.05 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its stake in Peak Resorts by 56.5% during the first 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. Rutabaga Capital Management LLC MA increased its stake 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. Essex Investment Management Co. LLC increased its stake in shares of Peak Resorts by 148.8% in the third quarter. Essex Investment Management Co. LLC now owns 74,872 shares of the company’s stock valued at $326,000 after buying an additional 44,774 shares in the last quarter. Summer Road LLC increased its stake in shares of Peak Resorts by 38.4% in the third quarter. Summer Road LLC now owns 1,926,500 shares of the company’s stock valued at $8,380,000 after buying an additional 534,092 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake 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. Hedge funds and other institutional investors own 44.92% of the company’s stock.

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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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